 |
We literally need rules of the game. Hierarchies provide such rules. In a sense, they are the key rules in a modern economy.
|
021 |
 |
In the absence of formal hierarchy, other authority relations… emerge to fill the void.
|
035 |
 |
…very flat hierarchies with a high degree of employee empowerment can work – but only under special circumstances.
|
109 |
 |
Passing information up and down the hierarchy slows down decision-making and is costly in other ways…
|
125 |
 |
…flat management structures can induce more micro-management than vertical hierarchies.
|
133 |
 |
The insight that leadership, authority, and hierarchy perform useful functions is as true today as it was in the days of important organization and management thinkers…
|
135 |
 |
So hierarchy seems to be central for understanding of what firms are and do for the functioning of the economy.
|
142 |
 |
Indeed, the traditional hierarchically organized company has remarking staying power.
|
144 |
 |
A well-designed hierarchy helps coordinate people and tasks. It lets the right hand cooperate with the left. It establishes routines, policies, and procedures – the rules of the game…
|
150 |
 |
Hierarchy represents an effort to solve the universal twin problems of coordination and cooperation faced by any social group.
|
151 |
