how to develop a more collaborative, productive, and profitable organization /
Richard B. McKenzie, Dwight R. Lee.
New York :
Oxford University Press,
1998.
x, 337 pages :
illustrations ;
25 cm
Includes bibliographical references (pages 299-329) and index.
1. Why Incentives Matter -- 2. Economic Look at Incentives Within Firms -- 3. Value of Tough Bosses -- 4. Value of "Teams" -- 5. Paying for Performance -- 6. Paying Above-Market Wages -- 7. Fringes, Incentives, and Profits -- 8. Cutting Health Insurance Costs -- 9. Paying Workers' Education and Relocation Costs -- 10. Executive "Overpayments" -- 11. How Debt and Equity Affect Executive Incentives -- 12. "Hostile" Takeover as Managerial Incentive -- 13. How Honesty Pays in Business -- 14. What Firms Should Do -- 15. Last-Period Problem -- 16. Pricing with Incentives in Mind -- 17. Value of "Mistreating" Customers -- 18. Profits vs. Corporate Social Responsibility -- 19. Why Professors Have Tenure and Businesspeople Don't -- 20. Case Against the Case Against Incentives -- 21. Managerial Lessons in Incentives.
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Richard McKenzie and Dwight Lee show how to select the right incentives and how to use them for the best results. Generously illustrated with examples from business, industry, government, academia, and professional sports, this volume offers a comprehensive overview of incentives, both in theory and in practice, providing a wealth of ideas managers can use to get employees to work harder, smarter, and more cooperatively.