Managerial Economics & Organizational Architecture

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McGraw-Hill Companies,Incorporated, 2007 - Business & Economics - 730 pages
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With two distinct objectives, this textís 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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Contents

Basic Concepts
2
Purpose of the Book
10
Introduction
11
Copyright

94 other sections not shown

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About the author (2007)

Brickley is the Gleason Professor of Business Administration at the University of Rochester's Simon Graduate School of Business.

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

zimmerman is Alumni Distinguished Professor of Accounting at the William E. Simon Graduate School of Business Administration, University of Rochester.

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