Description

Economics & Management of Organizations: Co-ordination, Motivation & Strategy explores the intricate relationship between economic principles and organizational management to achieve efficiency, innovation, and sustainable success. The book delves into key areas such as coordination mechanisms, incentive systems, and strategic decision-making, illustrating how these elements shape organizational performance. It combines insights from economics and management theory to address issues like resource allocation, team dynamics, leadership, and the alignment of individual and corporate goals. With a focus on real-world application, it examines strategies for fostering motivation, minimizing inefficiencies, and navigating challenges in competitive markets. Case studies and practical examples highlight effective organizational practices and the impact of economic thinking on business operations. Designed for students, managers, and professionals, the book provides a comprehensive framework for understanding and managing organizations in a dynamic and interconnected world, bridging theory with actionable strategies for success.