Pub Date : 2023-02-20DOI: 10.1177/03063070231157652
Karen Cripps
counting system concerning financial reporting and financial management. With regard to the importance of applied economics, therefore, one cannot separate economics, business and management. Likewise, the author combined the concept in economic theories and its applications to contribute to these theories in other fields. Using these theories, the relationship between management and economics was explored with contexts and implications on market structure and industries, thus providing a clear linkage between economics and business administration (Daft, 2008). With the given contribution, there are weaknesses, which include missing exercises at the end of each chapter, among others. Exercise usefulness to students and instructors at colleges or universities remains inadequate because of the gap that should be covered by providing exercise questions to enhance understanding of the subject matter. This book elaborates on Ostrom’s principles for managing commons. However, detailed understanding of this context belong to new institutional economics where the main focus is market and rationality, which the author admitted that it was beyond the book’s scope. Based on Ostrom’s findings (p. 136), there is a further debate on common goods could be applied in institutional governance. Notwithstanding the book’s prominent contribution, chapter 4 has failed to provide rigorous discussion on demand and supply factors such as tax, interest rates and regulations. The author has to explain how the modern economy is driven by different taxation approaches that affect consumers and producers. Reserve banks have also experienced fast economic growth; thus, other monetary policies have been issued, which include the change of interest rates associated with various regulations in different sectors.
{"title":"Book Review: Sustainability – We Need to Talk","authors":"Karen Cripps","doi":"10.1177/03063070231157652","DOIUrl":"https://doi.org/10.1177/03063070231157652","url":null,"abstract":"counting system concerning financial reporting and financial management. With regard to the importance of applied economics, therefore, one cannot separate economics, business and management. Likewise, the author combined the concept in economic theories and its applications to contribute to these theories in other fields. Using these theories, the relationship between management and economics was explored with contexts and implications on market structure and industries, thus providing a clear linkage between economics and business administration (Daft, 2008). With the given contribution, there are weaknesses, which include missing exercises at the end of each chapter, among others. Exercise usefulness to students and instructors at colleges or universities remains inadequate because of the gap that should be covered by providing exercise questions to enhance understanding of the subject matter. This book elaborates on Ostrom’s principles for managing commons. However, detailed understanding of this context belong to new institutional economics where the main focus is market and rationality, which the author admitted that it was beyond the book’s scope. Based on Ostrom’s findings (p. 136), there is a further debate on common goods could be applied in institutional governance. Notwithstanding the book’s prominent contribution, chapter 4 has failed to provide rigorous discussion on demand and supply factors such as tax, interest rates and regulations. The author has to explain how the modern economy is driven by different taxation approaches that affect consumers and producers. Reserve banks have also experienced fast economic growth; thus, other monetary policies have been issued, which include the change of interest rates associated with various regulations in different sectors.","PeriodicalId":46142,"journal":{"name":"JOURNAL OF GENERAL MANAGEMENT","volume":"48 1","pages":"331 - 333"},"PeriodicalIF":2.1,"publicationDate":"2023-02-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49559071","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-02-01DOI: 10.1177/03063070231152010
A. D'Amato
Within management studies and practice, the construct of organizational climate has long been studied, its theoretical value, support to human resource management and organizational development. Despite the sustained interest in this construct, theoretical and terminological inconsistencies have hindered the development of a shared framework. For the vested interest of companies and their persistent use for change management, a summative framework is essential. This study is a systematic review of the major frameworks that are available in the field, and it attempts to surface and summarize the major components of organizational climate. Thirteen compelling dimensions consistently emerged at the foundation of the construct, and these dimensions are Communication, Supervision/Leadership, Team Cohesion, Autonomy/self-governance, Psycho-Physical Environment, Reward Systems/Structures, Innovation, Decision-making, Job Description, Role Meaning and Goals, Coherence between Strategy and Operational Implementation/Fairness, Integration and Dynamism and Freedom of Expression. For each dimension, an operational definition is provided. Therefore, a comprehensive map of the construct is provided for the benefit of academics and practitioners to have a common language and for the development of analytics to be validated across and beyond hierarchy, sector and regional boundaries and an instrument of benchmark.
{"title":"From research to action and back again: The long journey of organizational climate – A review of the literature and a summative framework","authors":"A. D'Amato","doi":"10.1177/03063070231152010","DOIUrl":"https://doi.org/10.1177/03063070231152010","url":null,"abstract":"Within management studies and practice, the construct of organizational climate has long been studied, its theoretical value, support to human resource management and organizational development. Despite the sustained interest in this construct, theoretical and terminological inconsistencies have hindered the development of a shared framework. For the vested interest of companies and their persistent use for change management, a summative framework is essential. This study is a systematic review of the major frameworks that are available in the field, and it attempts to surface and summarize the major components of organizational climate. Thirteen compelling dimensions consistently emerged at the foundation of the construct, and these dimensions are Communication, Supervision/Leadership, Team Cohesion, Autonomy/self-governance, Psycho-Physical Environment, Reward Systems/Structures, Innovation, Decision-making, Job Description, Role Meaning and Goals, Coherence between Strategy and Operational Implementation/Fairness, Integration and Dynamism and Freedom of Expression. For each dimension, an operational definition is provided. Therefore, a comprehensive map of the construct is provided for the benefit of academics and practitioners to have a common language and for the development of analytics to be validated across and beyond hierarchy, sector and regional boundaries and an instrument of benchmark.","PeriodicalId":46142,"journal":{"name":"JOURNAL OF GENERAL MANAGEMENT","volume":" ","pages":""},"PeriodicalIF":2.1,"publicationDate":"2023-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48025555","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-01-24DOI: 10.1177/03063070231152976
Hanan AlMazrouei
This study investigates the impact of COVID-19 pandemic on leadership styles within Australian public sector organizations during the COVID-19 pandemic. A qualitative methodology was employed for this research consisting of semi-structured interviews with 50 managers. The study results suggest the pandemic affected managers’ leadership style, managers’ and employees’ emotions, stress and anxiety, and organizational performance and productivity. Changes in leadership style to incorporate being supportive, informative, and motivational to match the change in situation were found to be effective. This addresses a gap in the literature by identifying these three leadership styles as being important for employee support during the pandemic.
{"title":"The effect of COVID-19 on managerial leadership style within Australian public sector organizations","authors":"Hanan AlMazrouei","doi":"10.1177/03063070231152976","DOIUrl":"https://doi.org/10.1177/03063070231152976","url":null,"abstract":"This study investigates the impact of COVID-19 pandemic on leadership styles within Australian public sector organizations during the COVID-19 pandemic. A qualitative methodology was employed for this research consisting of semi-structured interviews with 50 managers. The study results suggest the pandemic affected managers’ leadership style, managers’ and employees’ emotions, stress and anxiety, and organizational performance and productivity. Changes in leadership style to incorporate being supportive, informative, and motivational to match the change in situation were found to be effective. This addresses a gap in the literature by identifying these three leadership styles as being important for employee support during the pandemic.","PeriodicalId":46142,"journal":{"name":"JOURNAL OF GENERAL MANAGEMENT","volume":" ","pages":""},"PeriodicalIF":2.1,"publicationDate":"2023-01-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48543435","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-01-07DOI: 10.1177/03063070221148870
T. A. Hart, Adrien Bouchet
Recent work in stakeholder theory argues that additional research into how multi-stakeholder value creation happens is an important focus for the field. However, despite calls for greater attention to this area, there are few examples of how that can happen or what it looks like. This study examines how Volkswagen did just that: created value for multiple stakeholders, nearly simultaneously, over a multi-generational time period, all while overcoming an epic scandal.
{"title":"Simultaneous multi-stakeholder value creation: How Volkswagen made it happen in Wolfsburg","authors":"T. A. Hart, Adrien Bouchet","doi":"10.1177/03063070221148870","DOIUrl":"https://doi.org/10.1177/03063070221148870","url":null,"abstract":"Recent work in stakeholder theory argues that additional research into how multi-stakeholder value creation happens is an important focus for the field. However, despite calls for greater attention to this area, there are few examples of how that can happen or what it looks like. This study examines how Volkswagen did just that: created value for multiple stakeholders, nearly simultaneously, over a multi-generational time period, all while overcoming an epic scandal.","PeriodicalId":46142,"journal":{"name":"JOURNAL OF GENERAL MANAGEMENT","volume":" ","pages":""},"PeriodicalIF":2.1,"publicationDate":"2023-01-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49394162","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-01-02DOI: 10.1177/03063070221149680
Lynn Ling, L. Jong, Wendy Law, F. Chieng
This study constructs a family director board governance index (FBGI) and examines its impact on the firm performance. This motivation is prompted by the literature and theoretical gaps. Despite the pervasiveness of family firms around the world and their significant contribution to the economy, past studies have not developed a board governance index to address the Type II agency conflict in family firms. A panel data of 1105 firm-year observations based on 221 family firms from 2016 to 2020 is used in this study. Two-way fixed-effects estimation with cluster-robust standard errors is employed to examine the association between the proposed FBGI and firm performance. System generalized method of moments is adopted to validate the results. The statistical results report a significant negative association between FBGI and firm performance. The findings suggest that Malaysian family firms have the tendency to tailor the board composition, and such composition is detrimental to the firm performance. The proposed index may be useful for the policy-makers and regulators to assess the board composition and governance role of family directors in Malaysian family firms. Furthermore, the index may be of interest to the potential investors of family firms when evaluating the board governance and making investment decisions.
{"title":"Family director board governance index: An analysis of family directors and firm performance in Malaysia","authors":"Lynn Ling, L. Jong, Wendy Law, F. Chieng","doi":"10.1177/03063070221149680","DOIUrl":"https://doi.org/10.1177/03063070221149680","url":null,"abstract":"This study constructs a family director board governance index (FBGI) and examines its impact on the firm performance. This motivation is prompted by the literature and theoretical gaps. Despite the pervasiveness of family firms around the world and their significant contribution to the economy, past studies have not developed a board governance index to address the Type II agency conflict in family firms. A panel data of 1105 firm-year observations based on 221 family firms from 2016 to 2020 is used in this study. Two-way fixed-effects estimation with cluster-robust standard errors is employed to examine the association between the proposed FBGI and firm performance. System generalized method of moments is adopted to validate the results. The statistical results report a significant negative association between FBGI and firm performance. The findings suggest that Malaysian family firms have the tendency to tailor the board composition, and such composition is detrimental to the firm performance. The proposed index may be useful for the policy-makers and regulators to assess the board composition and governance role of family directors in Malaysian family firms. Furthermore, the index may be of interest to the potential investors of family firms when evaluating the board governance and making investment decisions.","PeriodicalId":46142,"journal":{"name":"JOURNAL OF GENERAL MANAGEMENT","volume":" ","pages":""},"PeriodicalIF":2.1,"publicationDate":"2023-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42874975","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-01-01DOI: 10.1177/03063070211064587
Xinhua Liu, Peng Guo, Ning-sheng Guo, Juana Du
This article associates cooperative willingness and positive behavior to fairness preference in temporary cooperation. Drawing on social exchange theory and project citizenship behaviors, the analysis indicates that cooperative positivity for temporary organizations is essentially built on organizational justice by constructing the structural equation and the multiple mediator models. The findings show that the comprehensive effect of organizational justice, especially distributive justice, has a driving effect on the willingness of inter-organizational cooperation and positive behaviors. Further, cooperative willingness, as a mediating factor, is helpful for facilitating voluntary behaviors, both in the willingness of additional investment and communication. Specifically, effective communication among cooperators is considered the perfect way for eliciting proactivity under temporary relationships, for improving cooperative perception and satisfaction. In sum, this study offers ideas on how organizational fairness preferences fare in cooperative behavior in temporary organizations to promote inter-organizational cooperation effectively.
{"title":"Linking organizational justice with positive behavior in temporary organization: The mediating role of cooperative willingness","authors":"Xinhua Liu, Peng Guo, Ning-sheng Guo, Juana Du","doi":"10.1177/03063070211064587","DOIUrl":"https://doi.org/10.1177/03063070211064587","url":null,"abstract":"This article associates cooperative willingness and positive behavior to fairness preference in temporary cooperation. Drawing on social exchange theory and project citizenship behaviors, the analysis indicates that cooperative positivity for temporary organizations is essentially built on organizational justice by constructing the structural equation and the multiple mediator models. The findings show that the comprehensive effect of organizational justice, especially distributive justice, has a driving effect on the willingness of inter-organizational cooperation and positive behaviors. Further, cooperative willingness, as a mediating factor, is helpful for facilitating voluntary behaviors, both in the willingness of additional investment and communication. Specifically, effective communication among cooperators is considered the perfect way for eliciting proactivity under temporary relationships, for improving cooperative perception and satisfaction. In sum, this study offers ideas on how organizational fairness preferences fare in cooperative behavior in temporary organizations to promote inter-organizational cooperation effectively.","PeriodicalId":46142,"journal":{"name":"JOURNAL OF GENERAL MANAGEMENT","volume":"48 1","pages":"127 - 140"},"PeriodicalIF":2.1,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44662083","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-01-01DOI: 10.1177/03063070221080559
Parul Choudhary, Amit Datta
{"title":"Book Review: Green HRM: A Climate Conscious Route to Triple Bottom Line","authors":"Parul Choudhary, Amit Datta","doi":"10.1177/03063070221080559","DOIUrl":"https://doi.org/10.1177/03063070221080559","url":null,"abstract":"","PeriodicalId":46142,"journal":{"name":"JOURNAL OF GENERAL MANAGEMENT","volume":"48 1","pages":"222 - 223"},"PeriodicalIF":2.1,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46068956","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-12-30DOI: 10.1177/03063070211070251
Anna Żukowicka-Surma, Albrecht Fritzsche
The article investigates organisational drivers and restrainers of innovation in hospitals on the background of different institutional logics. It presents evidence from a multiple case study in Polish hospitals, which reveals different dynamics on the micro-, meso- and macro-level of organisations in enabling and implementing new procedures and technologies. In particular, the study documents an ambiguous influence of medical professionalism as a specific logic in the healthcare sector, which can affect innovation positively as well as negatively. The article therefore proposes a managerial framework based in innovation action commitment to control the effects of professionalism in healthcare.
{"title":"Organisational support for healthcare innovation in hospitals: Towards a commitment framework","authors":"Anna Żukowicka-Surma, Albrecht Fritzsche","doi":"10.1177/03063070211070251","DOIUrl":"https://doi.org/10.1177/03063070211070251","url":null,"abstract":"The article investigates organisational drivers and restrainers of innovation in hospitals on the background of different institutional logics. It presents evidence from a multiple case study in Polish hospitals, which reveals different dynamics on the micro-, meso- and macro-level of organisations in enabling and implementing new procedures and technologies. In particular, the study documents an ambiguous influence of medical professionalism as a specific logic in the healthcare sector, which can affect innovation positively as well as negatively. The article therefore proposes a managerial framework based in innovation action commitment to control the effects of professionalism in healthcare.","PeriodicalId":46142,"journal":{"name":"JOURNAL OF GENERAL MANAGEMENT","volume":"48 1","pages":"355 - 369"},"PeriodicalIF":2.1,"publicationDate":"2022-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49043658","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-12-24DOI: 10.1177/03063070221147742
G. Newell, M. Marzuki
The alternate real estate sectors (including healthcare, data centres, self-storage, university student accommodation and infrastructure) have taken on increased importance in recent years with institutional investors, as they have sought to broaden their real estate sector exposure. This has been driven by key real estate investment factors, including the changing global demographics, advances in technology and the impact of COVID-19. Importantly, this trend is expected to continue and has a major influence on real estate management and strategies by institutional investors going forward. Using a range of alternate real estate sectors across several countries (US, UK and globally) in the direct, non-listed and listed real estate spaces, this paper examines the risk-adjusted performance and portfolio diversification benefits of these alternate real estate sectors compared to the standard asset classes in the portfolios of institutional investors. The real estate management and strategic implications for institutional investors going forward are also assessed.
{"title":"The increasing importance of the alternate real estate sectors for institutional investors","authors":"G. Newell, M. Marzuki","doi":"10.1177/03063070221147742","DOIUrl":"https://doi.org/10.1177/03063070221147742","url":null,"abstract":"The alternate real estate sectors (including healthcare, data centres, self-storage, university student accommodation and infrastructure) have taken on increased importance in recent years with institutional investors, as they have sought to broaden their real estate sector exposure. This has been driven by key real estate investment factors, including the changing global demographics, advances in technology and the impact of COVID-19. Importantly, this trend is expected to continue and has a major influence on real estate management and strategies by institutional investors going forward. Using a range of alternate real estate sectors across several countries (US, UK and globally) in the direct, non-listed and listed real estate spaces, this paper examines the risk-adjusted performance and portfolio diversification benefits of these alternate real estate sectors compared to the standard asset classes in the portfolios of institutional investors. The real estate management and strategic implications for institutional investors going forward are also assessed.","PeriodicalId":46142,"journal":{"name":"JOURNAL OF GENERAL MANAGEMENT","volume":"49 1","pages":"46 - 64"},"PeriodicalIF":2.1,"publicationDate":"2022-12-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45424428","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-12-20DOI: 10.1177/03063070221128379
Damian Boniface Sambuo
Principles of Microeconomics by Martin Kolmer is an economic book focusing on microeconomics that contributes to understanding the modern economy with an insight into economic theories linked with emerging social science and cultural issues. The current economy is driven by the digital era that has affected market forces and new research opportunities. In this regard, world economic issues such as comparative advantages, economic growth, price discrimination, and labour issues need to be explored (Donepudi et al., 2020; Murdock, 2020). Therefore, the book is a guiding resource for scholars engaged in economic issues. The book has fourteen (14) chapters, chapter 1 deals with introduction to economics, its scope and definitions. Describing the concept of opportunity cost in this chapter, author argues that individuals’ opportunity cost may also be irrational. The argument considers a behaviour like volunteering may substitute employment for the same job with effective use of money allocated to that job. Therefore, effective altruism is required. Chapter 2 (p. 25) discusses the theory of comparative advantage as a robust to the laws governing production. Chapter 3 covers market, market structure and contract law that support market institutions (Elsner et al., 2015: 49–53). Chapter 4 analyse the competitive market under the theories of supply and demand with inclusion of factors such as price of good, quantity, customers’ income (wealth), taste (preferences), resources for inputs, changes in technology and expectations (Berry and Haile, 2021). The author explores the interrelationship of these factors; however, there is a rare discussion given on how changes in taxes, regulations, employment and production could affect demand and supply. Chapter 5 and 6 emphasises the performance of market coordination in various economic activities with the influence of the institution’s role. In this chapter, Pareto efficiency was the main discussion elaborated as the first theorem of welfare economics (pp. 83–97). Chapter 7 discusses consumer behaviour, axioms with respective assumptions. Regarding this chapter, choices influence a firm’s decisions for a given cost analysis using substitution effects and indifference curves. Different costs and analyses were described in chapter 8 using the Cost treatment approach (p. 188). Chapter 9 elaborates on profit maximisation based on the supply behaviour of a firm, application of marginal and average cost functions. Several graphical representations were used to show a relationship between costs, revenue and marginal costs (Syverson, 2019). The monopolistic market behaviour of a firm has been discussed in chapter 10 with an in-depth clarification of price discrimination as an essential tool. The main argument is on brands are important for customers in a monopolistic market structure to increase competition in an economy. Meanwhile, chapter 11 is a game theory discussion. Chapter 12 elaborates different strategies to max
马丁·科尔默（Martin Kolmer）的《微观经济学原理》（Principles of Microeconomics）是一本专注于微观经济学的经济学书籍，有助于理解现代经济，深入了解与新兴社会科学和文化问题相关的经济理论。当前的经济是由数字时代驱动的，数字时代影响了市场力量和新的研究机会。在这方面，需要探讨比较优势、经济增长、价格歧视和劳工问题等世界经济问题（Donepudi et al.，2020；默多克，2020）。因此，该书是从事经济问题的学者的指导性资源。本书共十四（14）章，第一章介绍经济学导论、经济学的范围和定义。在本章中，作者对机会成本的概念进行了描述，认为个人的机会成本也可能是不合理的。该论点认为，像志愿服务这样的行为可以通过有效使用分配给同一份工作的资金来代替工作。因此，需要有效的利他主义。第2章（第25页）讨论了比较优势理论作为生产规律的稳健性。第3章涵盖了支持市场机构的市场、市场结构和合同法（Elsner et al.，2015:49-53）。第4章分析了供需理论下的竞争市场，包括商品价格、数量、客户收入（财富）、品味（偏好）、投入资源、技术变化和期望等因素（Berry和Haile，2021）。作者探讨了这些因素之间的相互关系；然而，很少有人讨论税收、法规、就业和生产的变化如何影响需求和供应。第5章和第6章强调了在制度作用的影响下，市场协调在各种经济活动中的表现。在本章中，帕累托效率是作为福利经济学第一定理阐述的主要讨论（第83-97页）。第7章讨论消费者行为，公理和各自的假设。关于本章，使用替代效应和无差别曲线，选择会影响企业对给定成本分析的决策。第8章使用成本处理方法描述了不同的成本和分析（第188页）。第9章阐述了基于企业供应行为的利润最大化，边际和平均成本函数的应用。使用了几种图形表示来显示成本、收入和边际成本之间的关系（Syverson，2019）。第10章讨论了企业的垄断市场行为，并深入澄清了价格歧视这一重要工具。主要论点是，在垄断市场结构中，品牌对客户来说很重要，可以增加经济中的竞争。同时，第11章是博弈论的讨论。第12章通过对库诺双寡头和伯特兰模型的描述，阐述了效用最大化的不同策略（Elsner et al.，2015）。然而，这两个模型只是多年来发展起来的寡头垄断市场行为模型的冰山一角。第13章介绍了一个关于航空业的案例研究，并详细讨论了瑞士航空公司的停飞问题（第303页）。作者旨在将不同的理论联系起来，让读者理解复杂的经济和社会问题。然而，作者同意，要有一个充分的案例研究，将所有与科学理论相关的经济问题的复杂性结合起来，是一项挑战。第14章用复杂的数学线性函数来满足这种关系，并详细讨论了价格弹性。
{"title":"Book reviews: Principles of microeconomics: An integrative approach","authors":"Damian Boniface Sambuo","doi":"10.1177/03063070221128379","DOIUrl":"https://doi.org/10.1177/03063070221128379","url":null,"abstract":"Principles of Microeconomics by Martin Kolmer is an economic book focusing on microeconomics that contributes to understanding the modern economy with an insight into economic theories linked with emerging social science and cultural issues. The current economy is driven by the digital era that has affected market forces and new research opportunities. In this regard, world economic issues such as comparative advantages, economic growth, price discrimination, and labour issues need to be explored (Donepudi et al., 2020; Murdock, 2020). Therefore, the book is a guiding resource for scholars engaged in economic issues. The book has fourteen (14) chapters, chapter 1 deals with introduction to economics, its scope and definitions. Describing the concept of opportunity cost in this chapter, author argues that individuals’ opportunity cost may also be irrational. The argument considers a behaviour like volunteering may substitute employment for the same job with effective use of money allocated to that job. Therefore, effective altruism is required. Chapter 2 (p. 25) discusses the theory of comparative advantage as a robust to the laws governing production. Chapter 3 covers market, market structure and contract law that support market institutions (Elsner et al., 2015: 49–53). Chapter 4 analyse the competitive market under the theories of supply and demand with inclusion of factors such as price of good, quantity, customers’ income (wealth), taste (preferences), resources for inputs, changes in technology and expectations (Berry and Haile, 2021). The author explores the interrelationship of these factors; however, there is a rare discussion given on how changes in taxes, regulations, employment and production could affect demand and supply. Chapter 5 and 6 emphasises the performance of market coordination in various economic activities with the influence of the institution’s role. In this chapter, Pareto efficiency was the main discussion elaborated as the first theorem of welfare economics (pp. 83–97). Chapter 7 discusses consumer behaviour, axioms with respective assumptions. Regarding this chapter, choices influence a firm’s decisions for a given cost analysis using substitution effects and indifference curves. Different costs and analyses were described in chapter 8 using the Cost treatment approach (p. 188). Chapter 9 elaborates on profit maximisation based on the supply behaviour of a firm, application of marginal and average cost functions. Several graphical representations were used to show a relationship between costs, revenue and marginal costs (Syverson, 2019). The monopolistic market behaviour of a firm has been discussed in chapter 10 with an in-depth clarification of price discrimination as an essential tool. The main argument is on brands are important for customers in a monopolistic market structure to increase competition in an economy. Meanwhile, chapter 11 is a game theory discussion. Chapter 12 elaborates different strategies to max","PeriodicalId":46142,"journal":{"name":"JOURNAL OF GENERAL MANAGEMENT","volume":"48 1","pages":"330 - 331"},"PeriodicalIF":2.1,"publicationDate":"2022-12-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46668709","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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