Organizing to Adapt and Compete
| Autor: | Wouter Dessein, Niko Matouschek, Ricardo Alonso |
|---|---|
| Rok vydání: | 2015 |
| Předmět: |
Transaction cost
Product market business.industry HD28 Management. Industrial Management Environmental resource management jel:D83 jel:D23 jel:D21 Decentralization adaptation information organization jel:F23 Competition (economics) jel:L22 jel:L23 Incentive Production (economics) Adaptation (computer science) business General Economics Econometrics and Finance HE Transportation and Communications Industrial organization |
| Zdroj: | American Economic Journal: Microeconomics. 7:158-87 |
| DOI: | 10.1257/mic.20130100 |
| Popis: | We examine the relationship between the organization of a multi-divisional firm and its ability to adapt production decisions to changes in the environment. We show that even if lower-level managers have superior information about local conditions, and incentive conflicts are negligible, a centralized organization can be better at adapting to local information than a decentralized one. As a result, and in contrast to what is commonly argued, an increase in product market competition that makes adaptation more important can favor centralization rather than decentralization. (JEL D21, D23, F23, L22) |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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