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Managerial Economics and Organizational Architecture, by James A. Brickley, Clifford W. Smith, Jerold L. Zimmerman
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Brickley/Smith/Zimmerman's new approach to managerial economics takes models from recent economics research and applies this research to the internal structure of the firm. After teaching basic applied economics, the authors look inside the firm and apply this analysis to management decision making.
- Sales Rank: #5284156 in Books
- Published on: 2003-05
- Format: International Edition
- Original language: English
- Number of items: 1
- Dimensions: 10.00" h x 1.02" w x 6.97" l, 1.10 pounds
- Binding: Paperback
- 678 pages
About the Author
Jerry Zimmerman (Rochester, N) is Alumni Distinguished Professor of Accounting at the William E. Simon Graduate School of Business Administration, University of Rochester.
Most helpful customer reviews
6 of 6 people found the following review helpful.
An outstanding all-in-one guide to business management
By Edgetoedge
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.
10 of 13 people found the following review helpful.
Healthy Concepts
By A Customer
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
2 of 2 people found the following review helpful.
An Old Favorite Brought Up to Date
By John Matlock
This book has two real aspects.
First is is a good general introduction to economics that might be used at the upper undergraduate or MBA level. Note the title says that it is 'Managerial Economics.' This book is aimed at the student following a management track rather than a professional economics track. The concept of the book is to give an overview of all aspects of economic theory without a heavy concentration in any one particular area.
Second, this is the fourth edition of the book. This was made necessary because of the great changes that have occurred as a result of Enron, Arthur Anderson and the other companies that collectively made great changes in the business environment. One such change is the Sarbanes-Oxley Act of 2002, discussed at length here even though it is still too new to realize its full implications.
The case studies that are included reflect these new times: Arthur Anderson, Barings Bank, Interwest Healthcare, Property Right Security in Russian Deprivatization, eBay.com, iTunes, Wal-Mart.com and others that could come directly off of today's headlines.
This is a new and up-to-date edition of a well received book.
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