The dynamics of organizational structures and performances under diverging distributions of knowledge and different power structures
AbstractIn this work we analyze the characteristics and dynamics of organi- zations wherein members diverge in terms of capabilities and visions they hold, and interests which they pursue. How does society put together such distributed and possibly coflicting knowledge? The question is "Hayekian" in its emphasis on the distributed features of the latter. However, our analytical point of departure is quite "anti- Hayekian" in that it focuses on how organizations aggregate and put to use such knowledge by means of di®erent combinations among power of allocation of decisions and exercise of authority. Together, organizational power shapes the very preferences of organizational members. More specifically, we study the efficiency of different balances between the three foregoing mechanisms. In all that, organization for sure "aggregate" and make compatible different pieces of distributed knowledge, but the causation arrow goes also the other way round: organizations shape the characteristics and distribution of knowledge itself, and of the micro "visions" and judgements.
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Bibliographic InfoPaper provided by Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy in its series LEM Papers Series with number 2013/14.
Date of creation: 08 Jul 2013
Date of revision:
authority; power; distributed knowledge;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-07-15 (All new papers)
- NEP-CBE-2013-07-15 (Cognitive & Behavioural Economics)
- NEP-HME-2013-07-15 (Heterodox Microeconomics)
- NEP-HRM-2013-07-15 (Human Capital & Human Resource Management)
- NEP-KNM-2013-07-15 (Knowledge Management & Knowledge Economy)
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