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Economic Approaches to Organisations (Financial Times)
 
 
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Economic Approaches to Organisations (Financial Times) [Paperback]

Prof Sytse Douma , Prof Hein Schreuder

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Economic Approaches to Organizationsis one of the few texts to place any emphasis on the importance of economic issues and developments in the study of organizations and management. It explains in a non-technical way the behavioural theory of the firm, game theory, agency theory, transaction cost economics, economic contributions to strategic management, and evolutionary approaches. This text is suitable for students of Organization, Management and Economics alike. It makes the ideal supplement to a larger text on Organizations or Strategic Management as well providing a concise introduction for economic students to the analysis of organizations from an economic perspective.

From the Back Cover

  • 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.

 

 

 

 

 

 


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Amazon.com:  2 reviews
2 of 2 people found the following review helpful
Business Approaches to Organizations 16 July 2003
By Christian Roessler - Published on Amazon.com
Format:Paperback
This is a collection of theories from the business literature about the behavior of people in organizations and the organizational forms it engenders. In addition, a gentle introduction to economic concepts from choice theory and game theory is given. The book does not really achieve a synthesis of the different ideas presented, even though the authors attempt to tie the approaches together in the chapter introductions and the (weak) conclusion. Deeper insights are perhaps not possible at this level of presentation. Redeeming features are the clear and readable exposition of each theory, and the well-chosen examples. The book works well as an initial primer for economists about business research on organizations and strategic management. For this purpose, I would recommend it, since the coverage is fairly complete and, though not formal, cogent and to-the-point.
2 of 2 people found the following review helpful
Clear explanations, a great book! 26 July 2000
By barbara - Published on Amazon.com
Format:Textbook Binding
This book covers the different economic approaches to organizations, such as behavioral theory, agency theory, transaction cost economics, economic contributions to strategic management and evolutionary theory. It's a great, not too technical economic work. This book assumes no previous knowledge of economics, which makes it ideal for students. It is backed up by clear examples from day-to-day business life. The only minor point to this work is its rather dull outlook. Still, I would recommend it!

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