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About This Book:

Title: Executive Economics: Ten Essential Tools for Managers

Details
Language:        English

Size
Length:        286 Pages
Weight:        1.4 Pounds
Height:         10 Inches
Width:          6.5 Inches
Thickness:    1.5 Inches



Publisher Notes
What do economists know that business executives find useful? Economics ought to be indispensable for business decision-makers because it deals with the issues executives face daily: what to produce, how and how much, at what price, how best to use resources (time, labor, capital), how to understand markets. Why, then, do managers often think that economists' theories are ivory-tower and impractical? Perhaps because most economics texts are mystifying, jargon-ridden, and written from every perspective except that of the line manager. In Executive Economics: Ten Essential Tools for Managers, Shlomo Maital brings economics down to earth, back to the hard day-to-day decisions that executives have to make. He shows how all decisions can be organized around two key questions: What is it worth? What must I give up to get it? Answering these questions depends upon finding and maintaining the right relation in the "triangle of profit" -- cost, price, and value. Each of Executive Economics' ten chapters focuses on one or more legs of the triangle of profit, defines a decision tool, and illustrates how it can be used to improve the quality of executive decisions. Drawing on recent examples from both Fortune 500 firms and smaller companies, Maital shows why economics' main contribution is to deepen executives' understanding of the structure of their costs, and to explain why some of a business's highest expenses are those that never appear on a check stub or in a profit-and-loss statement. Executive Economics is written for executives, about executives, and by an author who has both taught executives at MIT's Sloan School of Management for over a decade and served as a consultant to small and large businesses. It is must reading for executives who need simple, effective decision-making tools to give them an edge in today's competitive global economy.



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Book Details Summary: The title of this book is Executive Economics: Ten Essential Tools for Managers and it was written by Shlomo Maital. This edition of Executive Economics: Ten Essential Tools for Managers is in a Hardcover format. This books publish date is May 1994 and it has a suggested retail price of $29.95. There are 286 pages in the book and it was published by Free Pr. The 10 digit ISBN is 0029197856 and the 13 digit ISBN is 9780029197851. For the most current lowest price, Click Here.