In a modern economy, much of the allocation of financial and non-financial resources are mediated by organizations. This essay points to three general features of this mediating role of organizations in the resource allocation process. One line of argument relates to the distinct opportunities...

While the economic advantages of scale are well understood, implications of the rate of firm growth are arguably less appreciated. Since firms’ growth rate influences employees’ promotion opportunities, the growth rate can have significant implications for the incentives employees face....

This paper explores the trade-offs inherent in the pursuit and fulfillment of multiple performance goals in complex organizations. We examine two related research questions: (1) What are the organizational implications of pursuing multiple performance goals? (2) Are local and myopic (as opposed...

In this work we discuss the impact of the new ICT techno-economic paradigm upon the vertical and horizontal boundaries of the firm and ask whether the change in the sources of competitive advantage has resulted in changes in the size distribution of firms and also in the degree of concentration...