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Incentive problems arise in many economic
relationships. Contracts that tie compensation to
performance can mitigate incentive problems, but
writing completely effective contracts is often
impract...
Management Practices,Relational Contracts and the Decline of General Motors
Organizational Change and Adaptation Management Practices and Processes Organizational Structure
2015/4/29
General Motors was once regarded as one of the best managed and most successful firms in the world, but between 1980 and 2009 its share of the US market fell from 62.6 to 19.8 percent, and in 2009 the...
HIERARCHIES, RELATIONAL CONTRACTS AND NEW FORMS OF OUTSOURCING
HIERARCHIES RELATIONAL CONTRACTS NEW FORMS OF OUTSOURCING
2005/6/26
We observe that economic restructuring is significantly changing organizational governance. On the one hand, we witness an increase in mergers & acquisitions, which substitutes markets for hierarchies...