Corequisites, BUS 600, 601. For organizations to create value they must have the capability to react to market opportunities quickly. This course introduces the tools, techniques, and skills necessary to increase the capacity of firms to do that. Building on insights from economics, this course teaches students how to align incentives, identify and change employee preferences, assign decision rights, and select and retain appropriate employees. Most importantly, this course will describe how a firm can be designed and managed to reduce the bureaucratic behavior that destroys value in organizations. Some sections of this course will be restricted to students admitted to specific degree programs. (Offered every semester.) 3 credits. Add Consent: Instructor Consent Required.