We examine how retailers discount the prices of product systems versus their constituent components. The topic is important because such systems are ubiquitous in our daily lives. In particular, many high-tech markets revolve around complex multi-component systems – e.g. a camera system...

If producers have more information than consumers about goods’ attributes, then they may use non-price (rather than price) adjustment mechanisms and, consequently, the market may reach a new equilibrium even if prices remain sticky. We study a situation where producers adjust the quantity (per...

If producers have more information than consumers about goods' attributes, then they may use non-price (rather than price) adjustment mechanisms and, consequently, the market may reach a new equilibrium even if prices don't change. We study a situation where producers adjust the quantity per...

In this inaugural address the consequences of the new economy (the information economy) for research and education with respect to management and organization are explored. The information economy implies a shift from sociology based organization theory to economic organization theory, with...

New entrants very often spin out from established firms and because they set on a course at founding, their learning and capabilities become inextricably linked to their organizational and technological heritage. But while this heritage may provide an initial advantage, it can also generate...

This paper explores ways in which new ventures not only adapt to but can transform their own business environment. It proposes a new way to combine evolutionary and Penrosian resource-based theories. A parallel is drawn between the proactive response to resource shortfalls and under-use in the...

A central concern within the field of organizational design is the study of the relationship between structure, innovation and performance. The basic understanding is that decentralized structures appear best suited to promoting innovation and change. Yet this comes at the cost of efficiency....

Productivity is the optimum utilisation of resource to manufacture an acceptable product or services towards its target customers. This utilisation of resource is depends on the organisation culture. The culture is dependent on the ethos that the management practices. The satisfied employee will...

Why do well-established companies often lose managerial fidelity due to corporate scandals, and how do they restructure management to recover from corporate failures? In this study, we present a dynamic theory of management cycles by which firms endogenously switch between different management...

In the idealized world of theoretical microeconomics, in a perfect competition scenario, identical atomistic producers are assumed to be producing identical fungible goods and compete with each other on price, conceptually leapfrogging the sale price downwards (sometimes in one straight jump)...