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Transcript

  • 1. Business Organisations
  • 2. The Nature of Firms
    • The importance of understanding the organisation of businesses
    • The nature of firms
      • complex production
        • organising production through markets
        • organising production through hierarchies
      • benefits of organising production within firms
        • reduction in transactions costs
      • problems of market arrangements
        • uncertainty
        • complexity of contracts
        • monitoring and enforcing contracts
  • 3. The Nature of Firms
    • Goals of the firm
    • The traditional theory of the firm
    • Alternative theories
      • the divorce of ownership from control
      • the development of the joint-stock company
      • managerial objectives
  • 4. The Nature of Firms
    • The principal / agent relationship
      • the principal – agent problem
      • asymmetric information
      • dealing with imperfect information
        • monitoring
        • incentives
    • The goal of staying in business
      • the willingness of firms to take risks
      • problems of being over cautious
  • 5. The Firm as a Legal Entity
    • The sole proprietor
      • unlimited liability
    • The partnership
    • Companies
      • limited liability
      • public limited companies (plc)
        • public issues of shares
        • shares traded on the Stock Exchange
      • private limited companies
      • consortia
      • co-operatives: producer and consumer
      • public corporations
  • 6. The Internal Organisation of the Firm
    • U-form
  • 7. U-form business organisation
  • 8. The Internal Organisation of the Firm
    • U-form
      • advantages
      • problems when firms expand beyond a certain size
        • bounded rationality
        • communications costs
        • distorted information
        • decline in organisational efficiency
    • M-form
  • 9. M-form business organisation
  • 10. The Internal Organisation of the Firm
    • U-form
      • advantages
      • problems when firms expand beyond a certain size
        • bounded rationality
        • communications costs
        • distorted information
        • decline in organisational efficiency
    • M-form
      • advantages and disadvantages
  • 11. The Internal Organisation of the Firm
    • The flat organisation
    • Multinationals and business organisation
      • H-form
      • integrated international enterprises
      • transnational associations
  • 12. The Walt Disney Company (Holding Company)
  • 13. The Walt Disney Company (Holding Company)
  • 14. The Walt Disney Company (Holding Company)
  • 15. The Walt Disney Company (Holding Company)