Description - Designing Organizations to Create Value: From Strategy to Structure by Jerold Zimmerman
It takes more than the application of the latest buzzwords and managerial fads to beat the competition and increase the value of the firm. Following trends is fraught with problems, not the least of which is a tendency to isolate facets of the corporation targeted for improvement, failing to look at the big picture, and attempting to apply inappropriate structural or performance models to the organization. Instead, executives and managers who seek to lead their companies to greatness must incorporate a systematic framework to build effective organizations. Designing Organizations to Create Value provides that framework. Based on the 1 million dollar-selling MBA text Managerial Economics and Organizational Architecture, the authors offer a practical outline for identifying and resolving the organizational problems that prevent companies from achieving their full potential.
Proven authors Zimmerman, Smith, and Brickley provide a three-part framework that identifies the critical aspects of corporate organization: - Assignment of decision-making rights - Rewarding individuals - Evaluating performance Even though no two firms will adopt precisely the same architecture, successful firms understand the importance of coordinating these three critical aspects of organizational architecture. The authors liken organizational architecture to building the perfect three-legged stool: everything must be precisely balanced and functional for an organization to work as it should. With dot-com start-ups dropping like flies and old economy stalwarts looking to regain their luster, Designing Organizations to Create Value provides a surprisingly simple approach to ensuring that companies that follow this practical, sensible framework will have the edge they need to thrive. Designing Organizations to Create Value is the latest title in our model of adapting successful college texts for professional audiences.
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