This preview shows pages 1–2. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: To successful firms assign decision rights in ways that effectively link decision- making authority with the relevant information for making good decisions. Therefore, management must also ensure that the companys reward and performance-evaluation system provide decision makers with appropriate incentives to make value-increasing decisions. 3) Define Economic Darwinism? Economic Darwinism in operation as completion weeds out ill-designed organizations that fail to adapt. 4) Define benchmarking Benchmarking generally means looking at those companies that are doing something best and learning how they do it in order to emulate them....
View Full Document
This note was uploaded on 08/11/2011 for the course FIN 3604 taught by Professor Patterson during the Spring '10 term at University of South Florida - Tampa.
- Spring '10