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Managerial Dilemmas: The Political Economy of Hierarchy (Political Economy of Institutions and Decisions) - Hardcover

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Synopsis

In organization theory a schism has developed between the traditional organizational behavior literature, based in psychology, sociology and political science, and the more analytically rigorous field of organizational economics. The former stresses the importance of managerial leadership and cooperation among employees, while the latter focuses on the engineering of incentive systems that will induce efficiency, and profitability, by rewarding worker self-interest. In this innovative book, Gary Miller bridges the gap between these literatures. He demonstrates that it is impossible to design an incentive system based on self-interest that will effectively discipline all subordinates and superiors and obviate or overcome the roles of political conflict, collective action, and leadership in an organization. Applying game theory to the analysis of the roles of cooperation and political leadership in organizational hierarchies, he concludes that the organization whose managers can inspire cooperation and the transcendence of short-term interest in its employees enjoys a competitive advantage.

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Book Description

Applying game theory to the analysis of the roles of cooperation and political leadership in organizational hierarchies, this study concludes that the organization whose managers can inspire cooperation and the transcendence of short-term interest in its employees enjoys a competitive advantage.

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"In sum, this is a useful book....Miller's informal, intuitive presentation of highly technical results is excellent and may convince organizational sociologists that rational choice theory has more to tell about organizations than just that hierarchical structures economize in transaction costs." Thomas Voss, Contemporary Sociology

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  • PublisherCambridge University Press
  • Publication date1992
  • ISBN 10 052137281X
  • ISBN 13 9780521372817
  • BindingHardcover
  • LanguageEnglish
  • Number of pages274
  • Rating
    • 4.39 out of 5 stars
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Hardcover. Condition: new. Hardcover. In organisation theory a schism has developed between the traditional organisational behaviour literature, based in psychology, sociology and political science, and the more analytically rigorous field of organisational economics. The former stresses the importance of managerial leadership and cooperation among employees, while the latter focuses on the engineering of incentive systems that will induce efficiency and profitability, by rewarding worker self-interest. In this innovative book, Gary Miller bridges the gap between these literatures. He demonstrates that it is impossible to design an incentive system based on self-interest that will effectively discipline all subordinates and superiors and obviate or overcome the roles of political conflict, collective action, and leadership in an organisation. Applying game theory to the analysis of the roles of cooperation and political leadership in organisational hierarchies, he concludes that the organisation whose managers can inspire cooperation and the transcendence of short-term interest in its employees enjoys a competitive advantage. Managerial Dilemmas extends the use of analytical techniques from organisational economics to the spheres of organisational culture and leadership in politics and business. Shipping may be from multiple locations in the US or from the UK, depending on stock availability. Seller Inventory # 9780521372817

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