engleski

The Economic Theory, Motivation and Communication inside the Firm

The paper deals with the selected aspect of the theory of the firm in the context with the motivation and communication of the people. The point of view of the neoclassical microeconomics is quite simple: the motivation of the people results from their goals, usually maximum of utility. In fact the economic environment is complicated and uncertain. Some economists argue that firm is organism with internal structure, individuals decided in conditions of lack of information. Moreover access to information is asymmetric. For that reason is good communication inside of firm and well functioning system of motivation is for success of the firm condition sine qua non. An important ask of economics theory is to the incorporate process inside the firm including communication and motivation into the analysis. The paper started theory of transaction costs and its influence on the internal structure of the firm. The paper also deals with the control and ownership separation as an important factor of the potential diversion in the interests of owners and dominated group in the firm and agency theory. The identification with the firm as an important factor of staff motivation is regarded in the article.

theory of the firm; alternative theories of the firm ownership and control; agency theory

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