This paper compares centralized and decentralized coordination when managers are privately informed and communicate strategically. We consider a multidivisional organization in which decisions must be adapted to local conditions but also coordinated with each other. Information about local...

Despite the reunification of Germany more than 15 years ago, substantial differences remain between the regions that once comprised the market-driven West and the socialist, centrally planned East. Although today’s Eastern German economy is less competitive than the Western German economy,...

During the past, the evaluation of the chances of economic transformation and development of Eastern Europe was largely shaped by the view on the modernization and organizational restructuring of large enterprises/combines. Various scholars were sceptical how far these could contribute to a...

The basic financial purpose of a firm is to maximize its value. An inventory management system should also contribute to realization of this basic aim. Many current asset management models currently found in financial management literature were constructed with the assumption of book profit...

Issues of European companies' effectiveness in the conditions of an unstable world economic situation became a priority for all managers. The economic crisis caught many managers unawares and made economic agents of the European market face new major problems on formation of instruments of...

This study investigates the instruments used by governments in order to support renewable energy sources in the European Union. The findings of this study reveal that policy goals could be achieved by using a large variety of instruments. The study was ca

The importance of teamwork on patient safety in healthcare has been well established. However, the theory and research of healthcare teams are seriously lacking in clinical application. While conventional team theory assumes that teams are stable and leadership is constant, a growing body of...

Kalite Fonksiyon Gocerimi (KFG) musteri ihtiyac, istek ve beklentilerini tanimlayarak, bu ihtiyaclar ile uyumlu urun ve hizmet gelistirmede kullanilmak uzere gelistirilmis, Toplam Kalite felsefesini benimseyen firmalarda uygulama imkani bulabilen ve pazarda rekabet etme avantaji saglayan en...

Tedarik zincirlerinin degisen pazarlara ve musteri isteklerine uyum yeteneginin olcusu tedarik zinciri esnekligi olarak adlandirilmaktadir. Rekabet gucunu arttirmak ve korumak isteyen tedarik zincirlerinin, esneklik duzeylerini gelistirmeleri gerekmektedir. Yazinda esneklik kavrami cogunlukla...

The dynamic choice between individual and social learning is explored for a population of autonomous agents whose objective is to find solutions to a stream of related problems. The probability that an agent is in the individual learning mode, as opposed to the social learning mode, evolves over...