Efficient Organizational Design (eBook)

Balancing Incentives and Power

M. Weiss (Autor)

eBook Download: PDF

2007 | 2007
XVII, 323 Seiten
Palgrave Macmillan UK (Verlag)
978-0-230-28795-2 (ISBN)

Infos

This book investigates how organizations can be designed for efficiency. Strategy, structure, boundaries and the governance of organizations are analyzed for any interdependencies within or between them and synthesised to a consistent system. Case studies illustrate the application of the theory of organizational design.

Autor

MARCO WEISS is a research fellow at the Wilhelm Merton-Chair at the University of Frankfurt. He has published several articles about organizational design in various firms and industries. In his counsulting capacity he has worked for several firms in the financial services industry.

Inhalt

Cover 1
Contents 6
List of Figures 10
List of Tables 11
Foreword 12
Preface 16
1 Introduction 19
1.1 Motivation 19
1.2 Objectives 23
1.3 Methodology 25
1.4 Outline 29
Part I: Theory of Organizational Design 32
2 Foundations of Organizational Design 33
2.1 Theories of the firm 33
The history of firms 34
The existence of firms 36
The boundaries of firms – transaction cost theory 38
The structure of firms – agency theory 41
The governance of firms – incomplete contract theory 43
The firm as a knowledge-creating entity 46
The firm as a system 49
2.2 Configuration of systems 52
Elements and systems 53
Path dependencies 58
Consistent configurations – application of the theory 62
2.3 Value creation of organizational design 64
Defining value 64
Measuring value 66
2.4 Changes in the business environment 69
Technological progress 69
Regulation and liberalization 72
Standard setting 74
The financial system 77
2.5 The inadequacy of traditional theories of the firm 79
3 Building Blocks of Organizational Design 88
3.1 The strategy of the organization 88
The purpose of the organization 90
The market-based perspective 92
The resource-based perspective 96
The accounting-based perspective 101
Construction and deconstruction of the value chain 102
3.2 The boundaries of the organization 105
Setting the boundaries 106
Shifting the boundaries 111
Blurring the boundaries 115
3.3 The internal structure of the organization 119
Information and knowledge 121
Power and authority 126
Incentives and motivation 134
Co-ordination and co-operation 143
3.4 The governance of the organization 150
Specific investments, stakeholders and ownership 152
The different constituencies 155
Governance mechanisms 161
Organizational forms 167
4 Designing Efficient Organizations 180
4.1 Synthesis of the building blocks – designing for fit 180
Taking stock 181
Complementarities between the building blocks 183
Configuration of business models 190
4.2 Adaption to the environment – designing for change 194
Constant change as a design feature 195
Staying at the peak – continuous adjustments 198
Switching peaks – radical adjustments 203
4.3 Efficient organizational design 208
Part II: Practice of Organizational Design 211
5 The European Securities Transaction Industry 212
5.1 Introduction 212
5.2 Three concepts for evaluation 217
5.3 The securities transaction industry 219
Economies of the securities transaction value chain 219
Vertical interdependencies in the value chain 222
Regulation 223
5.4 Strategic conduct – the provider’s action set 224
Boundary decisions 225
Communication standards and accessibility 226
Interdependencies in the action set 230
5.5 Proposals for an efficient organizational design 233
System 1 – Regulated monopoly 233
System 2 – Competitive fragmentation 235
System 3 – Contestable monopolies 237
5.6 Comparative organizational analysis 239
6 The German Co-operative Banking Group 248
6.1 Introduction 248
6.2 Strategy and internal structure 253
Deutsche Bank 253
The co-operative banking group 255
6.3 Corporate governance 258
Deutsche Bank 258
The co-operative banking group 259
6.4 Comparative organizational analysis 261
The narrow view of efficiency 261
Differences in the designs 262
Complementarities between the building blocks 264
The broader view of efficiency 265
7 Open-source Projects 269
7.1 Introduction 269
7.2 The software industry 276
The economics and technology of software production 277
What is open-source software? 279
Paradigms of innovation 280
7.3 The system of proprietary software 282
Organizational design of proprietary source firms 282
Consistency and shortcomings 285
7.4 The system of open-source software 287
Organizational design of open-source projects 288
Consistency and the open-source ecosystem 293
7.5 Comparative organizational analysis 297
Comparison of the organizational designs 297
Efficient organizational design 302
8 Conclusion 308
Bibliography 311
Index 332

Produkt-Details

• Erscheint lt. Verlag: 21.2.2007
• Zusatzinfo: XVII, 323 p.
• Verlagsort: London
• Sprache: englisch
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Planung / Organisation
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Unternehmensführung / Management
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre ► Mikroökonomie
• Schlagworte: Banking • Design • Efficiency • Foundation • organization • Organizations • science and technology • Strategy
• ISBN-10: 0-230-28795-6 / 0230287956
• ISBN-13: 978-0-230-28795-2 / 9780230287952