Item description for Designing Organizations to Create Value: From Strategy to Structure by Jerold Zimmerman, James Brickley & Clifford Smith...
A three-pronged strategy for dramatically increasing organizational performance and value
Business leaders today need more than fads and buzzwords to beat the competition; they need a solid organizational architecture for identifying and resolving the problems that prevent companies from reaching their full potential. "Designing Organizations to Create Value "outlines just such a framework, providing executives with the tools they need to build a balanced, functional organization--one that helps ensure the success of the business as it lays the groundwork for increased firm value. This practical, sensible book, based on the author's bestselling college classic, follows a step-by-step process for identifying the critical aspects of an organization's internal structure and taking the appropriate actions to address them and lead the organization to greatness. That process, adaptable to virtually any
organization or organizational structure, details: Assignment of decision-making rights Rewarding individuals Evaluating performance
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More About Jerold Zimmerman, James Brickley & Clifford Smith
James A. Brickley, Ph.D., is the Gleason Professor of Business Administration at the University of Rochester's Simon Graduate School of Business. He has coauthored a number of influential books, and his work has appeared in numerous professional journals, including The Journal of Business and The Journal of Finance.
Clifford W. Smith, Jr., Ph.D., is the Louise and Henry Epstein Professor of Business Administration at the Simon Graduate School of Business. He is the author or coauthor of more than a dozen books and numerous journal articles and has served as an economist with the Securities and Exchange Commission.
Jerold L. Zimmerman, Ph.D., is the Ronald L. Bittner Professor of Business Administration at the Simon Graduate School of Business. The author or coauthor of several books, he is a founding editor of the Journal of Accounting and Economics and has (along with coauthors Brickley and Smith) extensive corporate consulting experience.
Janice Willett is a senior manuscript editor with the Journal of Financial Economics and associate editor of the Journal of Applied Corporate Finance.
Jerold Zimmerman has an academic affiliation as follows - UNIV OF ROCHESTER.
Reviews - What do customers think about Designing Organizations to Create Value: From Strategy to Structure?
Organization theory made understandable Jul 29, 2003
This book is a shorter and very readable version of the authors' well-known textbook. It provides a highly useful and straightforward framework for thinking about strategy and organizational issues, and describes how and why a company's organizational structure must dovetail with its strategic objectives in order to ensure long-term value creation. It identifies three key elements of any organizational structure--decision authority, performance evaluation, and compensation--and illustrates with numerous real-life examples how these elements must be coordinated for an effective organizational structure, and what happens when they are out of synch (e.g., Enron). Some of the examples are a little outdated (presumably from the textbook), but they make the point.
The book highlights the tradeoffs between centralization and decentralization and between incentive pay and straight compensation, and discusses how to evaluate those tradeoffs. It even shows how corporate ethics can be fostered through the three-element system. Each chapter starts with an executive summary, which aids the readability. Unlike other books on organizational approaches, there are not a lot of pat answers here, but there is a lot of food for thought at every level of management.