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Managerial Economics, 5th Edition
by Ivan PngThe new fifth edition of Managerial Economics is an ideal text for any course focusing on the practical application of micro-economic principles to management. It includes fresh up-to-date discussion questions from all over the world and is enhanced with detailed instructor supplements. The book is a popular, useful choice for managers learning economics. An accompanying website, featuring a wealth of supplementary material, is available at https://sites.google.com/site/pngecon/
Managerial Economics, Second Edition: A Strategic Approach
by Tim Fisher Robert Waschik David PrenticeTraditional microeconomic theory has much to offer a manager. It suggests ways to increase profits by setting prices and packaging services, using advertising to increase demand and shows how internet auction sites like eBay affect competition and profitability. By using game theory to present and solve a manager’s decision-making problems and by focusing on the strategic nature of these problems, this text makes microeconomic theory much more intuitive and relevant for the business student. The text is separated into four sections: basic microeconomic theory of the firm and the basic tools of game theory problems related to the strategic interaction between firms, including price and quantity competition and product differentiation issues arising from strategic interactions within the firm, including vertical and horizontal integration, training and motivating workers, and labour unions marketing economics including information problems, advertising, durable goods and the product life cycle. This book will be suitable for any student with a background of introductory economics. The authors include a variety of international examples and case studies from the business world to expand and illustrate key concepts, and provide end-of-chapter exercises to test students’ grasp of the material. An online supplement comprising of problems and solutions as well as PowerPoint slides is available for lecturers.
Managerial Economics: A Game Theoretic Approach
by Tim Fisher Robert WaschikThis book can be used as a way of introducing business and management students to economic concepts as well as providing economics students with a clear grasp of how to use the skills they will need in the world of business.Topics covered include:*product differentiation*price discrimination*hiring and training workers*labor-management relations*international tradeA host of key features are employed to add colour to the text including case studies, examples and discussion questions. Scenarios presented centre upon a diverse range of subjects and firms including Eurostar, NHL hockey equipment, Chevrolet, Philips and pension plans.
Managerial Economics: A Problem-Solving Approach
by Nick WilkinsonManagerial economics, meaning the application of economic methods in the managerial decision-making process, is a fundamental part of any business or management course. This textbook covers all the main aspects of managerial economics: the theory of the firm; demand theory and estimation; production and cost theory and estimation; market structure and pricing; game theory; investment analysis and government policy. It includes numerous and extensive case studies, as well as review questions and problem-solving sections at the end of each chapter. Nick Wilkinson adopts a user-friendly problem-solving approach which takes the reader in gradual steps from simple problems through increasingly difficult material to complex case studies, providing an understanding of how the relevant principles can be applied to real-life situations involving managerial decision-making. This book will be invaluable to business and economics students at both undergraduate and graduate levels who have a basic training in calculus and quantitative methods.
Managerial Epidemiology: Cases And Concepts (Aupha/hap Book Ser.)
by Steven T. FlemingThe COVID-19 pandemic threw the world into turmoil and exposed a cascade of vulnerabilities. One of the many lessons learned from this pandemic is that epidemiological principles must be applied to manage healthcare services and control disease in populations. Managerial Epidemiology: Cases and Concepts provides a comprehensive introduction to epidemiology and its use in healthcare management. Extensively revised, this edition demonstrates, through 64 real-world case studies and numerous examples, how the tools and principles of epidemiology can help managers make better-informed decisions. Updates include: two new chapters on population health and confounding, bias, and effect modification; new cases focused on relevant healthcare management issues, such as health risk factors and capitation rates; a completely rewritten chapter on epidemiology and financial management; heavily revised chapters on case-control studies, cohort studies, randomized clinical trials, infectious disease epidemiology, mortality and risk adjustment, and cost-effectiveness analysis; a sharper focus on healthcare-acquired infections; and greater emphasis on needs assessment and healthcare planning. The book's case studies are presented in three levels. In-chapter cases and answer guides form an integral component of the book's learning process. End-of-chapter cases provide additional exercises for practical application, with answers supplied at the back of the book so that students can self-quiz. In the book's final section, in-depth capstone cases offer an opportunity for reviewing and synthesizing material from specific chapters. Today more than ever, healthcare administrators must use the information provided by epidemiological methods to optimally manage interventions, treatments, and healthcare services that affect the health of populations.
Managerial Ethics: Managing the Psychology of Morality
by Marshall SchminkeThis book combines management theory with ethical theory on a chapter by chapter, topic by topic basis. The volume bridges the theoretical, empirical and practical gap between management and ethics. It will be of interest to a cross disciplinary group of students, researchers and managers in business, management, organizational behavior, IO psychology and business ethics.
Managerial Finance
by Alan ParkinsonManagerial Finance provides a clear and readable explanation of the most important topics managers should understand about business finance. These include resource management, investment and decision making, as well as the practical use of financial rations and performance indicators. Real examples and case studies are used throughout to illustrate points in a practical context. The book is based upon the Management Charter Initiative's Occupational Standards for Management NVQs and SVQs at Levels 4 & 5 and is also particularly suitable for managers on Certificate and Diploma in Management programmes, including those accredited by the IM and Edexcel (formerly BTEC).Managerial Finance is part of the highly successful series of textbooks for managers which cover the knowledge and understanding required as part of any competency based management programme. The books cover the three main levels of management: supervisory/first-line management (NVQ level 3), middle management (Certificate/NVQ level 4) and senior management (Diploma/NVQ level 5).Alan Parkinson is the Hill Samuel Senior Lecturer in Accounting & Finance at the Open Business School. He was previously responsible as Director of the Open University MBA Programme for launching the highly successful MBA Course.
Managerial Finance in the Corporate Economy
by Dilip K. Ghosh Shahriar KhaksariIn most countries the economic structure and financial landscape are dominated by corporations. A critical examination of the various facets of the corporate economy is thus vitally important. In Managerial Finance in the Corporate Economy the authors use new theoretical apparatus and empirical evaluations to present such a study. The book includes new findings on mutual and pension funds, portfolio diversification, market volatility, financial institutions and corporate behaviour in the context of the international economy.
Managerial Flow (Routledge Advances in Management and Business Studies)
by Veronica Vecchi Manuela Brusoni Ben Farr-Wharton Rodney Farr-WhartonWhen globalization affects jobs and economies, policy makers strive to plan, design and implement actions to support their communities and businesses (Ansell and Gash 2007). Furthermore, local development policies are at the core of international cooperation programs or more in general represent a challenge for emerging countries. They could refer to infrastructure, entrepreneurship innovation or urban renewal. However, more frequently than not, development policies, which involve different institutional levels and public and private players, fail due to poor implementation management. This research book presents a managerial approach (the so called Managerial Flow) that could help the closure of gaps that hamper an efficient and effective policy execution. The managerial flow model observes the phenomenon of policy implementation for economic development through managerial lens. In the book, the research team has empirically identified five gaps in practice whereupon public policy implementation falls down. As a response Managerial Flow model outlines sets of managerial actions that can be adopted to facilitate a clear ‘flow’ from policy development through to implementation. This book expands on the Managerial Flow model, and acts as both a practical guide to stimulate evidence based policy implementation in governments and as theoretical contribution to policy and strategy execution. Written for researchers and academics, this book begins by outlining the theoretical foundations of Managerial Flow and moves to unpack application and cases, based in different sectors and countries, in order to discuss and show how the Managerial Flow approach can concretely support managers in the implementation of economic development policies. It reviews and discusses how the managerial flow could be relevant in the implementation of a set of sectorial policies and uses the managerial flow concept to analyse cases of economic development and establish lessons for broader management scope.
Managerial Fraud: Executive Impression Management, Beyond Red Flags
by Terry A. SheridanMost frauds perpetrated by senior managers take longer to uncover than those by other occupational groups and they steal more. This is a serious problem world-wide. Currently the Red Flag approach is used by auditors to prevent and uncover fraud and in some countries it is statutory. However, the existing approach does not catch managerial fraudsters quickly or very often. In Managerial Fraud, Dr Terry Sheridan reports the findings of her study of fraudulent executives. Her work illuminates the particular methods fraudsters employ to appear more authentic than the average person and reveals two types of executive fraudster with very different behaviours. All this helps to explain why the current Red Flag approach fails to identify potential fraudsters and instead tends to focus on Red Flag executives who are negative characters, but non-fraudulent and accounts for the problem auditors face, who see Red Flag indicators and are obliged to conduct further audits, yet find nothing of substance. During the author’s research, the innocent colleagues who worked closely with fraudulent managers have for the first time been interviewed about their experiences and had their impressions analysed, leading to the development of an innovative typology of fraudulent executives based on Impression Management Theory. Better understanding of what Dr Sheridan has uncovered might result in organisations being able to reduce their exposure to fraud perpetrated by their own senior management.
Managerial Issues in Finance and Banking
by Hasan Dincer Ümit HaciogluThis book discusses competitive issues related to globalization, financial system and institutions from a managerial perspective. Contributions in this volume cover competitive strategies, risk management, controlling and custom finance in Finance & Banking. The novelty of the book is in demonstrating the innovative solutions to managerial issues in the global financial system. The contributions in this volume are peer-reviewed by the Society for the Study of Business and Finance.
Managerial Labour Markets in Small and Medium-Sized Enterprises (Routledge Library Editions: Small Business)
by Pooran Wynarczyk Robert Watson Kevin Keasey David J. Storey Helen ShortFocussing on the relatively few small firms which grew rapidly, this book, originally published in 1993 uses face-to-face interviews as well as published records to identify and analyse the managerial factors most closely associated with successful small firms. The volume concentrates on the following key managerial issues: In what respects do the managerial backgrounds and aspirations of the founders of fast-growth small firms differ from those of non-fast-growth small firms? How is the process of growth managed? What incentives, remuneration packages and communication systems are instituted? How do these characteristics and experiences differ in fast-growth small firms from both the traditional small firm and large-firm sector? To what extent is it possible to explain the relative economic performance of small firms in terms of differences in their ownership, organizational and management structures.
Managerial Lives
by Mats Alvesson Sveningsson, Stefan and Alvesson, Mats Stefan SveningssonOrganizations are often complex and unwieldy, and many managers have difficulty in combining ideals and positive identities with the complexities and imperfections of life. They are expected to be strategic and competent, while at the same time human and empathetic. This engaging book takes a fresh look at managerial work as experienced and understood by managers. It examines the central tenets of managerial life, such as the work expectations that managers have, the significance they assign to different activities, and the difficulties that they face. It also takes a wider view of working life by looking at subordination in the managerial context. The theoretical material is supported by in-depth interviews with thirteen managers from different organizations. This book will appeal to those with an interest in management, and in leadership and identity questions in modern working life.
Managerial Networks
by Herminia IbarraDescribes a managerial network as a set of relationships critical to a manager's ability to get things done, get ahead, and develop personally and professionally. "Networking" refers to the activities associated with developing and managing such relationships. Describes different types of networks, outlines characteristics that make networks useful, and concludes with practical guidelines for developing a useful network.
Managerial Perceptions: Models of Organizational Effectiveness (Contributions to Management Science)
by Marco ValeriThis book explores the evolution of managerial practices supporting the growth of small- and medium-sized businesses and how these practices are associated and employed with trusted leadership to develop better business performance and success. It analyzes the influence of managerial practices on organizational innovation and provides case studies that demonstrate the ways in which societal and cultural settings may influence the perception of leadership processes and effectiveness. This book is of value for researchers, scholars, students, and practitioners interested in organizational effectiveness, entrepreneurship, and innovation.
Managerial Perspective to Operational Excellence: Using Lean Ideas to Compete Against Low-Cost Countries
by Vikas Kumar Atul Tripathi Jaymalya DebIn the current age of manufacturing revival in the U.S. and other developed countries, companies are looking for ways to maintain or gain advantage over competitors from low-cost countries. This book presents a firsthand account of actual projects in three different industries to help leaders and middle managers structure their own turnaround or improvement projects. The book uses a case-based approach for Lean implementation and presents a summary of lessons learned and insights on change management. It includes examples of Robotic Process Automation concepts used in manufacturing and offers several examples of analytical tools used to solve operations management problems. The first-person, story-based approach makes this book an engaging read for operations leaders and middle management in the areas of quality management, engineering management, business management, and manufacturing, as well as postgraduate students.
Managerial Planning: An Optimum and Stochastic Control Approach (Volume 1) (Routledge Library Editions: Management #49)
by Charles S. TapieroOriginally published in 1977. Management is a dynamic process reflected in three essential functions: management of time, change and people. The book provides a bridging gap between quantitative theories imbedded in the systems approach and managerial decision-making over time and under risk. The conventional wisdom that management is a dynamic process is rendered operational. This title will be of interest to students of business studies and management.
Managerial Planning: An Optimum and Stochastic Control Approach (Volume 2) (Routledge Library Editions: Management #49)
by Charles S. TapieroOriginally published in 1977. Management is a dynamic process reflected in three essential functions: management of time, change and people. The book provides a bridging gap between quantitative theories imbedded in the systems approach and managerial decision-making over time and under risk. The conventional wisdom that management is a dynamic process is rendered operational. This title will be of interest to students of business studies and management.
Managerial Problem Solving: A Congruence Approach
by Michael L. Tushman Charles A. O'ReillyUnless managers and their teams clearly understand the roots of today's barriers to achieving strategic opportunities, their attempts to solve these problems are likely to be ineffective. In this chapter, the authors introduce a congruence-based approach to problem solving that will drive today's success.
Managerial Relationships and SMEs Internationalization: Un-weaving the Fabric of Business Performance (Routledge Frontiers in the Development of International Business, Management and Marketing)
by Elena-Mădălina Vătămănescu Andreea MitanAs the "backbone of the economy," small- and medium-sized enterprises (SMEs) are key players in the dynamics of local, regional, and global markets, and are often obliged to provide timely responses to the increasingly fierce cross-border competition. However, SMEs internationalisation has temporarily been subject to a wait-and-see policy under the numerous uncertainties and global systemic disruptions. Despite the "new normal" brought about by the COVID-19 pandemic, recent studies show that the future still holds the potential to avail business performance opportunities to SMEs, and the hopes of managers for the years to come are reasonably high. Adopting a relationship-centric perspective, the book proposes a deeper analysis of the role of managerial relationship building and development and SMEs internationalization. In the networked economy, relationships are the invisible threads of the highly interconnected world. Either we call them connections, ties, bonds, or links, they are present everywhere marking the very essence of our lives, therefore claiming for wide consideration. Giving way to a stepwise screening of relationships and SMEs internationalization, the book is simultaneously addressed to scholars from different fields of study (i.e., international management, international business, international relationship marketing, etc.) and worldwide decision-makers (i.e., entrepreneurs and managers) interested in conducting smart business abroad.
Managerial and Professional Staff Grading (Routledge Library Editions: Human Resource Management)
by David Hay Joan DoultonThis title, first published in 1962, explains a system of job evaluation suitable for managerial and professional posts, and calls for a radical rethinking of the essential requirements for senior jobs. With a focus on the British Broadcasting Company as well as other organisations, the authors examine commercial and industrial concerns in regards to their workforce and staff diversity. This title will be of interest to students of business studies.
Managerialism in the Public Sector: Perspectives and Prospects (Routledge-Giappichelli Studies in Business and Management)
by Andrea TomoThe purpose of this book is to offer insights into the complex and often unclear context of public sector management, providing a new theoretical and practical approach to the analysis and interpretation of these issues. The book is grounded in the awareness that the public sector has too often shown inefficiencies, despite the expensive measures taken, and from manifold perspectives such as the economic, social, organizational, and institutional ones, among others. It acknowledges the lack of behavioral, cultural, and context-oriented research in the field, thus proposing to innovate the debate and to expand the current understanding of which organizational features characterize modern public administrations, what factors influence the predominance of different models, with a special focus on the Italian setting, benefiting from a wholly comprehensive innovative methodological approach. The findings offer key implications for theory, practice, and policy-making, contending the importance of holistic approaches to the debate and abandoning pre-constituted schemes to put forth the relevance of behavioral models. It offers a key message: contextual-specific and cultural factors influencing individual behaviors are important and should better influence policy-making processes, towards "glocalization" in order to improve quality.
Managerismus: Unternehmensführung in Not
by Manfred Hoefle Hoefle ManfredThe term "managerism" coined by the author describes the form commonly found today of how companies are led, how added value is used and how people and values are treated. Advised by external consultants and stimulated by financial analysts, many managers have adopted a certain distance to their employees, who are now generally known as "FTEs", "headcount", or "human capital". Only recently have we been experiencing a lack of solidarity among company sites or divisions, a decrease in social responsibility and a loss of values. This development first seen in Germany in the 1990ers first culminated in the Internet-hype at the turn of the millennium and again during the recent bank crisis; it recurs at ever diminishing intervals. Manfred Hoefle describes the phenomenon of managerism as a generic defect among the management of predominantly listed companies. Mainly it is a deformation of management, as observed and taught by Peter Drucker. Or to put in another way: It is Gresham's Law: Bad behavior expels good behavior, because it is supposedly more successful. The reasons for this are: - penetrating capital markets, - the drifting apart of nominal and real economics, - intensified competition, - the systemic results of large-scale organization, - the basic constitution of humans or "organization men", and - the effects of news- and story-triggered media, arrogant consultants and interventionist politicians. Particular facets of managerism are illustrated in the manner of warnings, such as mercenaries in management, and the role of the consultant as "shaping fashions", etc. The book names and describes the deformation in concrete terms, while at the same time showing ways to escape and help.
Managers As Mentors: Building Partnerships for Learning
by Marshall Goldsmith Chip R BellThe updated third edition of &“the essential handbook for all those who are trusted advisors to aspiring leaders&” (Jim Kouzes, coauthor of The Leadership Challenge). This latest edition of the classic Managers as Mentors is a rapid-fire read that guides leaders in helping associates grow in today&’s tumultuous organizations. Thoroughly revised throughout with twelve new chapters, this edition places increased emphasis on the mentor acting as a learning catalyst with the protégé rather than simply handing down knowledge. As with previous editions, a fictional case study of a mentor-protégé relationship runs through the book. But now this is augmented with interviews with six top US CEOs. New chapters cover topics such as the role of mentoring in spurring innovation and mentoring a diverse and dispersed workforce accustomed to interacting digitally. Also new to this edition is the Mentor&’s Toolkit, six resources to help in developing the mentor-protégé relationship. This hands-on guide teaches leaders to be the kind of confident coaches integral to learning organizations. &“Tightly written . . . helpful techniques.&” —Scientific American &“This book will help you become the mentor you always wanted and honor the terrific ones you had.&” —Mark Goulston, bestselling author of Just Listen
Managers Learning in Action: Management Learning, Research And Education / Edited By David Coghlan ... [et Al. ]
by David Coghlan Tony Dromgoole Pat Joynt Peter SorensenRather than offering either a purely practical or theoretical context, this text is written by a team of managers and academics, combining theory and practice to create a holistic, and above all realistic, exploration of learning at work, including real life examples of management challenges. Whether rescuing an ailing organization or managing inter-organization relations, managing change or managing human resources, many of today's crucial management challenges are addressed. Covering a range of sectors, the organizations studied include those in: hi-tech manufacturing engineering telecommunications healthcare transport government agencies. Contributors are drawn from three well-established academic programmes: the Irish Management Institute/ University of Dublin Masters in Management Practice; the US Benedictine University PhD in Organizational Development and the Henley Management College DBA, and the volume is edited by the academic directors of these programmes. By offering these managers' own reflections on their experiences in the context of relevant management theory, this text provides an important and innovative contribution for those studying organizations as well as for those managers who are currently learning and developing at work.