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Visionaries, Managers, and Strategic Direction
Oleh:
Saloner, Garth
;
Rotemberg, Julio
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Rand Journal of Economics vol. 31 no. 4 (2000)
,
page 693-716.
Topik:
STRATEGIC
;
visionaries
;
managers
;
strategic direction
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
RR10.4
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
Incentives for profitable innovation may be enhanced by employing a "visionary" CEO whose "vision" biases him in favor of certain projects. CEO vision changes which projects get implemented and thus affects the incentives of employees who can be compensated for their innovative ideas only when they become embodied in implemented projects. Profits may be enhanced further by letting objective managers decide which projects to investigate even though their decisions can depart from the firm's "strategy" by differing from those the CEO would have made.
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