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In Efficient Organization, Mikko Ketokivi and Joseph T. Mahoney take a practical and decision-oriented approach to organization design and governance. They first identity and discuss the main organization design and governance problems that arise in creating an organization, in a growing one, and in a mature business. Then they examine contracting and relationships within organizations and with other entities in addition to special topics such as non-profits, broader stakeholder issues, and technology development. Highlighting the importance of securing cooperation across individuals and organizations for mutual value creation, this book provides tools that decision-makers can use in their own organizations.
The theoretical foundations of management strategy are identified and outlined in this text. Five theories are considered in the light of questions about how organizations operate efficiently, cost minimization, wealth creation, individual self-interest and continued growth.
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