Managerial Economics & Organizational Architecture - Hardcover

Brickley, James; Smith, Clifford W; Zimmerman, Jerold

Hardcover

ISBN 10: 0072828099 ISBN 13: 9780072828092

Publisher: McGraw-Hill/Irwin, 2003

Synopsis

Brickley/Smith/Zimmerman's 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; 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 an organization as well.

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About this edition

• Publisher: McGraw-Hill/Irwin
• Publication date: 2003
• ISBN 10: 0072828099
• ISBN 13: 9780072828092
• Binding: Hardcover
• Edition number: 3
• Number of pages: 704