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The Modern Firm - Book Report/Review Example

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The focus of this paper is on "The Modern Firm" as an exceptional book on business management that looks into the increasingly changing environment of the business world and the needs and demands that seek out such changes. The look has summed up author's entire studies in the field of business firms…
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The Modern Firm
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Extract of sample "The Modern Firm"

Download file to see previous pages According to the Economist, The Modern Firm is the "..best business book of the year...deserves to be a classic...Nobody, it can now be said, is fully fit to run a modern firm until they have read "The Modern Firm. " (The Economist, 16th December 2004).
In this book, a strong conceptual framework has been developed to analyze the interrelation between business environment, competitive strategy and organizational design features. According to Fredrick Tell, the essential problem that Roberts discusses is how features of strategy and organization can be modified by a “designer” so as to achieve a higher level of performance in relation to the firm’s context.
Industries from all the corners of the globe are introducing new and modern designs for their organizations. They are going in for better and innovative architecture. They are changing their processes and routines. Thus, we find that the total corporate culture is undergoing a dramatic transformation in a bid to maximize its profit. However, all these changes are contributing to a great upheaval that promises to reconstruct the entire organization. Hence, we can see that the values and beliefs of any organization are greatly transformed with the passage of time. The changes do not stop at the infrastructure level but move on to the power making authorities too. Hence, newer governing bodies are being formed within the organizations that affect the overall decision-making authority. The organizational charts are being redrawn while the manpower is shrunk and made as diverse as possible. Outsourcing is also coming up as a cost-effective and simple solution that solves much of the productivity problems. The mechanism to reward and motivate people is being revamped. The information system is also being redesigned to include the latest technologies. Hence, the entire organization is suffering a facelift to present the business in a healthier and better way.
John Robert argues in favour of these changes as he says that they are compulsory for the growth of the industries. He says that these changes would affect the organization in a better way and accelerate the companies’ performance and growth. However, the writer cautions that the change should not be done to the cost of the basic profit formula. ...Download file to see next pagesRead More
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