Sytse Douma, Hein Schreuder

Economic Approaches to Organization (eBook, ePUB)

• Format: ePub

Produktbeschreibung

Understand the link between management and economics with this unique text.

Economic Approaches to Organizations, 6th edition, by Sytse Douma and Hein Schreuder, walks you through different economic approaches in a non-technical way, making it widely accessible. Emphasising the importance of economic issues and developments in the study of organisations and management, the text explores topics such as behavioural theory of the firm, game theory, agency theory, transaction cost economics, the economics of strategy and evolutionary approaches.

The book is unique in the market in its attempt to make the link between management and economics, using practical examples throughout to help you understand how the concepts relate to economic and organisational issues in the world today.

The 6th edition is packed with updated examples taken from real life and includes new chapters and sections, like a separate chapter on behavioural economics that covers bounds on rationality and self-interest as well as prospect theory.

Benefit from the features this edition has to offer:

• Use of empirical results and real-world data
• A step-by-step conceptual framework to explain fundamental economic approaches to organisations.
• Real-life examples.
• End-of-chapter questions.
• Quotations.
• Diagrams.
• Further reading and study.
• A range of cases with a global link.

With its unique perspective and range of learning features, this text will provide you with a practical understanding of economic approaches used in organisations today.

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Produktdetails

• Verlag: Pearson HigherEducation
• Seitenzahl: 400
• Altersempfehlung: ab 18 Jahre
• Erscheinungstermin: 7. April 2017
• Englisch
• ISBN-13: 9781292128955
• Artikelnr.: 56954961

Autorenporträt

Sytse Douma is professor of business administration at Tilburg University.

Hein Schreuder was executive vice president of corporate strategy and acquistitions at Royal DSM N.V. until 2012. He is honorary professor of business economics at Maastricht University and board member of the Vlerick Business School in Belgium.

Inhaltsangabe

* Preface xi
* Acknowledgements xv
Part I Foundations
1. Markets and organizations
* 1.1 The economic problem
* 1.2 The division of labour
* 1.3 Specialization
* 1.4 Coordination
* 1.5 Markets and organizations
* 1.6 Information
* 1.7 The environment and institutions
* 1.8 Historical perspective
* 1.9 Summary: the conceptual framework of this book
* 1.10 Outline of the book
* Questions
* Notes
2. Markets
* 2.1 Introduction
* 2.2 Market interaction: analysis of demand and supply
* 2.3 Decision-making by consumers
* 2.4 Decision-making by producers
* 2.5 Market coordination
* 2.6 The paradox of profits
* 2.7 Competitive markets
* 2.8 The main assumptions underlying standard microeconomic theory
* 2.9 Summary: how according to standard microeconomic theory decisions
are coordinated by the market
* Questions
3. Organizations
* 3.1 The world of organizations
* 3.2 Organizational coordination
* 3.3 Types of organizations
* 3.4 Organizational markets
* 3.5 Organized markets
* 3.6 The rise of the Internet and the digitization of organizations
* 3.7 Digital platforms: a new coordination mechanism
* 3.8 The Platform Organization
* 3.9 Summary: how organizations achieve coordination
* Questions
* Notes
4. Information
* 4.1 Coordination and information
* 4.2 Hidden information
* 4.3 Hidden action
* 4.4 The value of information
* 4.5 Information as an economic good
* 4.6 Summary: information problems for markets and organizations
* Questions
* Notes
5. Game theory
* 5.1 Introduction
* 5.2 The prisoner's dilemma
* 5.3 Coordination games
* 5.4 The entry game
* 5.5 The iterated prisoner's dilemma
* 5.6 Auctions
* 5.7 Evolutionary game theory
* 5.8 Summary: insights from game theory
* Questions
6. Econs and Humans
* 6.1 Introduction
* 6.2 The social domain versus the economic domain
* 6.3 Economic, social and moral man: bounds on self-interest
* 6.4 Bounds on rationality
* 6.5 Prospect theory
* 6.6 Summary: behavioural economics
* Questions
Part II Economic Approaches
7. Behavioural theory of the firm
* 7.1 Introduction
* 7.2 The firm as a coalition of participants
* 7.3 Organizational goals
* 7.4 Organizational expectations
* 7.5 Organizational choice
* 7.6 From bounded rationality to behavioural economics
* 7.7 Summary: goals and decision-making within the firm in behavioural
theory
* Questions
* Notes
8. Agency theory
* 8.1 Introduction
* 8.2 Separation of ownership and control
* 8.3 Managerial behaviour and ownership structure
* 8.4 Entrepreneurial firms and team production
* 8.5 The firm as a nexus of contracts
* 8.6 Theory of principal and agent
* 8.7 Applying agency theory
* 8.8 Summary: agency relations between owners, managers and employees
* Questions
* Notes
9. Transaction cost economics
* 9.1 Introduction
* 9.2 Behavioural assumptions: bounded rationality and opportunism
* 9.3 Dimensions of transactions
* 9.4 Peer groups
* 9.5 Simple hierarchies
* 9.6 Multistage hierarchies: U-form and M-form enterprises
* 9.7 Organizational markets
* 9.8 Digitization and transaction costs
* 9.9 Markets and organizations: are these all there is?
* 9.10 Governance in a three-level schema
* 9.11 Summary: effect of transaction costs on choosing between markets
and organizations and organizational forms
* Questions
* Notes
10. Economic Contributions to business/competitive strategy
* 10.1 Introduction
* 10.2 Industry analysis
* 10.3 Competitor analysis
* 10.4 Competitive strategy
* 10.5 Resource-based view of the firm
* 10.6 Dynamic capabilities
* 10.7 Move and counter move
* 10.8Summary: how economic analysis can contribute to the formulation
of competitive strategies
* Questions
* Notes
11. Economic contributions to corporate strategy
* 11.1 Introduction
* 11.2 Unrelated diversification
* 11.3 Related diversification
* 11.4 Horizontal multi-nationalization
* 11.5 Vertical integration
* 11.6 Summary
* Questions
* Notes
12. Evolutionary approaches to organizations
* 12.1 Introduction
* 12.2 Giraffes
* 12.3 Organizations and giraffes
* 12.4 Organizational ecology
* 12.5 An evolutionary theory of economic change
* 12.6 Comparison
* 12.7 The evolution of dynamic capabilities
* 12.8 Further developments
* 12.9 Summary: the evolutionary perspective
* Questions
* Notes
13. All in the family
* 13.1 Introduction
* 13.2 The basic conceptual framework
* 13.3 Family resemblances
* 13.4 Family differences
* 13.5 Summary: all in the family?
* 13.6 Organizations as complex, adaptive systems
* Questions
* Notes
* Bibliography
* Index