Synopses & Reviews
With two distinct objectives, this texts 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.
Synopsis
Managerial Economics and Organizational Architecture, 5e helps the student to gain an understanding of the basic tools of economics used to solve important business problems. It also provides an in-depth analysis of the firm and corporate governance topics. The Fifth Edition has an improved focus on decision-making and managerial applications, within the structure of an organization.
About the Author
McGraw-Hill authors represent the leading experts in their fields and are dedicated to improving the lives, careers, and interests of readers worldwideMcGraw-Hill authors represent the leading experts in their fields and are dedicated to improving the lives, careers, and interests of readers worldwide
Table of Contents
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PART 1: Basic Concepts
Chapter 1: Introduction
Chapter 2: Economists\' View of Behavior
Chapter 3: Markets, Organizations, and the Role of Knowledge
PART 2: Managerial Economics
Chapter 4: Demand
Chapter 5: Production and Cost
Chapter 6: Market Structure
Chapter 7: Pricing with Market Power
Chapter 8: Economics of Strategy: Creating and Capturing Value
Chapter 9: Economics of Strategy: Game Theory
Chapter 10: Incentive Conflicts and Contracts
PART 3: Designing Organizational Architecture
Chapter 11: Organizational Architecture
Chapter 12: Decision Rights: The Level of Empowerment
Chapter 13: Decision Rights: Bundling Tasks into Jobs and Subunits
Chapter 14: Attracting and Retaining Qualified Employees
Chapter 15: Incentive Compensation
Chapter 16: Individual Performance Evaluation
Chapter 17: Divisional Performance Evaluation
Capstone Case Study on Organizational Architecture: Arthur Andersen LLP
PART 4: Applications of Organizational Architecture
Chapter 18: Corporate Governance
Chapter 19: Vertical Integration and Outsourcing
Chapter 20: Leadership: Motivating Change within Organizations
Chapter 21: Understanding the Business Environment: The Economics of Regulation
Chapter 22: Ethics and Organizational Architecture
Chapter 23: Organizational Architecture and the Process of Management Innovation
Glossary
Index
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