Essence Of Managerial Economics And Management Science

Economics Of Management And Economics Of Management Are The Major Ingredients For A Developing Economy. India, Being On The Threshold Of A Dynamic Managerial Revolution, Needs A Thorough Reorientation And An In-Depth Study In The Field Of Management Science. The Several Chapters Incorporated In This Book Relate To Demand Analysis, Price Fluctuations; Input-Output Ratio; Investment-Return Ratio; The Economies Of Scale, Capital Budgeting, Profit Maximization And Analysis Etc. The Part B Of This Book Refers To The Need For Implementing Scientific Management In The Productive Process. International Competition And Challenges Are Throwing Insurmountable Impediments And Problems For Managerial Efficiency And Effectiveness. Management Science Along With Technology Transfer Would Be The Corner Stone In The 21St Century For Economic Stability And Growth. This Book Has Been Written Keeping In Mind The Above Issues. The Author Is Confident And Hopes That The Book Will Be Of Great Service And Use Not Only To The Student Community But Also To The Executive And Managerial Staff.

This textbook introduces students, managers and trainee managers to the essence of business economics, to those concepts, theories and ideas which form the economist's tool kit.

Methodology is the ?eld which is indisputably complex. In the academic world, it is often said to be important, yet in everyday academic practice, it is not always treated accordingly. In teaching, methodology is often a mandatory course. Usually, it consists of learning how to adopt several common approaches when doing research, and how to conceive a research design (often leading to a survey). This usually leads to collecting data on a modest scale and – when the opportunity arises – analysing the data with the help of some statistics. Ask the students of their opinion at the end of such a course and they tend to heave a deep sigh of relief and say, “I have got through it. ” Then their real courses start again, in which methodology often does not play a role at all. We are of the opinion that writing-off methodology in this way is a real pity. It ignores the valuable role that methodology should play in academic teaching as a whole. Here, methodology is presented as a form of thinking and acting that, while obviously entailing research work, can also include the design and change of organisations. This broad approach has been purposefully chosen, as it is almost obvious from research and graduation projects that the students do not really have a clue what methodology involves and, therefore, wasting their time by producing work that has a little quality.

Economic Foundations of Strategy provides not only the essential basic tenets of strategy, it also shows the inter-relationships of five major theories of the firm: the behavioral theory; transaction costs theory; property rights theory; agency theory; and dynamic resource-based theory. Even though technological, organizational and institutional change advances breathlessly, the theories of the firm provided in this research book are durable principles that have stood, and the author maintains will continue to stand, the test of time. Economic Foundations of Strategy emphasizes the complementarities among these five theories of organization, and the potential for integrating these theories in the evolving science of organization. Applications of these theories to business practice are emphasized throughout the book.

Thoroughly updated to reflect the post-crisis, global, and digital economy.

Managerial Economics for Decision Making is designed for MBA and final year undergraduates taking a module in Managerial Economics. The text is written in a lively and engaging style with the use of mathematics kept to a miniumum. Ample examples and case studies demonstrate how economics can be used as a tool to tackle issues and problems in a business and management context.