Economic approaches to organizations:
*"Why do Organizations exist?" " *""What is the relationship between markets and organizations?" " " *"When does one perform better than the other? " " " "The Answers: Economic Approaches to Organizations. " " " "No...
Gespeichert in:
| Hauptverfasser: | , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Harlow [u.a.]
Prentice Hall
2008
|
| Ausgabe: | 4. ed. |
| Schriftenreihe: | Pearson education
|
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis Klappentext |
| Zusammenfassung: | *"Why do Organizations exist?" " *""What is the relationship between markets and organizations?" " " *"When does one perform better than the other? " " " "The Answers: Economic Approaches to Organizations. " " " "Now in its fourth edition, Economic Approaches to Organizations" "remains one of the few texts to emphasize the importance of economic issues and developments in the study of organizations and management. " " It explains in a non-technical way economic approaches such as behavioural theory of the firm, game theory, agency theory, transaction cost economics, economics of strategy and evolutionary approaches. This latest edition also shows how different economic approaches are applied in practice with a new Part III Applications. New to the fourth edition: * New part III Applications includes 3 new chapters on mergers and acquisitions, hybrid forms (like joint ventures, business groups and franchising) and corporate governance. * Step by- step conceptual framework to explain the fundamental economic approach to organizations is updated to include coverage of the environment and institutions.* Heavier emphasis on institutional and evolutionary perspectives is carried through the text as well as greater coverage of the resource based view of strategy and the introduction of the concept of dynamic capabilities. This is an ideal textbook for a course on Organization and Management from an economic perspective. The text can also be used as a supplement to a larger text on Organization and Management or Strategic Management. Economics students will benefit from a concise introduction to a field that is related, but all too often unexplored. Sytse Douma is professor of Business Administration at Tilburg University. Hein Schreuder is Executive Vice President of Corporate Strategy and Acquisitions at Royal DSM N.V., honorary professor of Business Economics at Maastricht University and Distinguished Visiting Professor at the China Europe International Business School in Shanghai |
| Beschreibung: | XVII, 416 S. Ill., graph. Darst. |
| ISBN: | 9780273681977 |
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Datensatz im Suchindex
| _version_ | 1820240336071426048 |
|---|---|
| adam_text |
Preface
xiii
Acknowledgements
xvi
Part I Foundations
ι
1
Markets and organizations
з
1.1
The economic problem
3
1.2
The division of labour
4
1.3
Specialization
7
1.4
Coordination
9
1.5
Markets and organizations
10
1.6
Information
14
1.7
The environment and institutions
16
1.8
Historical perspective
22
1.9
Summary: the conceptual framework of this book
23
1.10
Outline of the book
25
Questions
26
Suggested further reading
26
Notes
27
2
Markets
28
2.1
Introduction
28
2.2
Market interaction: analysis of demand and supply
29
2.3
The theory of demand
31
2.4
The theory of production
34
2.4.1
The production function
34
2.4.2
Profit maximization in competitive markets
36
2.4.3
The paradox of profits
39
2.5
Comments on standard
microeconomic
theory
39
2.6
Summary: how economic decisions are coordinated by
the market
42
Questions
44
Suggested further reading
44
Notes
44
Organizations
46
3.1
The world of organizations
46
3.2
Organizational coordination
47
3.3
Types of organizations
51
3.4
Organizational markets
56
3.5
Organized markets
57
3.6
Summary: how organizations achieve coordination
59
Questions
61
Suggested further reading
62
Notes
62
Information
63
4.1
Coordination and information
63
4.2
Hidden information
67
4.3
Hidden action
73
4.4
The value of information
76
4.5
Summary: information problems for markets and organizations
79
Questions
80
Suggested further reading
81
Notes
81
Game theory
82
5.1
Introduction
82
5.2
The coordination game
83
5.3
The entry game
87
5.4
Auctions
91
5.5
The prisoner's dilemma: single-stage and iterated
96
5.5.1
The single-stage prisoner's dilemma
96
5.5.2
The iterated prisoner's dilemma for many players
99
5.6
Evolutionary game theory
105
5.7
Summary: insights from game theory
110
Questions
112
Suggested further reading
113
Notes
113
Partii
Economic Approaches
115
б
Behavioural theory of the firm
117
6.1
Introduction
117
6.2
The firm as a coalition of participants
117
6.3
Organizational goals
121
6.3.1
Bargaining and organizational slack
121
6.3.2
Operational subgoals
122
8
6.4
Organizational expectations
124
6.5
Organizational choice
124
6.6
Summary: goals and decisionmaking within the firm in
behavioural theory
127
Questions
129
Suggested further reading
130
Agency theory
131
7.1
Introduction
131
7.2
Separation of ownership and control
132
7.3
Managerial behaviour and ownership structure in a world with
certainty and symmetrical information
134
7.3.1
Monitoring and bonding
139
7.4
Entrepreneurial firms and team production
140
7.5
The firm as a nexus of contracts
143
7.6
Theory of principal and agent
145
7.6.1
The principal can observe the agent's behaviour
(symmetrical information)
146
7.6.2
The principal cannot observe the agent's level of effort
(asymmetrical information)
149
7.6.3
The principal can observe a signal concerning the
agent's level of effort
152
7.6.4
Extending the model
153
7.6.5
Applying agency theory
154
7.7
Summary: agency relations between owners, managers
and employees
155
Questions
157
Suggested further reading
159
Notes
160
Transaction cost economics
161
8.1
Introduction
161
8.2
Behavioural assumptions: bounded rationality and opportunism
163
8.2.1
Bounded rationality
163
8.2.2
Opportunism
164
8.2.3
Atmosphere
167
8.2.4
The fundamental transformation
168
8.3
Dimensions of transactions
168
8.3.1
Asset specificity
168
8.3.2
Uncertainty/complexity
171
8.3.3
Frequency
171
8.3.4
Competition between organizational forms
171
8.4
Peer groups
173
8.4.1
Advantages of peer groups
173
8.4.2
Limitations
of peer groups
175
8.5
Simple hierarchies
175
8.5.1
Team production
175
8.5.2
Economies of communication and decisionmaking
176
8.5.3
Monitoring
176
8.6
Multistage hierarchies: U-form and M-form enterprises
177
8.7
Organizational markets
179
8.7.1
Markets for intermediate goods and services
179
8.7.2
Internal labour markets
179
8.7.3
Internal capital market
180
8.8
Markets and organizations: are these all there is?
181
8.8.1
Markets, bureaucracies and clans
182
8.8.2
The role of trust
183
8.8.3
Impersonal trust: institutions and reputation
185
8.9
Governance in a three-level schema
188
8.10
Summary: effect of transaction costs on choosing between
markets and organizations and organizational forms
189
Questions
191
Suggested further reading
192
Notes
193
9
Economic contributions to strategic management
194
194
196
201
204
204
207
210
210
211
214
216
218
218
218
221
221
222
222
226
226
229
230
9.1
Introduction
9.2
Industry analysis
9.3
Competitor analysis
9.4
Competitive strategy
9.5
Resource-based view of the firm
9.6
Dynamic capabilities
9.7
Move and counter move
9.7.1
The ice-cream-selling industry
9.7.2
Number of ice-cream stands
9.7.3
Commitment
9.7.4
Lessons from the ice-cream example
9.7.5
Spatial competition
9.7.6
Product competition
9.7.7
First mover advantages
9.7.8
Moving lessons
9.8
Vertical integration
9.8.1
Technological interdependence
9.8.2
Critical dimensions of transactions
9.9
Diversification
9.9.1
Related diversification
9.9.2
Unrelated diversification
9.10
Horizontal multinationalization
9.11
Summary: how economic analysis can contribute to the
formulation of competitive and corporate strategies
232
Questions
234
Suggested further reading
235
Notes
236
10
Evolutionary approaches to organizations
238
10.1
Introduction
238
10.2
Giraffes
238
10.3
Organizations and giraffes
240
10.4
Organizational ecology
243
10.5
An evolutionary theory of economic change
250
10.6
Comparison
255
10.7
The evolution of dynamic capabilities
258
10.8
Further developments
265
10.9
Summary: the evolutionary perspective
270
Questions
272
Suggested further reading
273
Notes
274
11
All in the family
277
11.1
Introduction
111
11.2
The basic conceptual framework
177
11.3
Family resemblances
278
11.3.1
Organizations and markets
278
11.3.2
Efficiency
279
11.3.3
Information
281
11.4
Family differences
282
11.4.1
Process versus content approaches
282
11.4.2
Static versus dynamic approaches
284
11.4.3
Levels of analysis
286
11.5
Summary: all in the family?
289
11.6
New developments: organizations as complex.
adaptive systems
291
Questions
300
Suggested further reading
300
Notes
300
Part III Applications
зоз
12
Mergers and acquisitions
зо5
12.1
Introduction
305
12.2
The significance of M&A
307
12.3
Success and failure of
M&A
transactions
310
12.4
Strategy, acquisitions and hidden information
312
12.5
Auctions
314
12.6
The winner's curse and hubris
318
12.7
Adverse selection: remedies for hidden information
321
12.7.1
Organizational solutions
322
12.7.2
Market solutions
323
12.8
Moral hazard: remedies for hidden action
325
12.9
Transaction specificity and hold-up
328
12.10
Alignment of managers and shareholders
330
12.11
Summary: economic approaches to M&A
333
Questions
334
Suggested further reading
335
Notes
336
13
Hybrid forms
зз8
13.1
Introduction
338
13.2
Long-term relations between buyers and suppliers
340
13.3
Joint ventures
342
13.4
Business groups
344
13.4.1
Types of business groups
346
13.4.2
Coordination within business groups
347
13.4.3
Why do business groups exist?
349
13.4.4
The development of business groups
352
13.5
Informal networks
354
13.6
Franchising
356
13.6.1
Why does franchising exist?
356
13.6.2
Resource scarcity thesis
356
13.6.3
Administrative efficiency thesis
357
13.7
Comparing several hybrid forms
359
13.8
Summary: hybrid forms as governance structures between
ideal markets and ideal organizations
360
Questions
361
Suggested further reading
362
Notes
362
14
Corporate governance
364
14.1
Introduction
364
14.2
The first public company
367
14.3
The use of incentive contracts
371
14.3.1
Cash bonuses
371
14.3.2
Share plans
371
14.3.3
Stock options
372
14.3.4
Temporary contracts
372
14.3.5
Factors
outside a manager's
control
373
14.3.6
Incentives that are too strong
374
14.3.7
Incentives that lead to wrong decisions
374
14.3.8
Ubiquity and usefulness of incentives
375
14.4
Internal monitoring
376
14.4.1
Monitoring by shareholder(s)
376
14.4.2
The role of the Board of directors
377
14.4.3
Monitoring by non-executive Board members in a
one-tier Board
377
14.4.4
The two-tier Board system
378
14.5
External monitoring
379
14.5.1
Monitoring by audit firms
379
14.5.2
Monitoring by stock analysts
380
14.5.3
Monitoring by debt holders
380
14.6
How markets constrain agency costs
381
14.6.1
Competition in the product market
381
14.6.2
Competition in the managerial labour market
381
14.6.3
Competition in the stock market
382
14.6.4
Competition in the market for corporate control
382
14.7
Institutional frameworks: market-orientated and
network-orientated systems of corporate governance
385
14.7.1
Market-orientated systems of corporate governance
385
14.7.2
Network-orientated systems of corporate governance
388
14.7.3
A comparison of the two corporate governance
systems
390
14.8
The evolution of different corporate governance systems in
the world
392
14.9
Summary: how the agency problems of corporate governance
can be reduced by organizational and/or market solutions
394
Questions
394
Suggested further reading
395
Notes
395
References
396
Index
410
Now in its fourth edition, Economic Approaches to Organizations remains one of the few texts to emphasize the
importance of economic issues and developments in the study of organizations and management.
It explains in a non-technical way economic approaches such as behavioural theory of the firm, game
theory, agency theory, transaction cost economics, economics of strategy and evolutionary approaches.
This latest edition also shows how different economic approaches are applied in practice with a new
Part III Applications.
New to the fourth edition;
•
New Part III Applications that includes three new chapters on mergers and acquisitions, hybrid
forms (for example, joint ventures, business groups and franchising) and corporate governance.
•
Step-by-step conceptual framework to explain the fundamental economic approach
to organizations is updated to include coverage of the environment and institutions.
•
Heavier emphasis on institutional and evolutionary perspectives throughout the
text as well as greater coverage of the resource-based view of strategy and the
introduction of the concept of dynamic capabilities.
This is an ideal textbook for a course on Organization and Management from an economic perspective.
The text can also be used as a supplement to a larger text on Organization and Management or Strategic
Management. Economics students will benefit from a concise introduction to a field that is related, but
all too often unexplored. |
| adam_txt |
Preface
xiii
Acknowledgements
xvi
Part I Foundations
ι
1
Markets and organizations
з
1.1
The economic problem
3
1.2
The division of labour
4
1.3
Specialization
7
1.4
Coordination
9
1.5
Markets and organizations
10
1.6
Information
14
1.7
The environment and institutions
16
1.8
Historical perspective
22
1.9
Summary: the conceptual framework of this book
23
1.10
Outline of the book
25
Questions
26
Suggested further reading
26
Notes
27
2
Markets
28
2.1
Introduction
28
2.2
Market interaction: analysis of demand and supply
29
2.3
The theory of demand
31
2.4
The theory of production
34
2.4.1
The production function
34
2.4.2
Profit maximization in competitive markets
36
2.4.3
The paradox of profits
39
2.5
Comments on standard
microeconomic
theory
39
2.6
Summary: how economic decisions are coordinated by
the market
42
Questions
44
Suggested further reading
44
Notes
44
Organizations
46
3.1
The world of organizations
46
3.2
Organizational coordination
47
3.3
Types of organizations
51
3.4
Organizational markets
56
3.5
Organized markets
57
3.6
Summary: how organizations achieve coordination
59
Questions
61
Suggested further reading
62
Notes
62
Information
63
4.1
Coordination and information
63
4.2
Hidden information
67
4.3
Hidden action
73
4.4
The value of information
76
4.5
Summary: information problems for markets and organizations
79
Questions
80
Suggested further reading
81
Notes
81
Game theory
82
5.1
Introduction
82
5.2
The coordination game
83
5.3
The entry game
87
5.4
Auctions
91
5.5
The prisoner's dilemma: single-stage and iterated
96
5.5.1
The single-stage prisoner's dilemma
96
5.5.2
The iterated prisoner's dilemma for many players
99
5.6
Evolutionary game theory
105
5.7
Summary: insights from game theory
110
Questions
112
Suggested further reading
113
Notes
113
Partii
Economic Approaches
115
б
Behavioural theory of the firm
117
6.1
Introduction
117
6.2
The firm as a coalition of participants
117
6.3
Organizational goals
121
6.3.1
Bargaining and organizational slack
121
6.3.2
Operational subgoals
122
8
6.4
Organizational expectations
124
6.5
Organizational choice
124
6.6
Summary: goals and decisionmaking within the firm in
behavioural theory
127
Questions
129
Suggested further reading
130
Agency theory
131
7.1
Introduction
131
7.2
Separation of ownership and control
132
7.3
Managerial behaviour and ownership structure in a world with
certainty and symmetrical information
134
7.3.1
Monitoring and bonding
139
7.4
Entrepreneurial firms and team production
140
7.5
The firm as a nexus of contracts
143
7.6
Theory of principal and agent
145
7.6.1
The principal can observe the agent's behaviour
(symmetrical information)
146
7.6.2
The principal cannot observe the agent's level of effort
(asymmetrical information)
149
7.6.3
The principal can observe a signal concerning the
agent's level of effort
152
7.6.4
Extending the model
153
7.6.5
Applying agency theory
154
7.7
Summary: agency relations between owners, managers
and employees
155
Questions
157
Suggested further reading
159
Notes
160
Transaction cost economics
161
8.1
Introduction
161
8.2
Behavioural assumptions: bounded rationality and opportunism
163
8.2.1
Bounded rationality
163
8.2.2
Opportunism
164
8.2.3
Atmosphere
167
8.2.4
The fundamental transformation
168
8.3
Dimensions of transactions
168
8.3.1
Asset specificity
168
8.3.2
Uncertainty/complexity
171
8.3.3
Frequency
171
8.3.4
Competition between organizational forms
171
8.4
Peer groups
173
8.4.1
Advantages of peer groups
173
8.4.2
Limitations
of peer groups
175
8.5
Simple hierarchies
175
8.5.1
Team production
175
8.5.2
Economies of communication and decisionmaking
176
8.5.3
Monitoring
176
8.6
Multistage hierarchies: U-form and M-form enterprises
177
8.7
Organizational markets
179
8.7.1
Markets for intermediate goods and services
179
8.7.2
Internal labour markets
179
8.7.3
Internal capital market
180
8.8
Markets and organizations: are these all there is?
181
8.8.1
Markets, bureaucracies and clans
182
8.8.2
The role of trust
183
8.8.3
Impersonal trust: institutions and reputation
185
8.9
Governance in a three-level schema
188
8.10
Summary: effect of transaction costs on choosing between
markets and organizations and organizational forms
189
Questions
191
Suggested further reading
192
Notes
193
9
Economic contributions to strategic management
194
194
196
201
204
204
207
210
210
211
214
216
218
218
218
221
221
222
222
226
226
229
230
9.1
Introduction
9.2
Industry analysis
9.3
Competitor analysis
9.4
Competitive strategy
9.5
Resource-based view of the firm
9.6
Dynamic capabilities
9.7
Move and counter move
9.7.1
The ice-cream-selling industry
9.7.2
Number of ice-cream stands
9.7.3
Commitment
9.7.4
Lessons from the ice-cream example
9.7.5
Spatial competition
9.7.6
Product competition
9.7.7
First mover advantages
9.7.8
Moving lessons
9.8
Vertical integration
9.8.1
Technological interdependence
9.8.2
Critical dimensions of transactions
9.9
Diversification
9.9.1
Related diversification
9.9.2
Unrelated diversification
9.10
Horizontal multinationalization
9.11
Summary: how economic analysis can contribute to the
formulation of competitive and corporate strategies
232
Questions
234
Suggested further reading
235
Notes
236
10
Evolutionary approaches to organizations
238
10.1
Introduction
238
10.2
Giraffes
238
10.3
Organizations and giraffes
240
10.4
Organizational ecology
243
10.5
An evolutionary theory of economic change
250
10.6
Comparison
255
10.7
The evolution of dynamic capabilities
258
10.8
Further developments
265
10.9
Summary: the evolutionary perspective
270
Questions
272
Suggested further reading
273
Notes
274
11
All in the family
277
11.1
Introduction
111
11.2
The basic conceptual framework
177
11.3
Family resemblances
278
11.3.1
Organizations and markets
278
11.3.2
Efficiency
279
11.3.3
Information
281
11.4
Family differences
282
11.4.1
Process versus content approaches
282
11.4.2
Static versus dynamic approaches
284
11.4.3
Levels of analysis
286
11.5
Summary: all in the family?
289
11.6
New developments: organizations as complex.
adaptive systems
291
Questions
300
Suggested further reading
300
Notes
300
Part III Applications
зоз
12
Mergers and acquisitions
зо5
12.1
Introduction
305
12.2
The significance of M&A
307
12.3
Success and failure of
M&A
transactions
310
12.4
Strategy, acquisitions and hidden information
312
12.5
Auctions
314
12.6
The winner's curse and hubris
318
12.7
Adverse selection: remedies for hidden information
321
12.7.1
Organizational solutions
322
12.7.2
Market solutions
323
12.8
Moral hazard: remedies for hidden action
325
12.9
Transaction specificity and hold-up
328
12.10
Alignment of managers and shareholders
330
12.11
Summary: economic approaches to M&A
333
Questions
334
Suggested further reading
335
Notes
336
13
Hybrid forms
зз8
13.1
Introduction
338
13.2
Long-term relations between buyers and suppliers
340
13.3
Joint ventures
342
13.4
Business groups
344
13.4.1
Types of business groups
346
13.4.2
Coordination within business groups
347
13.4.3
Why do business groups exist?
349
13.4.4
The development of business groups
352
13.5
Informal networks
354
13.6
Franchising
356
13.6.1
Why does franchising exist?
356
13.6.2
Resource scarcity thesis
356
13.6.3
Administrative efficiency thesis
357
13.7
Comparing several hybrid forms
359
13.8
Summary: hybrid forms as governance structures between
ideal markets and ideal organizations
360
Questions
361
Suggested further reading
362
Notes
362
14
Corporate governance
364
14.1
Introduction
364
14.2
The first public company
367
14.3
The use of incentive contracts
371
14.3.1
Cash bonuses
371
14.3.2
Share plans
371
14.3.3
Stock options
372
14.3.4
Temporary contracts
372
14.3.5
Factors
outside a manager's
control
373
14.3.6
Incentives that are too strong
374
14.3.7
Incentives that lead to wrong decisions
374
14.3.8
Ubiquity and usefulness of incentives
375
14.4
Internal monitoring
376
14.4.1
Monitoring by shareholder(s)
376
14.4.2
The role of the Board of directors
377
14.4.3
Monitoring by non-executive Board members in a
one-tier Board
377
14.4.4
The two-tier Board system
378
14.5
External monitoring
379
14.5.1
Monitoring by audit firms
379
14.5.2
Monitoring by stock analysts
380
14.5.3
Monitoring by debt holders
380
14.6
How markets constrain agency costs
381
14.6.1
Competition in the product market
381
14.6.2
Competition in the managerial labour market
381
14.6.3
Competition in the stock market
382
14.6.4
Competition in the market for corporate control
382
14.7
Institutional frameworks: market-orientated and
network-orientated systems of corporate governance
385
14.7.1
Market-orientated systems of corporate governance
385
14.7.2
Network-orientated systems of corporate governance
388
14.7.3
A comparison of the two corporate governance
systems
390
14.8
The evolution of different corporate governance systems in
the world
392
14.9
Summary: how the agency problems of corporate governance
can be reduced by organizational and/or market solutions
394
Questions
394
Suggested further reading
395
Notes
395
References
396
Index
410
Now in its fourth edition, Economic Approaches to Organizations remains one of the few texts to emphasize the
importance of economic issues and developments in the study of organizations and management.
It explains in a non-technical way economic approaches such as behavioural theory of the firm, game
theory, agency theory, transaction cost economics, economics of strategy and evolutionary approaches.
This latest edition also shows how different economic approaches are applied in practice with a new
Part III Applications.
New to the fourth edition;
•
New Part III Applications that includes three new chapters on mergers and acquisitions, hybrid
forms (for example, joint ventures, business groups and franchising) and corporate governance.
•
Step-by-step conceptual framework to explain the fundamental economic approach
to organizations is updated to include coverage of the environment and institutions.
•
Heavier emphasis on institutional and evolutionary perspectives throughout the
text as well as greater coverage of the resource-based view of strategy and the
introduction of the concept of dynamic capabilities.
This is an ideal textbook for a course on Organization and Management from an economic perspective.
The text can also be used as a supplement to a larger text on Organization and Management or Strategic
Management. Economics students will benefit from a concise introduction to a field that is related, but
all too often unexplored. |
| any_adam_object | 1 |
| any_adam_object_boolean | 1 |
| author | Douma, Sytse Schreuder, Hein |
| author_facet | Douma, Sytse Schreuder, Hein |
| author_role | aut aut |
| author_sort | Douma, Sytse |
| author_variant | s d sd h s hs |
| building | Verbundindex |
| bvnumber | BV023356545 |
| classification_rvk | QC 131 QP 340 |
| classification_tum | WIR 530f WIR 043f |
| ctrlnum | (OCoLC)473753239 (DE-599)BVBBV023356545 |
| discipline | Wirtschaftswissenschaften |
| discipline_str_mv | Wirtschaftswissenschaften |
| edition | 4. ed. |
| format | Book |
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| id | DE-604.BV023356545 |
| illustrated | Illustrated |
| index_date | 2024-07-02T21:07:21Z |
| indexdate | 2025-01-03T15:00:56Z |
| institution | BVB |
| isbn | 9780273681977 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-016540078 |
| oclc_num | 473753239 |
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| owner | DE-739 DE-384 DE-706 DE-11 |
| owner_facet | DE-739 DE-384 DE-706 DE-11 |
| physical | XVII, 416 S. Ill., graph. Darst. |
| publishDate | 2008 |
| publishDateSearch | 2008 |
| publishDateSort | 2008 |
| publisher | Prentice Hall |
| record_format | marc |
| series2 | Pearson education |
| spelling | Douma, Sytse Verfasser aut Economic approaches to organizations Sytse Douma ; Hein Schreuder 4. ed. Harlow [u.a.] Prentice Hall 2008 XVII, 416 S. Ill., graph. Darst. txt rdacontent n rdamedia nc rdacarrier Pearson education *"Why do Organizations exist?" " *""What is the relationship between markets and organizations?" " " *"When does one perform better than the other? " " " "The Answers: Economic Approaches to Organizations. " " " "Now in its fourth edition, Economic Approaches to Organizations" "remains one of the few texts to emphasize the importance of economic issues and developments in the study of organizations and management. " " It explains in a non-technical way economic approaches such as behavioural theory of the firm, game theory, agency theory, transaction cost economics, economics of strategy and evolutionary approaches. This latest edition also shows how different economic approaches are applied in practice with a new Part III Applications. New to the fourth edition: * New part III Applications includes 3 new chapters on mergers and acquisitions, hybrid forms (like joint ventures, business groups and franchising) and corporate governance. * Step by- step conceptual framework to explain the fundamental economic approach to organizations is updated to include coverage of the environment and institutions.* Heavier emphasis on institutional and evolutionary perspectives is carried through the text as well as greater coverage of the resource based view of strategy and the introduction of the concept of dynamic capabilities. This is an ideal textbook for a course on Organization and Management from an economic perspective. The text can also be used as a supplement to a larger text on Organization and Management or Strategic Management. Economics students will benefit from a concise introduction to a field that is related, but all too often unexplored. Sytse Douma is professor of Business Administration at Tilburg University. Hein Schreuder is Executive Vice President of Corporate Strategy and Acquisitions at Royal DSM N.V., honorary professor of Business Economics at Maastricht University and Distinguished Visiting Professor at the China Europe International Business School in Shanghai Managerial economics Unternehmenstheorie (DE-588)4078614-6 gnd rswk-swf Organisationstheorie (DE-588)4121434-1 gnd rswk-swf Wirtschaftstheorie (DE-588)4079351-5 gnd rswk-swf Organisation (DE-588)4043774-7 gnd rswk-swf Unternehmenstheorie (DE-588)4078614-6 s Organisation (DE-588)4043774-7 s DE-604 Wirtschaftstheorie (DE-588)4079351-5 s 1\p DE-604 Organisationstheorie (DE-588)4121434-1 s 2\p DE-604 Schreuder, Hein Verfasser aut Digitalisierung UB Passau application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016540078&sequence=000003&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis Digitalisierung UB Passau application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016540078&sequence=000004&line_number=0002&func_code=DB_RECORDS&service_type=MEDIA Klappentext 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk 2\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Douma, Sytse Schreuder, Hein Economic approaches to organizations Managerial economics Unternehmenstheorie (DE-588)4078614-6 gnd Organisationstheorie (DE-588)4121434-1 gnd Wirtschaftstheorie (DE-588)4079351-5 gnd Organisation (DE-588)4043774-7 gnd |
| subject_GND | (DE-588)4078614-6 (DE-588)4121434-1 (DE-588)4079351-5 (DE-588)4043774-7 |
| title | Economic approaches to organizations |
| title_auth | Economic approaches to organizations |
| title_exact_search | Economic approaches to organizations |
| title_exact_search_txtP | Economic approaches to organizations |
| title_full | Economic approaches to organizations Sytse Douma ; Hein Schreuder |
| title_fullStr | Economic approaches to organizations Sytse Douma ; Hein Schreuder |
| title_full_unstemmed | Economic approaches to organizations Sytse Douma ; Hein Schreuder |
| title_short | Economic approaches to organizations |
| title_sort | economic approaches to organizations |
| topic | Managerial economics Unternehmenstheorie (DE-588)4078614-6 gnd Organisationstheorie (DE-588)4121434-1 gnd Wirtschaftstheorie (DE-588)4079351-5 gnd Organisation (DE-588)4043774-7 gnd |
| topic_facet | Managerial economics Unternehmenstheorie Organisationstheorie Wirtschaftstheorie Organisation |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016540078&sequence=000003&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016540078&sequence=000004&line_number=0002&func_code=DB_RECORDS&service_type=MEDIA |
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