Modern Industrial Organization (4th Edition) (Addison-Wesley Series in Economics)
Average customer rating: 4 out of 5 stars
  • Great condish but no quick ship
  • Great book : Easy to follow and practical
  • Its in my top 2 textbooks for Economics Undergraduate
  • Modern Industrial Organization
  • easy book and good guide to understand the industry
Modern Industrial Organization (4th Edition) (Addison-Wesley Series in Economics)
Dennis W. Carlton , and Jeffrey M. Perloff
Manufacturer: Addison Wesley
ProductGroup: Book
Binding: Hardcover

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ASIN: 0321180232

Customer Reviews:

4 out of 5 stars Great condish but no quick ship.......2005-09-30

See above. Took longer to arrive than I would have liked. Maybe 2 weeks.

5 out of 5 stars Great book : Easy to follow and practical.......2005-01-27

I have the 2000 edition, I like it very much. Practical, easy to follow, great use of Theory of Games exemples.
Douglas Gilson, Management professor.Rio de janeiro, Brasil

4 out of 5 stars Its in my top 2 textbooks for Economics Undergraduate.......2004-12-22

I've only used 9 textbooks in my undergraduate carrer in Economics, however, this book would probably fit either as the best or 2nd best... I can't really determine which deserves the "coveted" "best" slot.

To say firstly, this book passes the "I havn't attended class for the last 4 weeks and only have read the book, but still recieved an A- for the midterm" test. I think I can say in full confidence that IO is pretty much a standard course and this pretty much covers all the standard topics that any IO course would cover in one semester.

I used this book for a more "advanced" IO course (there are 2 in my university) and I used the book almost exclusively in preperation for my exams. I can say that the books appendices are excellent, despite th previous comment. It displays the material very concisely and in a very formal manner. The presentation in the appendices is not laconic and is very understandable.... I would have to say it achieves almost maximum effeciency with relevent material per page.

Actaully, for my case, the appendices were very much more useful then the actaul text itself. The level of mathematics does not exceed a standard non-formal multi-variable calculus level and is thus very accesible. With regards to applicability of the material, I found no problems in figuring out how the forumale applied with respect to the theory for the most part... However, I suspect if it is obtuse (for the level of maturity in the class) then the instructor would augment the text with problem sets and excercises.

The book starts off with a brief recap of the relevnt micro concepts and tools in the first chapter or so, then goes on to cover topics such as monopoly, oligopoly, monopolistic competition, games in oligopolies (Bertrand, Stakelberg Cournout-Nash etc.). Then it goes on to less "theoretical" (at least in my opinion) topics such as advertising and its effects, price discrimination (1st degree, 3rd degree, bundling strategies etc.).

Overall there is a good mix of "real world" applications and core theory. I never read the numerous examples and unless the class specifically tests on these, I would think they are not needed for understanding of the material. The exposition found in the chapters (less the examples) are usually superb, although a bit wordy for my taste.

There are some problems asked after the end of each chapter, although very few of these employ much mathematics and hence, does not, in my opinion, work well as a gauge of understanding. It seems because of the length of the book, it lends itself off to the instructor to decide how to taylor his curriculum, I don't believe that any chapters are redundent, but I believe all chapters are essentially self contained (given that the reader had read or is competent in the material up to the 6th chapter).

All in all, I was happy with this book and believe it to be of superior stock, although this is pure conjecture on my part since I've only used this book and have only taken one IO course. With respect to flexibility the book deserves good marks and this is likewise true with respect to the exposition in the text.

3 out of 5 stars Modern Industrial Organization.......2003-05-01

I was hoping to get a more indept explaination with example problems. Formulas were shown, but the author never really showed how to utilize the formulas. I have had to reference other books to try to understand this book.

5 out of 5 stars easy book and good guide to understand the industry.......2000-08-24

For me this book is a very good guide to the people that like to learn more about the way that the industry and the market works and the link to many things that you can see all the time around you and could explain by the economic theory, things that happend not only in United States also in different countries like Chile. Only bad thing about the book is the colors in the graphs, maybe the next time could include more colors. And if is possible try to translate the book to another language like spanish, because about this topic in spanish is very poor the number of books, and the translation could bring the opportunity to more people to read about this.
The Modern Firm: Organizational Design for Performance and Growth (Clarendon Lectures in Management Studies)
Average customer rating: 4 out of 5 stars
  • A succint summary of today's management dilemas
  • Stunning Perspective
  • good for beginners
  • Rich Compendium of Contemporary Management Theory
  • Book on Organizational Design
The Modern Firm: Organizational Design for Performance and Growth (Clarendon Lectures in Management Studies)
John Roberts
Manufacturer: Oxford University Press, USA
ProductGroup: Book
Binding: Hardcover

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ASIN: 0198293763

Book Description

Business firms around the world are experimenting with new organizational designs, changing their formal architectures, their routines and processes, and their corporate cultures as they seek to improve their current performance and their growth prospects. In the process they are changing the scope of their business operations, redrawing their organization charts, redefining the allocation of decision-making authority and responsibility, revamping the mechanisms for motivating and rewarding people, reconsidering which activities to conduct in-house and which to out-source, redesigning their information systems, and seeking to alter the shared beliefs, values and norms that their people hold. In this book, John Roberts argues that there are predictable, necessary relationships among these changes that will improve performance and growth. The organizations that are successful will establish patterns of fit among the elements of their organizational designs, their competitive strategies and the external environment in which they operate and will go about this in a holistic manner. The Modern Firm develops powerful conceptual frameworks for analyzing the interrelations between organizational design features, competitive strategy and the business environment. Written in a non-technical language, the book is nevertheless based on rigorous modeling and draws on numerous examples from eighteenth century fur trading companies to such modern firms such as BP and Nokia. Finally the book explores why these developments are happening now, pointing to the increase in global competition and changes in technology. Written by one of the world's leading economists and experts on business strategy and organization, The Modern Firm provides new insights into the changes going on in business today and will be of interest to academics, students and managers alike. The Modern Firm was the Economist Best Business Book of the Year 2004.

Customer Reviews:

5 out of 5 stars A succint summary of today's management dilemas.......2006-10-15



The modern firm debates around the theme of organisation of companies.
Though not a long book it is rigorous and densely written taking more
time to read than just flipping through the pages.

The book has a simple structure in 7 chapters. The first two chapters
are a mere introduction to the book and to some general concepts. 3
and 4 are devoted to the core theory, and the last 3 are the practical
examples.

The two main topics of the book are: the nature and purpose of the firm
and the motivation of the firm. The first, discusses from a variety
of perspectives what is traditionally known as "make-or-buy", should
the company be more or less integreated; relating to the agency
problem and the Coase-theorem. Prof. Roberts does not give any
solution but a framework to decide depending on each ones case. Since
some activities cannot be externalised in a simple manner, the second
tackles the issue of motivation, exposing the main factors to be
accounted into motivating employees and linking those to the design of
a firm structure.

5 and 6 are the practical part of the book where the author divides
companies in two camps: those organised for performance and those
organised for growth. Whilst there are not that many examples nor
statistical relevant data, the author makes a strong point that both
goals cannot be achieved with the same structure since control
mechanisms, goal-setting, etc. might be completely different in each
onset. The last chapter reminds the role of management in the decision on
structure and its reponsibility.

The book manages in its last chapters to make a good balance between
readibility and structure analysis to bring its points home. Readers
prefering a more scholastic view on the subjects of chapters 3 and 4
might prefer a book like "Economics of Strategy" from Dranove et al.

5 out of 5 stars Stunning Perspective.......2006-04-15

This book nicely mixes perspectives from economics, organization theory, and strategic management. The writing style is lucid and accessible, unlike many books by academics. It is clear that Dean Roberts has been thinking about these issues for many years.

Even though he was trained as a classical economist, he seems to have shed some of the baggage that the neoclassical paradigm imposes. That is important to the relevance of his ideas in this age of the resource-based view of the firm (see the collected readings edited by Nicolai J. Foss), the importance of entrepreneurship and innovation (Schumpeterian/Austrian economics), and evolutionary economics (An Evolutionary Theory of Economic Change by Richard Nelson and Sid Winter, 1982).

In contrast to the traditional notion that firms within an industry are homogeneous and compete only on price, a stream of empirical research going back to 1991 (Richard P. Rumelt in Strategic Management Journal) has found that rates of return vary more within industries than across them. That makes the case for heterogeneity, not homogeneity. It also speaks to the importance of differentiation among firms. Most important, it opens up the discussion to such vital topics as a firm's unique capabilities, its routines, its culture, and its architecture, all of which Dean Roberts addresses in this remarkable book.

His perspective is not the final one, of course. What we know about that miraculous black box called the firm continues to evolve. But Dean Roberts has made a stunning contribution to what we know. In our own work valuing private equity, we use key precepts of this book every day. I recommend The Modern Firm without hesitation or qualification.

3 out of 5 stars good for beginners.......2006-02-22

Roberts presents a useful primer on the modern business firm. In particular the chapter on "The Nature and Purpose of the Firm" gives a solid overview of the standard arguments and theories. The problem is that by sticking so closely to standard thinking Roberts misses an opportunity to broaden the discussion about what we call the firm. For instance: he hints at a disatisfaction at the severe limitations neo-classical economics places on anyone trying to integrate business strategy with broader economic theory [e.g. his brief critique of Alchian and Demsetz], but then quickly falls into line and refuses to break ranks with it. As a result the book becomes more a review of business school case studies than an attempt to theorize about the firm.

Even with this criticism the book is worth reading: because it is a solid introduction it highlights just how far we have to go to get a theory that can tie in with practise.

5 out of 5 stars Rich Compendium of Contemporary Management Theory.......2005-10-29

This work sums up most of the salient advances in management theory and microeconomics of the last decade. Before you read it, you should have some understanding of game theory and strategic management, otherwise you may miss the significance of the arguments put forward. For the prepared reader this book is a compendium of thinking on creative management at the cutting edge of this discipline.

I have the habit of marking my books in two ways. First; I highlight passages to make important concepts easier to find again. Second; I mark my books with tags so that the most important of these can be accessed rapidly without having to page through the volume. The exercise of thinking about the choices I shall make for highlighting and tagging is a way of helping to consolidate the material in my memory; and - ironically - this exercise at times makes the highlighting and tagging redundant.

Now, what am I to do when the book is so rich in material, when it is comprised of such fertile intellectual soil, when so pregnant with insights and meaning, that almost every paragraph needs to be highlighted, and every second page tagged? Of course, I lower the threshold for highlighting and tagging. And, to ensure that much rich material is not forgotten for its quantity, or buried for its density, I read this book a second time.

Only one negative note: Roberts is given to outlandish Americanisms. Anyone sensitive to good English usage will find it difficult to prevent the occasional grammatical shocks from spoiling their reading pleasure. For example; "Absent efficient Coasian bargaining or complete contracting, coordinating across business to handle the externalities will require cooperation in the sense used in Chapter 3..." What he means is: "In the absence of efficient Coasian bargaining..." 'Absent' is not a prepositional phrase. It is an adjective. What a pity it is that the copy editors of the Oxford University Press didn't repair these mistakes. They give rise, however, to aesthetic problems for the most part. Once the reader becomes aware of Robert's idiosyncratic linguistic lapses, his meaning becomes clear.

For its content, the book is strongly recommended.

3 out of 5 stars Book on Organizational Design.......2005-08-30

The Modern Firm discusses the interrelations between organizational design, competitive strategy, and the business environment. This book is a very very difficult read. If you have read Good to Great and expect the read to be anywhere as easy as that then you are mistaken. This book is very dense and most of the readers will not be able to finish it. Economist reviewer perhaps has a wonderful background to read such stuff with ease (for having given the book of the year award) or should have atleast known the author and his ideas well. It could be good college text book for detailed read or a week long course by the author - but as a self-read I would rate it very low.
I Want You!: The Evolution of the All-Volunteer Force
Average customer rating: Not rated
    I Want You!: The Evolution of the All-Volunteer Force
    Bernard Rostker
    Manufacturer: RAND Corporation
    ProductGroup: Book
    Binding: Hardcover

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    Industrial Reorganization and Government Policy in Interwar Britain (Modern Economic and Social History)
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      Social Strategy & Corporate Structure (Studies of the Modern Corporation)
      Average customer rating: Not rated
        Social Strategy & Corporate Structure (Studies of the Modern Corporation)
        Neil W. Chamberlain
        Manufacturer: Free Press
        ProductGroup: Book
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        ASIN: 0029058104

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        This new work by Neil W. Chamberlain will be of great importance to the business community -- and to all those charged with defining the role large corporations play in the affairs of society.

        Social Strategy and Corporate Structure is an objective, indepth examination of the organizational requirements of a social role for large-scale business. The role Neil Chamberlain presents is one of heroic dimensions: the political choice of goals, the strategic allocation of resources, and the tactical operations of the mechanisms of production.

        While there has been much discussion of corporate social responsibility, few have investigated the ways its structure will have to change if the corporation is to pursue a strategy that is both economic and social. This timely book integrates a large number of issues involving corporate activities and governance that go directly to the heart of this problem.

        In step-by-step detail, Chamberlain analyzes the organizational imperatives of this new age of social responsibility: the composition and functions of boards of directors and the relation of their duties to a broad system of national planning; the internal social audit; changes in the characteristics of corporate social planning; and proposals for restructuring ultimate corporate authority, either through public or outside directors. In addition, he examines the potential relevance of federal chartering of corporations, and the effects of international economic interdependence on the development of a new corporate social strategy.

        This book is not a detailed blueprint for change. Rather, it presents a thorough, systematic study of available courses of action for improvement, based on the principle that conventional notions of corporate independence will have to be modified for any social strategy to work. And while not everyone will agree with Neil Chamberlain, few can afford to ignore his provocative insights into what corporations must do to function effectively in a changed social environment.
        Governing the Modern Corporation: Capital Markets, Corporate Control, and Economic Performance
        Average customer rating: Not rated
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          Manufacturer: Oxford University Press, USA
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          5. Corporate Governance Corporate Governance

          ASIN: 0195171675

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          Nearly seventy years after the last great stock market bubble and crash, another bubble emerged and burst, despite a thick layer of regulation designed since the 1930s to prevent such things. This time the bubble was enormous, reflecting nearly twenty years of double-digit stock market growth, and its bursting had painful consequence. The search for culprits soon began, and many were discovered, including not only a number of overreaching corporations, but also their auditors, investment bankers, lawyers and indeed, their investors. In Governing the Modern Corporation, Smith and Walter analyze the structure of market capitalism to see what went wrong. They begin by examining the developments that have made modern financial markets--now capitalized globally at about $70 trillion--so enormous, so volatile and such a source of wealth (and temptation) for all players. Then they report on the evolving role and function of the business corporation, the duties of its officers and directors and the power of its Chief Executive Officer who seeks to manage the company to achieve as favorable a stock price as possible. They next turn to the investing market itself, which comprises mainly financial institutions that own about two-thirds of all American stocks and trade about 90% of these stocks. These investors are well informed, highly trained professionals capable of making intelligent investment decisions on behalf of their clients, yet the best and brightest ultimately succumbed to the bubble and failed to carry out an appropriate governance role. In what follows, the roles and business practices of the principal financial intermediaries--notably auditors and bankers--are examined in detail. All, corporations, investors and intermediaries, are found to have been infected by deep-seated conflicts of interest, which add significant agency costs to the free-market system. The imperfect, politicized role of the regulators is also explored, with disappointing results. The entire system is seen to have been compromised by a variety of bacteria that crept in, little by little, over the years and were virtually invisible during the bubble years. These issues are now being addressed, in part by new regulation, in part by prosecutions and class action lawsuits, and in part by market forces responding to revelations of misconduct. But the authors note that all of the market's professional players--executives, investors, experts and intermediaries themselves--carry fiduciary obligations to the shareholders, clients, and investors whom they represent. More has to be done to find ways for these fiduciaries to be held accountable for the correct discharge of their duties.
          Theory Z: How American Business Can Meet the Japanese Challenge
          Average customer rating: 2.5 out of 5 stars
          • garbage
          • The opinion of a lazy american worker
          • Eye-opening insight of Japanese organizational structure.
          Theory Z: How American Business Can Meet the Japanese Challenge
          William G. Ouchi
          Manufacturer: Avon Books
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          Customer Reviews:

          1 out of 5 stars garbage.......2001-08-31

          Amazing to look back at the garbage that was written and eaten up by paranoid US management. Life time employment, company loyalty , and payment based on tenure are the exact things that have undone the Japanese companies. Sorry Bill but you should have picked a letter earlier in the alphabet.

          1 out of 5 stars The opinion of a lazy american worker.......2001-06-11

          William Ouchi claims that American productivity is stagnant or declining and he's right. But what he fails to mention is that corporations are firing their workforce here , in favor of nations where they can get people to work for slave wages, in order to increase productivity ( this done courtesy of american tax payer). And profits for these Companies are not stagnant or declining, but are reaching record-breaking highs. The fact that this is being done renders any of the points Ouchi makes in this book invalid. Why learn any lessons from Ouchi about how to increase productivity in the US when you can just fire your work force, pack up and go to another country while a lazy tax payer like myself foots the bill?

          5 out of 5 stars Eye-opening insight of Japanese organizational structure........1998-02-22

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          Average customer rating: 5 out of 5 stars
          • A thoughtful and important work.
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          For many companies, the past decade has been marked by a sense of turbulence and redefinition. The growing role of information technologies and service businesses has prompted companies to reconsider how they are structured and even what business they are in. These changes have also affected how people work, what skills they need, and what kind of careers they expect. One critical change in how people work, argues Larry Hirschhorn, is that they are expected to bring more of themselves psychologically to the job. To facilitate this change, it is necessary to create a new culture of authority--one in which superiors acknowledge their dependence on subordinates, subordinates can challenge superiors, and both are able to show their vulnerability.

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          Customer Reviews:

          5 out of 5 stars A thoughtful and important work........1999-03-21

          If people are going to bring more of themselves psychologically to work, a new culture of authority characterized by openness must be created. Hirschhorn explores how organizations transition from traditional power hierarchy to this new culture, involving a social policy of forgiveness and second chances. A thoughtful and important work. Reviewed by Gerry Stern, founder, hrconsultant.com and Stern & Associates.
          Making Time: Time and Management in Modern Organizations
          Average customer rating: Not rated
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            Occupational & OrganizationalOccupational & Organizational | Psychology & Counseling | Health, Mind & Body | Subjects | Books
            ASIN: 0199253706

            Book Description

            Time is an essential feature of social and organizational life and part of the deep structure of business activity. Plans, performance, productivity, and pay are all linked to and often measured by time. Yet time is often taken for granted in daily life and the business world. The aim of this book is to bring time into sharper focus and in particular to look at the way time is constructed, made, managed, and used in organizations. The book both provides an overview of some of the key concepts in time -- time's arrow, time's cycle, clock time, etc. -- and it explores how particular features of the modern world -- global time, futures, etc. -- extend and change the temporal dimension of organizational activity. Making Time emphasizes the richness of the temporal relations within organizations and the wealth of competing attempts to order and control time in the act of managing. It describes and explains this temporal complexity as it occurs in management, giving full recognition to the way that people create their own sense of time alongside the official temporal apparatus of the clock and diary. The contributors use a variety of management perspectives -- strategy, organization theory, decision making, industrial relations, and marketing -- and deliberately place the experience of more traditional industrial settings alongside those at the forefront of the 'new economy'. Making Time seeks to spark a debate across the field of management that does justice to the richness of the temporal features of contemporary organizations. The book will be vital reading for those who want to understand the complexities of time in organizations and the modern world, and the challenges it presents for the theoretical and practical spheres of management.
            The Human in Command: Exploring the Modern Military Experience
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              The Human in Command: Exploring the Modern Military Experience

              Manufacturer: Springer
              ProductGroup: Book
              Binding: Hardcover

              GeneralGeneral | Military | History | Subjects | Books
              Military ScienceMilitary Science | History | Subjects | Books
              GeneralGeneral | Psychology & Counseling | Health, Mind & Body | Subjects | Books
              Industrial PsychologyIndustrial Psychology | Psychology & Counseling | Health, Mind & Body | Subjects | Books
              GeneralGeneral | Science | Subjects | Books
              GeneralGeneral | Arts & Photography | Subjects | Books
              International SecurityInternational Security | Freedom & Security | Politics | Nonfiction | Subjects | Books
              All TitlesAll Titles | Qualifying Textbooks - Fall 2007 | Stores | Books
              Arts & PhotographyArts & Photography | Qualifying Textbooks - Fall 2007 | Stores | Books
              NonfictionNonfiction | Qualifying Textbooks - Fall 2007 | Stores | Books
              ScienceScience | Qualifying Textbooks - Fall 2007 | Stores | Books
              ASIN: 0306463660

              Book Description

              Whether involved in disaster relief, peacekeeping operations, or war, militaries from all nations deal in the common currency of human conflict. And although technology has come a long way in assisting the resolution of some of these conflicts, inevitably human conflict requires human intervention. The purpose of this book is to explore and understand the implications of this human intervention and the ways that science can make it more effective. The book brings together experienced military leaders and researchers in the human sciences to offer current operational experience and scientific thought on the issue of military command, with the intention of raising awareness of the uniquely human aspects of military command. It includes chapters on the personal experiences of senior commanders, new concepts and treatises on command theory, and empirical findings from experimental studies in the field.

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