Why Managers Still Matter

Nicolai J. Foss, Peter G. Klein

    Publikation: Bidrag til tidsskriftTidsskriftartikelForskningpeer review

    Abstrakt

    This article is based on several years of empirically and practically based research into the internal organization of leading companies. We have studied and consulted with companies in the medical devices, toy, manufacturing and financial services industries and concluded that organizational design — decision authority, incentive structures, monitoring systems and the like — is often more important than culture, tacit capabilities and other “softer” elements of organizational structure and behavior, not only for mature companies but for emerging businesses and industries as well. Our research includes case studies of single companies and statistical analysis of large data sets. We offer a general, theoretical explanation for how entrepreneurial initiative, innovation and responsibility should be distributed within companies in our recent book, Organizing Entrepreneurial Judgment.i In addition, Foss has published several quantitative, survey-based articles on delegation within companiesii and has coauthored Innovating Organization and Management,iii which includes case studies about the changing internal organization of Danish companies. With Tina Saebi, Foss is editing a forthcoming book on business model innovation, Business Model Innovation: The Organizational Dimension (Oxford University Press, in press) that focuses on how managerial authority and organizational design support business model innovation. Klein has published empirical studies on how large companies organize themselves to balance authority and empowerment in financial services and manufacturing and how technology, market conditions and organizational.
    OriginalsprogEngelsk
    TidsskriftMIT Sloan Management Review
    Vol/bind56
    Udgave nummer1
    Sider (fra-til)73-80
    Antal sider8
    ISSN1532-9194
    StatusUdgivet - 2014

    Citationsformater

    Foss, N. J., & Klein, P. G. (2014). Why Managers Still Matter. MIT Sloan Management Review, 56(1), 73-80.