Designing Organizations to Create Value: From Strategy to Structure (GENERAL FINANCE & INVESTING) - Tapa dura

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Research and teaching interests involve financial and managerial accounting. He and Professor Ross L. Watts received American Institute of Certified Public Accountants Awards in 1979 and 1980 for their joint papers. He received the American Accounting Association award for Seminal Contribution to Accounting Literature in 2004. He was the 1978 winner of the Competitive Manuscript Award, sponsored by the American Accounting Association, for his paper, "The Costs and Benefits of Cost Allocation." His research, which has come to be called "positive theories of accounting," seeks to understand the costs and benefits of various accounting procedures. He and Watts co-authored a book, Positive Accounting Theory, published by Prentice-Hall in 1986.

Research and teaching interests in the economics of organizations, corporate governance and compensation policy, corporate finance, franchising and banking. From 1989 to 1991, he was chairman of the Finance Department and research director at he University of Utah's Garn Institute of Finance. Professor Brickley was chairman of he Committee on MBA Programs from 1994-1997.

Professor Smith has research interests in the fields of corporate financial policy, derivative securities and financial intermediation. He has published 14 books and over 80 articles in leading finance and economics journals. Students in the Executive Development Program have given him their Superior Teaching Award 16 times; students in the M.B.A. program have given him their Superior Teaching Award 10 times. In 1986, he was given the first Special Award for a Perfect Teaching Rating by the School; in 1983 he was chosen as a University Mentor in recognition of his scholarship and teaching.

Clifford W. Smith is the Louise & Henry Epstein EmeritusProfessor at the University of Rochester. He is currently chairman of the boardof Home Properties, a multifamily real estate investment trust (REIT) withoperations primarily along the East Coast of the United States, and wasformerly chair of the compensation committee, chair of the governancecommittee, and lead director. Smith has served as president of the Risk TheorySociety, president of the Financial Management Association National Honor Society,vice president for Global Services of the Financial Management AssociationInternational, vice president of the International Economics and FinanceSociety, a member of the board of advisors of the International Association ofFinancial Engineers, and a member of the board of directors of the FinancialManagement Association and the Southern Finance Association. Students in theExecutive MBA Program have given him their Superior Teaching Award 21 times;students in the MBA Program have given him their Superior Teaching Award 16times. In 2003, he received the FMA Fellows Award by the Financial ManagementAssociation International. He was named Distinguished Scholar by the SouthernFinance Association in 2000, and Distinguished International Visiting Scholarby the British Accounting Association in 1991. In 1986, he was given the firstSpecial Award for a Perfect Teaching Rating by the School, in 1983, he waschosen a University Mentor in recognition of his scholarship and teaching.

De la contraportada

A Three-Pronged Strategy for Boosting Organizational Performance--and Shareholder Value

As a business leader in today's increasingly competitive global race, you need more than fads and buzzwords. You need a focused, cross-functional organizational design, one that will foster intercompany communication and help you identify and resolve minor issues before they become major barriers to success.

Designing Organizations to Create Value draws on recent research as well as the authors' hands-on experience to outline an integrated framework for coordinating the three critical aspects of organizational architecture:

• Assignment of decision-making authority
• Development of effective performance evaluation systems
• Creation of a logical and motivating compensation structure

Executives and senior-level decision makers must focus on the entirety of their organizations--as opposed to one particular facet such as strategy, quality, or logistics--to build an efficient and interconnected company. Let Designing Organizations to Create Value provide you with methods to systematically analyze all of your organizational issues and reconstruct your workforce into that of a balanced, functional, and battle-ready market leader.

"In today's environment, managers are under increasing pressure to address organizational issues and manage organizational change. . . . The business literature to date has . . . failed to provide managers with an integrated approach to identifying and solving organizational problems. Our book is designed to provide a systematic, comprehensive framework for analyzing organizational issues, one that can be consistently applied in addressing problems and structuring more effective organizations."--From the Preface

"Value creation" is more than just another buzz phrase; it is, in fact, the time-honored key to business success. Designing Organizations to Create Value is today's most top-to-bottom examination of the ever-elusive topic of value--how it is measured, how firms create and capture it, and how the drive for value impacts the strategy of the entire firm.

Rather than focusing on one aspect or strategy, however, this comprehensive book details virtually every area that influences value creation, including:

• Proven strategies for efficient deployment of knowledge throughout an organization
• Decentralization, and the necessity of implementing proper checks and balances
• The essential and interwoven roles of institutional innovation, strategy, and dynamic leadership

By whatever name, in whatever era, value creation is a requisite for long-term organizational survival and success. Designing Organizations to Create Value combines decades of multidisciplinary research with case studies from market leaders such as General Electric, Honda, and Wal-Mart to illustrate the payoffs from effective organizational design--and provide a practical, sensible approach for creating value at every level and with every process of your organization.