Download or read book Foundations of Organizational Strategy written by Michael C. Jensen and published by Harvard University Press. This book was released on 1998 with total page 428 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presenting the foundations of an integrated theory of organizations, Jensen argues that the cost of transferring information necessitates decentralization of some decision rights in organizations and economies. This in turn requires organizations to solve the control problem that results when self-interested persons do not behave as perfect agents.