Managerial Discretion

Yair Aharoni

Chapter 12 in Standing on the Shoulders of International Business Giants:In Memory of Yair Aharoni, 2024, pp 181-191 from World Scientific Publishing Co. Pte. Ltd.

Abstract: It is generally agreed that state ownership presents a different management situation from private ownership, that the behavior of managers in state-owned enterprises differs from that of managers in private enterprises, and that these differences vary according to the national setting. This paper argues that differences in management behavior are best analyzed in terms of managerial discretion. Managerial discretion, according to Williamson, is defined as the ability of managers to choose and pursue objectives and strategies that differ from those of the owners…

Keywords: International Business; Internationalization; Strategy; Service Economy; Start-Up High-Technology Companies; High-Technology; Managerial Decision-Making; Business Education; State-Owned Enterprises; Small- and Medium-Sized Enterprises (search for similar items in EconPapers)
JEL-codes: L26 M1 M16 (search for similar items in EconPapers)
Date: 2024
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