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We propose a stylized model of a problem-solving organization whose internal communication structure is given by a fixed network. Problems arrive randomly anywhere in this network and must find their way to their respective "specialized solvers" by relying on local information alone. The...
Persistent link: https://www.econbiz.de/10011324954
We study the optimal hierarchical structure of an organization under limited commitment. The organization cannot make a long term commitment to wages and output levels, while it can commit to its hierarchical structure. We show that the optimal hierarchical structure is horizontal when it is...
Persistent link: https://www.econbiz.de/10010333880
This paper examines characteristics and limitations of past and current manufacturing organizations, and it extends their frontiers by proposing technological, managerial and organizational capabilities which configure the new face of the industrial organization in the 21st century. From such an...
Persistent link: https://www.econbiz.de/10010368696
We study an organization with a top management (principal) and multiple subunits (agents) with private information that determine the organization\'s aggregate efficiency. Under centralization, eliciting the agents\' private information may induce the principal to manipulate aggregate...
Persistent link: https://www.econbiz.de/10011932970
In this paper we study job design. Will an organization plan precisely how the job is to be done ex ante, or ask workers to determine the process as they go? We first model this decision and predict complementarity between these job attributes: multitasking, discretion, skills, and...
Persistent link: https://www.econbiz.de/10010262638
Organizations are currently facing increasingly dynamic environments that require fast action in high-velocity settings. Recent research on dynamic capabilities purports that organizations need to build these capabilities to successfully confront increasing uncertainty. Among these capabilities,...
Persistent link: https://www.econbiz.de/10009450571
In this interview with Professor James G. March, we focused on the key insights stemming from his work, with a special emphasis on the lessons for organization science and organization design. We discussed the major ideas and theories that he and his coauthors generated over the several decades...
Persistent link: https://www.econbiz.de/10012217687