Organizing for Synergies
研究大公司内部职能部门与业务单元之间的激励冲突，分析权力和任务分配如何影响协同效应，为并购成功率和多部门公司结构提供可检验的预测。
Large companies are usually organized into business units, yet some activities are almost always centralized in a company-wide functional unit. We first show that organizations endogenously create an incentive conflict between functional managers (who desire excessive standardization) and business-unit managers (who desire excessive local adaptation). We then study how the allocation of authority and tasks to functional and business-unit managers interacts with this endogenous incentive conflict. Our analysis generates testable implications for the likely success of mergers and for the organizational structure and incentives inside multidivisional firms.