Designing Organizations to Create Value: From Strategy to Structure

A three-pronged strategy for dramatically increasing organizational performance and value

Business leaders today need more than fads and buzzwords to beat the competition; they need a solid organizational architecture for identifying and resolving the problems that prevent companies from reaching their full potential. Designing Organizations to Create Value outlines just such a framework, providing executives with the tools they need to build a balanced, functional organization­­one that helps ensure the success of the business as it lays the groundwork for increased firm value. This practical, sensible book, based on the author's bestselling college classic, follows a step-by-step process for identifying the critical aspects of an organization's internal structure and taking the appropriate actions to address them and lead the organization to greatness. That process, adaptable to virtually any

organization or organizational structure, details:

• Assignment of decision-making rights
• Rewarding individuals
• Evaluating performance

Clifford W. Smith is the Louise & Henry Epstein EmeritusProfessor at the University of Rochester. He is currently chairman of the boardof Home Properties, a multifamily real estate investment trust (REIT) withoperations primarily along the East Coast of the United States, and wasformerly chair of the compensation committee, chair of the governancecommittee, and lead director. Smith has served as president of the Risk TheorySociety, president of the Financial Management Association National Honor Society,vice president for Global Services of the Financial Management AssociationInternational, vice president of the International Economics and FinanceSociety, a member of the board of advisors of the International Association ofFinancial Engineers, and a member of the board of directors of the FinancialManagement Association and the Southern Finance Association. Students in theExecutive MBA Program have given him their Superior Teaching Award 21 times;students in the MBA Program have given him their Superior Teaching Award 16times. In 2003, he received the FMA Fellows Award by the Financial ManagementAssociation International. He was named Distinguished Scholar by the SouthernFinance Association in 2000, and Distinguished International Visiting Scholarby the British Accounting Association in 1991. In 1986, he was given the firstSpecial Award for a Perfect Teaching Rating by the School, in 1983, he waschosen a University Mentor in recognition of his scholarship and teaching.

James A. Brickley, Ph.D., is the Gleason Professor of Business Administration at the University of Rochester's Simon Graduate School of Business. He has coauthored a number of influential books, and his work has appeared in numerous professional journals, including The Journal of Business and The Journal of Finance.

Clifford W. Smith, Jr., Ph.D., is the Louise and Henry Epstein Professor of Business Administration at the Simon Graduate School of Business. He is the author or coauthor of more than a dozen books and numerous journal articles and has served as an economist with the Securities and Exchange Commission.

Jerold L. Zimmerman, Ph.D., is the Ronald L. Bittner Professor of Business Administration at the Simon Graduate School of Business. The author or coauthor of several books, he is a founding editor of the Journal of Accounting and Economics and has (along with coauthors Brickley and Smith) extensive corporate consulting experience.

Janice Willett is a senior manuscript editor with the Journal of Financial Economics and associate editor of the Journal of Applied Corporate Finance.

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

Research and teaching interests in the economics of organizations, corporate governance and compensation policy, corporate finance, franchising and banking. From 1989 to 1991, he was chairman of the Finance Department and research director at he University of Utah's Garn Institute of Finance. Professor Brickley was chairman of he Committee on MBA Programs from 1994-1997.