Foundations of Organizational Strategy
- ISBN-10
- 0674005643
- ISBN-13
- 9780674005648
- Category
- Business & Economics
- Pages
- 414
- Language
- English
- Published
- 2001
- Publisher
- Harvard University Press
- Author
- Michael C. Jensen
Description
Presenting the foundations of an integrated theory of organizations, Jensen argues that the cost of transferring information necessitates decentralization of some decision rights in organizations and economies. This in turn requires organizations to solve the control problem that results when self-interested persons do not behave as perfect agents.
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