Essay on The Economics of Organizational Architecture

Essay on The Economics of Organizational Architecture Essay on The Economics of Organizational Architecture Essay on The Economics of Organizational ArchitectureWhat are the three aspects of corporate organization according to the article? Which one is in your view most important to the success of the firm? Explain.According to Brickley, Smith and Zimmerman (1995), three critical aspects of corporate organization include the assignment of decision rights within the firm, the structure of the system to evaluate the performance of both individuals and business units, the methods of rewarding individuals (pp.21-22). Each of these aspects is needed for organizational functioning and, moreover, these aspects are interdependent and form a three-legged stool so it is difficult to choose one most important aspect.If it is essential to choose one of these aspects, then the most important is, in my opinion, the assignment of decision rights within the firm. If the decision rights are distributed in a right way (and the persons responsible for the decision-making are competent), then these people mig ht introduce a reasonable system for evaluating performance and adopt efficient methods of rewarding individuals. However, without a reasonable assignment of decision rights within the firm the companys operations might suffer and the remaining critical aspects of corporate organization are not likely to be maintained.Explain in which industries franchising has established itself as a more successful form of business organization (compared to small independently owned companies) and why.Franchising established itself as a more successful form of business organization in such industries as fast food, hospitality, auto repair, retail (such as clothes, specialty items and foods, etc.), fitness, child care, spa services, tutoring. These industries have several things in common customers might use them in different places and locations, customers are willing to see the same standards of quality and service, customers want to know what to expect from the company, customers want to use lo yalty programs and want to be rewarded for frequent use of services or purchase of products. The businesses with the above-mentioned characteristics are likely to have more franchises compared to other types of businesses.

11 Circle Expressions

11 Circle Expressions 11 Circle Expressions 11 Circle Expressions By Maeve Maddox A circle is a perfectly round plane figure. The fact that a circle may be drawn from beginning to end without a break makes it a powerful symbol. The word circle occurs in many English idioms, often as a symbol of wholeness or repetition. 1. the circle of life: the cycle of reproduction and survival, from birth to death. 2. circle of hell: a place of punishment in the afterlife, from The Inferno. Dante describes nine circles or areas in which souls are punished according to the nature of their sins. 3. family circle: a theatrical term to describe the seating area farthest from the stage (aka â€Å"upper circle†). In general usage, family circle refers to a person’s closest family members. The word circle can refer to any intimate group of friends. The expression â€Å"inner circle† refers to a small influential group of people who run things in politics, business, or the like. 4. vicious circle: in logic, a vicious circle results when a false premise is followed by a true premise. In general usage, a vicious circle refers to a situation in which no progress or improvement can be made. Sometimes the expression â€Å"vicious cycle† is used instead. 5. to run circles around: to surpass with little effort. Similar term: â€Å"to run rings round.† 6. to come full circle: to complete a series of events; to come back to one’s starting place. 7. to go in circles: to repeat the same action without arriving at the desired place. 8. to square the circle: to attempt the impossible. Other expressions draw on the verb circle, â€Å"to put a circle around something† or â€Å"to move in a circular direction.† 9. to circle the drain: to be on the way out. The image is that of the last of the water draining from a bathtub. 10. to circle the subject: to avoid saying anything specific about a topic of discussion. 11. to circle the wagons: to take a defensive position. The image is that of migrating American settlers arranging their wagons in a circle as a barricade against attacking Indians. Note: The expression â€Å"to circle the wagons† is seen frequently in headlines and in articles about economics. The economists seem to view the American economy â€Å"as a fortress, a circle of wagons, as  it were, that can be readily defined and defended† (Robert Reno, Newsday). Contemporary American Indians often find this expression offensive. Here are some examples of these expressions gathered from the Web: Raising Backyard Chickens to Teach Children the Circle of Life If the road to publication is comprised of all the circles of hell, the first circle, I am telling you, is the â€Å"not right for me† or â€Å"didn’t connect with the voice† circle. Our sincere thoughts and prayers are with the Paisley family and the wider family circle. The conditions exist for a vicious circle involving voting and civic duty, whereby nonvoters decrease their belief in the importance of voting and therefore become less likely to vote in future elections. Ray Allen Running Circles Around Garnett, Pierce, Nets so Far Fifteen years ago, Ana Patricia Botà ­n was pushed out of her senior job at  Banco Santander  Ã‚  by the banks chairman, who also happened to be her father. On Wednesday, Ms. Botà ­ns career came full circle, with her being named chairman  after her fathers sudden death. To be fair and to bring the story full circle, many of Browns accomplishments had their origins in Browns administrations in the 1970s and early 80s.   Washington state goes in circles over drone regulations. Pensions and Social Care for the Elderly: Trying to Square the Circle Circling the Drain: Can the Euro Be Saved, Or Is It Doomed? There’s been a lot of talk this year about online learning at Concordia. Board of Governors and Senate meetings keep circling the subject. US investors circle the wagons, hope Fed rides to rescue Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Expressions category, check our popular posts, or choose a related post below:Inquire vs EnquireThat vs. WhichWords Often Misspelled Because of Double Letters