9780072314472

This 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; 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.

Part 1: Basic Concepts
Chapter 1 Introduction
Chapter 2 The Economist’s 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 Attractive and Retaining Qualified Employees
Chapter 15 Incentive Compensation
Chapter 16 Individual Performance Evaluation
Chapter 17 Divisional Performance Evaluation
Part 4: Applications of Organizational Architecture
Chapter 18 Vertical Integration and Outsourcing
Chapter 19 Leadership: Motivating Change within Organizations
Chapter 20 Understanding the Business Environment: The Economics of Regulation
Chapter 21 Ethics and Organizational Architecture
Chapter 22 Organizational Architectures and the Process of Management Innovation
Glossary
Index

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Managerial Economics and Organizational Architecture

Managerial Economics and Organizational Architecture

0072314478

Summary

Table of Contents

Chapter 1 Introduction

Chapter 2 The Economist’s 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 Attractive and Retaining Qualified Employees

Chapter 15 Incentive Compensation

Chapter 16 Individual Performance Evaluation

Chapter 17 Divisional Performance Evaluation

Part 4: Applications of Organizational Architecture

Chapter 18 Vertical Integration and Outsourcing

Chapter 19 Leadership: Motivating Change within Organizations

Chapter 20 Understanding the Business Environment: The Economics of Regulation

Chapter 21 Ethics and Organizational Architecture

Chapter 22 Organizational Architectures and the Process of Management Innovation

Glossary

Index

Supplemental Materials