About This Product

Description

Features

• Covers Game Theory, Strategy, and Evolution.
• Packed with empirical results and real world data
• Builds a step-by-step conceptual framework to explain fundamental economic approaches to organisations.
• Discusses the 5 different economic approaches to organisations
• Contains useful learning features: real-life examples, end-of-chapter questions, quotations, diagrams, further reading and study.
• Wide range of cases with a global link.
• Assumes no prior knowledge of economics.
• Clearly written in a concise, informative and student-friendly style.
• Instructor's Manual with answers to questions, overheads and further reading.

New To This Edition

• New chapters on business strategy and corporate strategy. 
• Updated with new developments in practice, including new coverage on behavioural finance, financial crisis and private equity.  
• Over 50 new examples, showing how different economic approaches are applied in business and organizational practice

Table of Contents

Part I Foundations

1 Markets and organizations

2 Markets   

3 Organizations   

4 Information 

5 Game theory   

Part II Economic Approaches

6 Behavioural theory of the firm

7 Agency theory  

8 Transaction cost economics   

9 Economic contributions to business / competitive strategy

10   Economic contributions to corporate strategy

11   Evolutionary approaches to organizations 238

12   All in the family  

Part III Applications  

13   Mergers and acquisitions   

14   Hybrid forms  

15   Corporate governance  

Backcover Copy

Why do organisations exist?

What is the relationship between markets and organisations?

When does one perform better than the other?

Find the answers in Economic Approaches to Organisations!

Now in its fifth edition, this text remains one of the few texts to emphasize the importance of economic issues and developments in the study of organisations and management.

It explains in a non-technical way different economic approaches such as behavioural theory of the firm, game theory, agency theory, transaction cost economics, economics of strategy and evolutionary approaches. This latest edition is packed with practical examples from real-world companies, helping you to understand how the concepts relate to economic and organisational problems happening in the world today.

New to this edition:

• New chapters on business strategy and corporate strategy

• Updated with new developments in practice, including new coverage on behavioural finance, financial crisis and private equity.

• Over 50 new examples, showing how different economic approaches are applied in business and organisational practice

This is an ideal textbook for a course on Organisation and Management from an economic perspective. The text can also be used as a supplement to a larger text on Organisation and Management or Strategic Management. Economics students will benefit from a concise introduction to a field that is related, but all too often unexplored.

Sytse Douma is professor of Business Administration at Tilburg University. 

Hein Schreuder was Executive Vice President of Corporate Strategy and Acquisitions at Royal DSM N.V. until 2012. He is a honorary professor of Business Economics at Maastricht University and Board member of the Vlerick Business School in Belgium.

Courses

• Managerial Economics (Economics)
• Economics of Management (Grad Level) (Business & Management)
• Business Economics (Economics)

Pearson Higher Education offers special pricing when you choose to package your text with other student resources. If you're interested in creating a cost-saving package for your students contact your Pearson Account Manager.

Pearson Learning Solutions

Nobody is smarter than you when it comes to reaching your students. You know how to convey knowledge in a way that is relevant and relatable to your class. It's the reason you always get the best out of them. And when it comes to planning your curriculum, you know which course materials express the information in the way that’s most consistent with your teaching. That’s why we give you the option to personalise your course material using just the Pearson content you select. Take only the most applicable parts of your favourite materials and combine them in any order you want. You can even integrate your own material if you wish. It's fast, it's easy and fewer course materials help minimise costs for your students.

For more information: catalogue.pearsoned.co.uk/educator/personalisedlearning/index

“Creating a personalised resource was a constructive and positive course development for me, as everything is now integrated, aligned and consistent.” — John Sanders, School of Management and Languages, Heriot-Watt University, UK"

Personalised Content Solutions

Explore our range of textbook content across the disciplines and see how you can create your own textbook or eBook.

Custom textbooks and eBooks

Pick and choose content from one or more texts plus carefully-selected third-party content, and combine it into a bespoke book, unique to your course. You can also include skills content, your own material and brand it to your course and your institution.

Read about Durham University's experience of creating a bespoke course eBook for their engineering students catalogue.pearsoned.co.uk/assets/hip/gb/uploads/casestudies/Durham_University_eBooks_Case_Study.pdf

Personalised Digital Solutions

Pearson Learning Solutions will partner with you to create a completely bespoke technology solution to your course's specific requirements and needs. Develop websites just for your course, acting as a bespoke 'one-stop shop' for you and your students to access eBooks, MyLab or Mastering courses, videos and your own original material. Include highly engaging bespoke games, animations and simulations to aid students' understanding, promote active learning and accommodate their differing learning styles. Customise existing Pearson eLearning content to match the specific needs of your course.

Simply share your course goals with our world-class experts, and they will offer you a selection of outstanding, up-to-the-minute solutions.

For more information: catalogue.pearsoned.co.uk/educator/personalisedlearning/index