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  • 1
    Online Resource
    Online Resource
    Why managers still matter (2014)
    Cambridge, MA : MIT
    Details
    Language: English
    Pages: 1 online resource (1 volume)
    Keywords: Performance ; Management ; Executives ; Electronic books ; Electronic books ; local
    Abstract: The Industrial Revolution brought the decline of small-scale, cottage production and the rise of large, integrated businesses; Adam Smith's invisible hand was replaced with what business historian Alfred D. Chandler Jr., called the "visible hand" of management. But now that pendulum appears to be swinging the other way - to a system of loose networks, virtual businesses and peer-to-peer interactions. A supposed hallmark of the new economy has been the decline of managerial authority. Management gurus, consultants and pundits have proclaimed that hierarchy is out. Modern organizations such as online retailer Zappos have come to favor flat hierarchies with widely distributed authority. And yet, given the demands of the current environment, authors Nicholai J. Foss and Peter G. Klein argue that managerial authority is still essential in situations where (1) decisions are time-sensitive; (2) key knowledge is concentrated within the management team; and (3) there is need for internal coordination. Such conditions, they observe, are also hallmarks of our networked, knowledge-intensive and hypercompetitive economy. While it is true that many knowledge workers no longer need a boss to direct them to tasks or monitor their day-to-day progress, the authors contend that the role of managers and the definition of "authority" needs to change. Managers need to move away from specifying methods and processes in favor of defining the principles they want people to apply or the goals they want people to meet. In other words, the main task for top management is to define and implement the organizational rules of the game. To be sure, procedures for defining rules and frameworks can themselves be delegated and nested. Indeed, when a company's key assets are knowledge workers whose skills and behaviors are difficult to assess objectively, companies will need to increasingly rely on more subjective assessments of performance, which must be carried out by managers.
    Note: Includes bibliographical references. - Description based on online resource; title from cover page (Safari, viewed April 27, 2015)
    URL: https://learning.oreilly.com/library/view/-/53863MIT56110/?ar
    Library Location Call Number Volume/Issue/Year Availability
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  • 2
    Online Resource
    Online Resource
    Rethinking hierarchy : we need to reconceive managerial authority for today's business environment, not eliminate it (2023)
    [Cambridge, Massachusetts] : MIT Sloan Management Review
    Details
    Language: English
    Pages: 1 online resource (8 pages) , illustrations
    Edition: [First edition].
    DDC: 658
    Keywords: Management
    Abstract: For all the hype around bossless companies, managerial authority and hierarchy are still the best ways to ensure coordination, cooperation, creativity, predictability, and accountability in large organizations. But authority and hierarchy must be aligned to a company’s specific needs. To fine-tune them, leaders should consider the need for speed in decision-making, the extent of employee knowledge, what knowledge is truly required, employee feelings of ownership, and procedural justice.
    Note: Reprint 64304. - Includes bibliographical references
    URL: lizenzpflichtig
    Library Location Call Number Volume/Issue/Year Availability
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    MPI Ethno. Forsch.
  • 3
    Online Resource
    Online Resource
    Entrepreneurship and the firm : Austrian perspectives on economic organization (2002)
    Cheltenham, U.K : Edward Elgar
    Details
    ISBN: 9781843767107
    Language: English
    Pages: 1 Online-Ressource (ix, 283 p) , ill
    Series Statement: Edward Elgar E-Book Archive
    Parallel Title: Available in another form
    Parallel Title: Elektronische Reproduktion von Entrepreneurship and the firm
    DDC: 338/.04
    RVK:
    QC 131
    RVK:
    QP 380
    Keywords: Entrepreneurship ; Theorie der Unternehmung ; Industrieökonomik ; Österreichische Schule ; Theorie ; Entrepreneurship ; Austrian school of economics ; Industrial organization (Economic theory) ; Electronic books ; Aufsatzsammlung ; Unternehmenstheorie ; Industrieökonomie ; Wiener Schule ; Industrieökonomie ; Wiener Schule ; Unternehmenstheorie
    Abstract: While characteristically "Austrian" themes such as entrepreneurship, economic calculation, tacit knowledge and the temporal structure of capital are clearly relevant to the business firm, Austrian economists have said relatively little about management, organization, and strategy. This innovative book features 12 chapters that all seek to advance the understanding of these issues by drawing on Austrian ideas
    Abstract: 1. Explaining firms / Brian J. Loasby -- 2. Modularity in technology and organization / Richard N. Langlois -- 3. Economic organization in the knowledge economy : an Austrian perspective / Nicolai J. Foss -- 4. Knowledge : a challenge for the Austrian theory of the firm / Pierre Garrouste -- 5. Schumpeter's and Kirzner's entrepreneur reconsidered : corporate entrepreneurship, subjectivism and the need for a theory of the firm / Wolfgang Gick -- 6. Economic organization and the trade-offs between productive and destructive entrepreneurship / Kirsten Foss and Nicolai J. Foss -- 7. Entrepreneurship, contracts and the corporate firm : Austrian insights on the contractual nature of business organization / Stavros Ioannides -- 8. Costs of contracting, psychology of entrepreneurship and capabilities of firms / Martti Vihanto -- 9. Do entrepreneurs make predictable mistakes? : evidence from corporate divestitures / Peter G. Klein and Sandra K. Klein -- 10. Telecommunications mergers and theories of the firm -- 11. Rents and resources : a market process perspective / Jerry Ellig -- 11. Rents and resources : a market process perspective / Peter Lewin and Steven E. Phelan -- 12. Resource-advantage theory and Austrian economics / Shelby Hunt
    Note: Includes bibliographical references and index
    DOI: 10.4337/9781843767107
    URL: Volltext
    URL: Deutschlandweit zugänglich
    URL: Deutschlandweit zugänglich
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    MPI Ethno. Forsch.
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