Tuesday, December 9, 2008

Market Microstructure Theory or Designing the Global Corporation

Market Microstructure Theory

Author: Maureen OHara

Written by one of the leading authorities in market microstructure research, this book provides a comprehensive guide to the theoretical work in this important area of finance.

Booknews

Analyzes the development of microstructure theory from the initial inventory models through the information-based and game-theoretic paradigms of recent research. Explains how the main theoretical models work, the evolution of the literature, and the strengths and weaknesses of each approach. Covers strategic trader models based on informed and uninformed traders, information and the price process, market viability and stability, and liquidity and the relationship between markets. Annotation c. Book News, Inc., Portland, OR (booknews.com)



Table of Contents:

About the Author
Foreword
Ch. 1Markets and Market Making1
Ch. 2Inventory Models13
Ch. 3Information-Based Models53
Ch. 4Strategic Trader Models I: Informed Traders89
Ch. 5Strategic Trader Models II: Uninformed Traders129
Ch. 6Information and the Price Process153
Ch. 7Marke t Viability and Stability179
Ch. 8Liquidity and the Relationships Between Markets215
Ch. 9Issues in Market Performance251
References273
Index283

Look this: Trust Betrayal in the Workplace or Tapping into Unstructured Data

Designing the Global Corporation

Author: Jay R Galbraith

For years now, the ubiquitous business watchword has been "keep it simple." But as more and more businesses go global, keeping things simple for customers becomes increasingly complex. Managers must find new ways to deliver solutions—not just stand-alone products—to customers who expect seamless integration no matter where in the world they may be. This book gives readers the skills they need to master this new global complexity and retain their competitive advantage.

Written by an internationally recognized leader in organizational design, Designing the Global Corporation helps companies identify the specific "level of internationalization" they are engaged in, from simply exporting product to managing multiple units that develop and sell product worldwide. It details the methods leading companies at various levels of globalization are using to build their business worldwide. These methods address the myriad issues that confront the modern multinational—issues defined by emerging geopolitical realities, the transformation and convergence of industries, and the strategic selection of new localities. Taken together, these methods form a framework that corporate executives, global strategists, and regional managers can use to create organizational designs that will work best for them given their company's own unique position.

Based on twenty five-years of research with companies around the world, Designing the Global Corporation is the most comprehensive guide to creating organizations that can successfully compete in the global arena. It is the only book that presents solutions for both single businesses and multibusiness corporations, for both transnational and international divisions, and for beginning and experienced global managers alike.

Peter Lorange

A landmark book in many respects. Key issues such as flat networks, project teams, power shifts, and serving the global customer are all covered with great insight.

Nathaniel Foote

The best reference source available on designing and making complex multinational organizations work.

William F. Joyce

Until now there has been no clear, useful approach to problems of global organization design. In Designing the Global Corporation, Jay Galbraith once again displays the insight and clarity of thought that has earned him his acknowledged position as the world's leading authority on organizational design.

Helmut Maucher

Once again, Jay Galbraith presents nuggets of insight for any senior manager leading global organizations!"(Susan Bowick, vice president, human resources, Hewlett-Packard Company"In a time of growing complexity, Jay Galbraith provides concise and valuable insight into an issue that continues to puzzle managers the world over. A must-read for anyone with operational responsibility.

Human Resources

A comprehensive guide to creating organisations that can successfully compete in the global arena.

Booknews

Galbraith (International Institute for Management Development, Lausanne, Switzerland and U. of Southern California) explains how business executives can match a company's strengths and strategies with organizational design options to operate successfully in the global market. He considers such aspects as emerging geopolitical realities, the transformation and convergence of industries, and the strategic selection of new localities. Annotation c. Book News, Inc., Portland, OR (booknews.com)

What People Are Saying

William F. Joyce
Until now there has been no clear, useful approach to problems of global organization design. In Designing the Global Corporation, Jay Galbraith once again displays the insight and clarity of thought that has earned him his acknowledged position as the world's leading authority on organizational design.—(William F. Joyce, professor, Tuck School of Business, DartmouthCollege)


Helmet Maucher
In a time of growing complexity, Jay Galbraith provides concise and valuable insight into an issue that continues to puzzle managers the world over. A must-read for anyone with operational responsibility. —(Helmut Maucher, chairman, Nestle S.A.)


Peter Lorange
A landmark book in many respects. Key issues such as flat networks, project teams, power shifts, and serving the global customer are all covered with great insight. —(Peter Lorange, president, International Institute for Management Development, Lausanne, Switzerland)


Susan Bowick
Once again, Jay Galbraith presents nuggets of insight for any senior manager leading global organizations! —(Susan Bowick, vice president, human resources, Hewlett-Packard Company)


Nathaniel Foote
The best reference source available on designing and making complex multinational organizations work.—(Nathaniel Foote, organization design practice leader, McKinsey & Co.)




Table of Contents:

Preface
Acknowledgments
The Author
1The Challenge of Organizational Complexity1
2Organizing the Global Corporation8
3Levels of International Development27
4Partnering53
5The Geographical Division71
6Multidimensional Structures85
7Coordination Across Networks108
8Formal Cross-Border Networks125
9Shifting Power Across the Network142
10The Transnational Form164
11The Multidimensional Multinational187
12Organizing to Serve the Global Customer213
13The Front-Back Hybrid Organization238
14A Look Ahead270
AppendixThe New Global Process of New -Product Development275
References299
Index305

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