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 | | Managerial Economics and Organizational Architecture by James A. Brickley, Clifford W. Smith, Jerold L. Zimmerman ISBN-10: 0072314478 ISBN-10: 0-07-231447-8 ISBN-13: 9780072314472 ISBN-13: 978-0-07-231447-2 Hardcover 2000-08-03 Irwin/McGraw-Hill Find Lowest Price |
Editorials | ||
Book Description This new approach to managerial economics takes models from recent economics research and applies this research to the internal structure of the firm. After teaching basic applied economics, the authors look inside the firm and apply this analysis to management decision making. The general model used for this application is organizational architecture. 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. | ||
Reviews | ||
Healthy Concepts I just loved the way each chapter started with a scenario from the history archives of actual firms that narrated a story which was directly linked to the contents of the chapter. Out of all the books that i read for my MBA, this book has been one of the better Management books, which i enjoyed reading. The ideas, theories and concepts in the book felt like eating a salad for lunch. It was light, easy to digest and healthy | ||
Great Economics Text for Managers Great overview of economics. Good for managers who want to know how to read economic forces, react to them, and how to use them. | ||
An outstanding all-in-one guide to business management Besides being a well organized and example-packed textbook, I found Managerial Economics and Organizational Architecture to be a compact MBA refresher course -- and a useful reference for day-to-day problems. Thinking about business organizations as rational individuals responding to incentives and new information simply fits the facts. The three basic elements developed in this book allow managers to translate this logical thinking into operational decisions: allocating decision rights, measuring performance, and compensating individuals and groups. The power of this approach in analyzing common management problems equips the reader with a rich set of tools for identifying and solving them. | ||
It provides a powerful analysis of organizational structure. This book provides a broad, powerful, economics-based framework for examining a wide array of organizational problems--centralization vs decentralization, use of incentive compensation, establishing cost or profit centers. It is well organized, and the numerous examples from the business press help relate the analysis to practice. Because it is based on economics, it provides strong links to finance, accounting, and marketing. | ||
I loved this book. This is one of the most insightful approaches I have ever seen toward understanding behavior in organizations and organization structure. It's the best managerial economics text on the market. Very useful for thoughtful readers. | ||