Nicolai J. Foss, Peter G. Klein Books
Nicolai J. Foss is a professor of strategy at the Copenhagen Business School and the Norwegian School of Economics.
Known for: Why Managers Matter: The Perils of the Bossless Company
Books by Nicolai J. Foss, Peter G. Klein
Why Managers Matter: The Perils of the Bossless Company
In 'Why Managers Matter: The Perils of the Bossless Company', Nicolai J. Foss and Peter G. Klein argue that despite the growing popularity of flat organizations and self-management, managers remain essential for coordination, accountability, and strategic direction. Drawing on economic theory, organizational research, and real-world case studies, the authors explain why hierarchy, when properly designed, enhances efficiency and innovation rather than stifling it.
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Historical Context: The Evolution of Managerial Roles and Hierarchies
From the earliest industrial enterprises to the sprawling multinationals of the twentieth century, hierarchy has been a defining feature of organized human endeavor. The managerial class arose not from greed for control but from the practical need to coordinate complex, interdependent tasks as the s...
From Why Managers Matter: The Perils of the Bossless Company
Theoretical Foundations: Why Hierarchy and Management Exist
Economic theory provides the groundwork for understanding why managers exist. Ronald Coase’s concept of the firm as a response to transaction costs is central here: markets, while efficient for exchanges between independent actors, impose costs on coordination, communication, and contract enforcemen...
From Why Managers Matter: The Perils of the Bossless Company
About Nicolai J. Foss, Peter G. Klein
Nicolai J. Foss is a professor of strategy at the Copenhagen Business School and the Norwegian School of Economics. Peter G. Klein is a professor of entrepreneurship and corporate innovation at Baylor University. Both are leading scholars in organizational economics and management theory.
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Nicolai J. Foss is a professor of strategy at the Copenhagen Business School and the Norwegian School of Economics.
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