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Original and Derived Judgment An Entrepreneurial Theory of Economic Organization

Foss, Kirsten; Foss, Nicolai J.; Klein, Peter G. - DRUID, Copenhagen Business School, Department of … - 2006

delegation under Knightian uncertainty. What we call original judgment belongs exclusively to owners, but owners may delegate a …

Persistent link: https://www.econbiz.de/10005627380

"Tying the Manager's Hands": How Firms can make Credible Commitments that make Opportunistic Managerial Intervention Less Likely

Foss, Kirsten; Foss, Nicolai J.; Vazquez-Vicente, Xose H. - DRUID, Copenhagen Business School, Department of … - 2003

We discuss and empirically examine a firm-level equivalent of the ancient problem of "tying the King<92>s hands", namely how to maximize managerial intervention for "good cause", while avoiding intervention for "bad cause". Managers may opportunistically intervene when such intervention produces...</92>

Persistent link: https://www.econbiz.de/10005260608

Performance Pay, Delegation, and Multitasking under Uncertainty and Innovativeness An Empirical Investigation

Foss, Nicolai J.; Laursen, Keld - DRUID, Copenhagen Business School, Department of … - 2002

, in line with other recent contributions to the literature, that this may be caused by the widespread use of delegation …. One effect of delegation is that it breaks the simple relation between risks and incentives. We examine the suggestion … that that those firms that are more prone to use delegation of decision rights in their internal organization are facing an …

Persistent link: https://www.econbiz.de/10005627314

Selective Intervention and Internal HybridsInterpreting and Learning from the Rise and Decline of the Oticon Spaghetti Organization

Foss, Nicolai J. - DRUID, Copenhagen Business School, Department of … - 2001

Infusing hierarchies with elements of market control has become a much-used way of simultaneously increasing entrepreneurialism and motivation in firms. However, this paper argues that such “internal hybrids,” particularly in their radical forms, are inherently hard to successfully design...

Persistent link: https://www.econbiz.de/10005627362

Authority and Discretion Tensions, Credible Delegation and Implications for New Organizational Forms

Foss, Kirsten; Foss, Nicolai J. - DRUID, Copenhagen Business School, Department of … - 2002

We analyze a key problem in organization theory and design, namely the potential tension between authority (i.e., the power to make decisions which guide the decisions of another person) and the discretion of employees (i.e., the ability of an agent to control resources including his own human...

Persistent link: https://www.econbiz.de/10005273129

The New Production of Young Scientists (PhDs) A Labour Market Analysis in International Perspective

Lanciano-morandat, Caroline; Nohara, Hiroatsu - DRUID, Copenhagen Business School, Department of … - 2003

The aim of this paper is twofold: firstly to highlight how the current “hybridisation” of the academic and industrial rationales exerts its influence over the new production of young scientists; secondly to compare, between five OECD countries (USA, France, Great Britain, Japan and Germany),...

Persistent link: https://www.econbiz.de/10005273140

Knowledge Management What Can Organizational Economics Contribute?

Foss, Nicolaj J.; Mahnke, Volker - DRUID, Copenhagen Business School, Department of … - 2003

Knowledge management has emerged as a very successful organization practice and has been extensively treated in a large body of academic work. Surprisingly, however, organizational economics (i.e., transaction cost economics, agency theory, team theory and property rights theory) has played no...

Persistent link: https://www.econbiz.de/10005839207

Understanding Leadership A Coordination Theory

Foss, Nicolai J. - DRUID, Copenhagen Business School, Department of … - 1999

Important aspects of leadership behavior can be rendered intelligible through a focus on coordination games. The concept of common knowledge is shown to be particularly important to understanding leadership. Thus, leaders may establish common knowledge conditions and assist the coordination of...

Persistent link: https://www.econbiz.de/10005839231

Authority in the Context of Distributed Knowledge

Foss, Kirsten; Foss, Nicolai J. - DRUID, Copenhagen Business School, Department of … - 2003

The notion of distributed knowledge is increasingly often invoked in discussions of economic organization. In particular, the claim that authority is inefficient as a means of coordination in the context of distributed knowledge has become widespread. However, very little analysis has been...

Persistent link: https://www.econbiz.de/10005839242

Economic Organization in the Knowledge Economy Some Austrian Insights

Foss, Nicolai J. - DRUID, Copenhagen Business School, Department of … - 2001

I critically discuss recent claims about economic organization in the emerging “knowledge economy,” specifically that authority relations will tend to disappear (or at least become radically transformed), the boundaries of the firm will blur, and coordination mechanisms will be much more...

Persistent link: https://www.econbiz.de/10005627302