Managerial Economics & Organizational Architecture

Managerial Economics & Organizational Architecture

5th Edition | See Newer Edition

By James Brickley and Jerold Zimmerman and Clifford W. Smith, Jr.

  • Copyright: 2009

  • Publication Date: October 13, 2008

  • ISBN 10: 0073375829

  • ISBN 13: 9780073375823

Description

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Managerial Economics and Organizational Architecture, 5e helps the student to gain an understanding of the basic tools of economics used to solve important business problems. It also provides an in-depth analysis of the firm and corporate governance topics. The Fifth Edition has an improved focus on decision-making and managerial applications, within the structure of an organization.

  • Language: English

  • Imprint: Irwin/McGraw-Hill

  • Dimension: 8.4 x 10.1 IN

  • Page Count: 736

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PART 1: Basic Concepts

Chapter 1: Introduction

Chapter 2: Economists' View of Behavior

Chapter 3: Markets, Organizations, and the Role of Knowledge

PART 2: Man

Table of Contents

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PART 1: Basic Concepts

Chapter 1: Introduction

Chapter 2: Economists' View of Behavior

Chapter 3: Markets, Organizations, and the Role of Knowledge

PART 2: Managerial Economics

Chapter 4: Demand

Chapter 5: Production and Cost

Chapter 6: Market Structure

Chapter 7: Pricing with Market Power

Chapter 8: Economics of Strategy: Creating and Capturing Value

Chapter 9: Economics of Strategy: Game Theory

Chapter 10: Incentive Conflicts and Contracts

PART 3: Designing Organizational Architecture

Chapter 11: Organizational Architecture

Chapter 12: Decision Rights: The Level of Empowerment

Chapter 13: Decision Rights: Bundling Tasks into Jobs and Subunits

Chapter 14: Attracting and Retaining Qualified Employees

Chapter 15: Incentive Compensation

Chapter 16: Individual Performance Evaluation

Chapter 17: Divisional Performance Evaluation

Capstone Case Study on Organizational Architecture: Arthur Andersen LLP

PART 4: Applications of Organizational Architecture

Chapter 18: Corporate Governance

Chapter 19: Vertical Integration and Outsourcing

Chapter 20: Leadership: Motivating Change within Organizations

Chapter 21: Understanding the Business Environment: The Economics of Regulation

Chapter 22: Ethics and Organizational Architecture

Chapter 23: Organizational Architecture and the Process of Management Innovation

Glossary

Index

New Features

  • Managerial decision problems: Real-world scenario boxes enable students to immediately apply what they have learned as they employ economic analysis to make the best managerial decisions in a given, realistic situation.
  • Self-Evaluation Problems with Solutions: New Self-Evaluation problems at the end of the chapter focus on the standard types of economic issues that students will face in relation to the chapter topics. The accompanying solutions provide both the opportunity to check the answers and to see concrete examples of how these types of problems are solved.
  • Updated boxed material in each chapter: Boxed examples, now divided into Managerial, Academic, and Historical Applications to highlight topic relevance, have been updated with new information. New boxes have also been added to keep the text current.

Key Features

  • Comprehensive, cross-functional framework: The authors describe and integrate important research findings published across several functional areas, then demonstrate how to apply the framework to specific organizational problems.
  • Topic integration of strategy and organisational architecture: Students learn how elements of the business environment (technology, competition, and regulation) drive the firm's choice of strategy as well as the interaction of strategy choice an organisational architecture.
  • Problems and exercises: Real organisational problems, both within the chapter and at chapters end, are drawn from the business press and consulting engagements. The authors have structured exercises that provide readers with a broad array of opportunities to apply the framework to problems like ones they encounter as managers.

Features

x

New Features

  • Managerial decision problems: Real-world scenario boxes enable students to immediately apply what they have learned as they employ economic analysis to make the best managerial decisions in a given, realistic situation.
  • Self-Evaluation Problems with Solutions: New Self-Evaluation problems at the end of the chapter focus on the standard types of economic issues that students will face in relation to the chapter topics. The accompanying solutions provide both the opportunity to check the answers and to see concrete examples of how these types of problems are solved.
  • Updated boxed material in each chapter: Boxed examples, now divided into Managerial, Academic, and Historical Applications to highlight topic relevance, have been updated with new information. New boxes have also been added to keep the text current.

Key Features

  • Comprehensive, cross-functional framework: The authors describe and integrate important research findings published across several functional areas, then demonstrate how to apply the framework to specific organizational problems.
  • Topic integration of strategy and organisational architecture: Students learn how elements of the business environment (technology, competition, and regulation) drive the firm's choice of strategy as well as the interaction of strategy choice an organisational architecture.
  • Problems and exercises: Real organisational problems, both within the chapter and at chapters end, are drawn from the business press and consulting engagements. The authors have structured exercises that provide readers with a broad array of opportunities to apply the framework to problems like ones they encounter as managers.

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About the Authors

James Brickley

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.

Jerold Zimmerman

Research and teaching interests involve financial and managerial accounting. He and Professor Ross L. Watts received American Institute of Certified Public Accountants Awards in 1979 and 1980 for their joint papers. He received the American Accounting Association award for Seminal Contribution to Accounting Literature in 2004. He was the 1978 winner of the Competitive Manuscript Award, sponsored by the American Accounting Association, for his paper, "The Costs and Benefits of Cost Allocation." His research, which has come to be called "positive theories of accounting," seeks to understand the costs and benefits of various accounting procedures. He and Watts co-authored a book, Positive Accounting Theory, published by Prentice-Hall in 1986.

Clifford W. Smith, Jr.

Clifford W. Smith, Jr. Universidad of Rochester