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(More customer reviews)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.
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"Managerial Economics and Organizational Architecture, 5e" helps the student to gain an understanding of the basic tools of economics used to solve important business problems. It also provides an in-depth analysis of the firm and corporate governance topics. The fifth edition has an improved focus on decision-making and managerial applications, within the structure of an organization.
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