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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 pro duce, 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-rid den, 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.

Formulating strategy is one thing. Executing it throughout the entire organization... well, that?s the really hard part. Without effective execution, no business strategy can succeed. Unfortunately, most managers know far more about developing strategy than about executing it--and overcoming the difficult political and organizational obstacles that stand in their way. In this book, Larry Hrebiniak offers a comprehensive, disciplined process model for making strategy work in the real world. Hrebiniak shows why execution is even more important than many senior executives realize, and sheds powerful new light on why businesses fail to deliver on even their most promising strategies. He offers a systematic roadmap for execution that encompasses every key success factor: organizational structure, coordination, information sharing, incentives, controls, change management, culture, and the role of power and influence in the execution process. Making Strategy Work concludes with a start-to-finish case study showing how to use Hrebiniak?s ideas to address one of today?s most difficult business execution challenges: ensuring the success of a merger or acquisition. The advice on making M&A strategies work justifies the addition of this book to any execution toolkit. Building the capabilities and culture you?ll need to execute How to align your organization?s skills, resources, and culture around the strategies you?re pursuing Integrating long-term strategy with short-term operations Why managing the short-term is crucial to the success of long-term strategy Ensuring robust coordination... up, down, and sideways Effective information sharing andcooperation: bringing coherence and focus to execution Managing change, including culture change Avoiding "speed traps," resistance, and other change-related problems that hurt execution About the Author Lawrence G. Hrebiniak is a professor in the Department of Management of the Wharton School at the University of Pennsylvania.

Federal Executive Council - The Federal Executive Council is the formal body holding executive authority under the Australian Constitution. It is equivalent to the other Executive Councils in other Commonwealth Realms such as the Executive Council of New Zealand and is equivalent to the Privy Councils in Canada and the United Kingdom.

Executive Council of the Irish Free State - The Executive Council (Irish: Ard-Chomhairle) was the cabinet and de facto executive branch of government of the 1922-1937 Irish Free State. Formally, the role of the Executive Council was to "aid and advise" the Governor-General who would exercise the executive authority on behalf of the King.

Vice-President of the Executive Council - The Vice-President of the Executive Council is a Commonwealth position, whose holder acts as presiding officer of the Executive Council in the absence of the President of the Executive Council. The Vice-President's principal responsibility is to preside at meetings of the Executive Council, the body where the viceroy (a Governor-General, Governor or Lieutenant-Governor) formally assents to Orders-in-Council.

Executive Agency - An Executive Agency is a British public institution that carries out some part of the executive functions of the United Kingdom government, Scottish Executive, Welsh Assembly and Northern Ireland Executive.

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