This approach to managerial economics takes models from contemporary 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; and ...
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This approach to managerial economics takes models from contemporary 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; and 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. The basic economic tools of analysis should help the manager design organizations that motivate individuals to make choices that will increase firm value.
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Add this copy of Managerial Economics & Organizational Architecture, 6th to cart. $11.68, good condition, Sold by Book Bomber rated 4.0 out of 5 stars, ships from King of Prussia, PA, UNITED STATES, published 2015 by McGraw Hill Higher Education.
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Add this copy of Managerial Economics & Organizational Architecture, 6th to cart. $18.44, good condition, Sold by HPB-Red rated 4.0 out of 5 stars, ships from Carrollton, TX, UNITED STATES, published 2015 by McGraw-Hill Education.
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Good. Connecting readers with great books since 1972! Used textbooks may not include companion materials such as access codes, etc. May have some wear or writing/highlighting. We ship orders daily and Customer Service is our top priority!
Add this copy of Managerial Economics & Organizational Architecture, 6th to cart. $18.45, good condition, Sold by HPB-Red rated 4.0 out of 5 stars, ships from Carrollton, TX, UNITED STATES, published 2015 by McGraw-Hill Education.
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Good. Connecting readers with great books since 1972! Used textbooks may not include companion materials such as access codes, etc. May have some wear or writing/highlighting. We ship orders daily and Customer Service is our top priority!
