Managerial Economics and Organizational Architecture / Edition 3

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Overview

With two distinct objectives, this text’s approach to managerial economics takes models from recent economics research and applies the research to the internal structure of a firm. After teaching basic applied economics, the authors look inside the firm and apply this analysis to management decision making.
Authors Brickley, Smith, and Zimmerman contend that organizational architecture consists of three aspects of corporate organization: the assignment of decision rights within the company; methods of rewarding individuals; the structure of systems to evaluate the performance of both individuals and business units. These three components can be likened to a stool with three legs. If one of the legs is shorter, the stool is out of balance. These three elements must be in balance in the organization as well.
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Product Details

  • ISBN-13: 9780072828092
  • Publisher: McGraw-Hill Higher Education
  • Publication date: 5/1/2003
  • Edition description: Third
  • Edition number: 3
  • Pages: 678
  • Product dimensions: 8.42 (w) x 10.30 (h) x 1.26 (d)

Meet the Author

McGraw-Hill authors represent the leading experts in their fields and are dedicated to improving the lives, careers, and interests of readers worldwide

McGraw-Hill authors represent the leading experts in their fields and are dedicated to improving the lives, careers, and interests of readers worldwide

McGraw-Hill authors represent the leading experts in their fields and are dedicated to improving the lives, careers, and interests of readers worldwide

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Table of Contents

Pt. 1 Basic Concepts
Ch. 1 Introduction 2
Ch. 2 Economists' View of Behavior 14
Ch. 3 Markets, Organizations, and the Role of Knowledge 41
Pt. 2 Managerial Economics
Ch. 4 Demand 70
Ch. 5 Production and Cost 98
Ch. 6 Market Structure 128
Ch. 7 Pricing with Market Power 151
Ch. 8 Economics of Strategy: Creating and Capturing Value 177
Ch. 9 Economics of Strategy: Game Theory 212
Ch. 10 Incentive Conflicts and Contracts 239
Pt. 3 Designing Organizational Architecture
Ch. 11 Organizational Architecture 262
Ch. 12 Decision Rights: The Level of Empowerment 284
Ch. 13 Decision Rights: Bundling Tasks into Jobs and Subunits 313
Ch. 14 Attracting and Retaining Qualified Employees 338
Ch. 15 Incentive Compensation 368
Ch. 16 Individual Performance Evaluation 397
Ch. 17 Divisional Performance Evaluation 428
Pt. 4 Applications of Organizational Architecture
Ch. 18 Vertical Integration and Outsourcing 460
Ch. 19 Leadership: Motivating Change within Organizations 496
Ch. 20 Understanding the Business Environment: The Economics of Regulation 519
Ch. 21 Ethics and Organizational Architecture 547
Ch. 22 Organizational Architecture and the Process of Management Innovation 572
Glossary 595
Index 605
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