Customer Reviews

Managerial Economics and Organizational Architecture (Irwin Advantage Series for Computer Education)

5 star:		(5)
4 star:		(1)
3 star:		(1)
2 star:		(0)
1 star:		(2)

 

 

Besides being a well organized and example-packed textbook, I found Managerial Economics and Organizational Architecture to be a compact MBA refresher course -- and a useful reference for day-to-day problems. Thinking about business organizations as rational individuals responding to incentives and new information simply fits the facts. The three basic elements developed in this book allow managers to translate this logical thinking into operational decisions: allocating decision rights, measuring performance, and compensating individuals and groups. The power of this approach in analyzing common management problems equips the reader with a rich set of tools for identifying and solving them.

This book provides a broad, powerful, economics-based framework for examining a wide array of organizational problems--centralization vs decentralization, use of incentive compensation, establishing cost or profit centers. It is well organized, and the numerous examples from the business press help relate the analysis to practice. Because it is based on economics, it provides strong links to finance, accounting, and marketing.

I just loved the way each chapter started with a scenario from the history archives of actual firms that narrated a story which was directly linked to the contents of the chapter. Out of all the books that i read for my MBA, this book has been one of the better Management books, which i enjoyed reading. The ideas, theories and concepts in the book felt like eating a salad for lunch. It was light, easy to digest and healthy

It would be nice to receive the book if you pay for it, right?
You guys suck.

This is one of the most insightful approaches I have ever seen toward understanding behavior in organizations and organization structure. It's the best managerial economics text on the market. Very useful for thoughtful readers.

This book uses easy to understand economics to explain how organizations work. Real world examples illustrate the key concepts of how to structure incentive plans, how to design performance measures, and how to design the firm's orginization chart.

On page 313, the book says that the free-rider problems are smaller if the team spans several courses and students have more incentives to invest in their reputations. I cannot agree with the above statement. I think ,on the contrary, only in the last team work, the problem would be lessened.It's very similiar with the prisoner dilemma.As long as everyone knows the game goes on,there will be always some freerider. As the team member know that next time,s/he has to work with the same co-workers, s/he would not refuse to accept the lobbing. If the current project is the last one they are working on, they would give each other a fair evaluation. Though it may lead to break of the "harmony",but they needn't stand the fellow any longer after the last group work. I would like to discuss this issue with anyone.

A had to buy this book through my University but actually A had to buy another one to figure things out because this book is not only boring but also incomplete, biased, thin and expensive, not well illustrated... basically one of the worse book I've ever had!!!

Great overview of economics. Good for managers who want to know how to read economic forces, react to them, and how to use them.