Self-Management and Efficiency

Large Corporations in Yugoslavia

Business & Finance, Career Planning & Job Hunting, Labor, Management & Leadership, Management
Cover of the book Self-Management and Efficiency by Stephen R. Sacks, Taylor and Francis
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Author: Stephen R. Sacks ISBN: 9781351388382
Publisher: Taylor and Francis Publication: October 3, 2017
Imprint: Routledge Language: English
Author: Stephen R. Sacks
ISBN: 9781351388382
Publisher: Taylor and Francis
Publication: October 3, 2017
Imprint: Routledge
Language: English

The book, first published in 1983, examined whether the Yugoslavs’ extensive implementation of their principle of self-management by small work units was costly in terms of economic efficiency. Were they atomizing their firms into inefficiently small fragments? Was the system of worker self-management appropriate only for small firms? Can a modern industrial enterprise of efficient scale, indeed very large scale, by run that way? In order to answer these questions, the author applies to large firms in former Yugoslavia the transactions cost analysis developed by the economist Oliver Williamson.

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The book, first published in 1983, examined whether the Yugoslavs’ extensive implementation of their principle of self-management by small work units was costly in terms of economic efficiency. Were they atomizing their firms into inefficiently small fragments? Was the system of worker self-management appropriate only for small firms? Can a modern industrial enterprise of efficient scale, indeed very large scale, by run that way? In order to answer these questions, the author applies to large firms in former Yugoslavia the transactions cost analysis developed by the economist Oliver Williamson.

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