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http://ssrn.com/abstract=78009
 
 

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Organizations and Markets: History and Development of the CCMO Course and the Field (1st of 4 CCMO documents)


Michael C. Jensen


Harvard Business School; Social Science Electronic Publishing (SSEP), Inc.; National Bureau of Economic Research (NBER); European Corporate Governance Institute (ECGI)

George P. Baker


HBS Negotiations, Organizations and Markets Unit; National Bureau of Economic Research (NBER)

Carliss Y. Baldwin


Harvard Business School, Finance Unit

Karen Hopper Wruck


Ohio State University - Fisher College of Business, Department of Finance

December 10, 1997


Abstract:     
This paper describes the history of the development of the course Coordination, Control and the Management of Organizations (CCMO) from its initiation by Michael C. Jensen and William H. Meckling at the University of Rochester in 1973 to its current state as one of the most highly demanded elective courses in the second year of the MBA program at Harvard Business School. CCMO regularly attracts between 500 and 600 of the 850 second-year MBA students.

CCMO presents a new theory of organizations that draws on economics, finance, psychology, neuroscience, and human resource management. In developing our theory, we focus particularly on four interrelated areas: 1) the nature of human beings and their behavior; 2) compensation, career systems, and performance measurement; 3) task structure, organizational boundaries, and technology; and 4) governance, corporate finance, and organizational performance. This paper presents specifics in each of these four categories.

(Forthcoming in The Intellectual Venture Capitalist: John H. McArthur and the Work of the Harvard Business School, 1980-1995, Edited by Thomas K. McCraw and Jeffrey L. Cruikshank, Harvard Business School Press, 1998.)

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The CCMO materials are presented in four electronic documents entitled as follows (you can go directly to each document and its abstract by clicking on the title below):

1. This document -- Organizations and Markets: History and Development of the Course and the Field, by Michael C. Jensen, George P. Baker, Carliss Y. Baldwin, and Karen H. Wruck, Dec. 10, 1997 (forthcoming in "The Intellectual Venture Capitalist: John H. McArthur and the Work of the Harvard Business School," 1980-1995, Thomas K. McCraw and Jeffrey L. Cruickshank, eds, (Harvard Business School Press, 1998)).

2. Coordination, Control, and the Management of Organizations: Course Notes, by Michael C. Jensen and William H. Meckling, with contributions from George P. Baker and Karen H. Wruck, April 20, 1998, Harvard Business School Working Paper.

3. Coordination, Control, and the Management of Organizations: Course Content and Materials, by Michael C. Jensen and Karen H. Wruck, April 20, 1998, unpublished manuscript, Harvard Business School.

4. Coordination, Control, and the Management of Organizations: Practice Questions, by Michael C. Jensen, William H. Meckling, George P. Baker, and Karen H. Wruck, with contributions from Carliss Y. Baldwin, and Malcolm S. Salter, April 20, 1998, unpublished manuscript, Harvard Business School.

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Number of Pages in PDF File: 29

JEL Classification: A23, D21, D23, D60, G30, J33, J50, L20

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Date posted: April 21, 1998  

Suggested Citation

Jensen, Michael C. and Baker, George P. and Baldwin, Carliss Y. and Wruck, Karen Hopper, Organizations and Markets: History and Development of the CCMO Course and the Field (1st of 4 CCMO documents) (December 10, 1997). Available at SSRN: http://ssrn.com/abstract=78009

Contact Information

Michael C. Jensen
Harvard Business School ( email )
Soldiers Field
Negotiations, Organizations & Markets
Boston, MA 02163
United States
617-510-3363 (Phone)
305-675-3166 (Fax)
HOME PAGE: http://drfd.hbs.edu/fit/public/facultyInfo.do?facInfo=ovr&facId=6484
Social Science Electronic Publishing (SSEP), Inc. ( email )
7858 Sanderling Road
Sarasota, FL 34242
United States
617-510-3363 (Phone)
305 675-3166 (Fax)
HOME PAGE: http://ssrn.com/author=9

National Bureau of Economic Research (NBER) ( email )
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
European Corporate Governance Institute (ECGI) ( email )
c/o ECARES ULB CP 114
B-1050 Brussels
Belgium
George P. Baker
HBS Negotiations, Organizations and Markets Unit ( email )
Soldiers Field
Boston, MA 02163
United States
617-495-6119 (Phone)
617-496-4191 (Fax)
HOME PAGE: http://www.people.hbs.edu/gbaker/index.html
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
Carliss Y. Baldwin
Harvard Business School, Finance Unit ( email )
Boston, MA 02163
United States
Karen Hopper Wruck (Contact Author)
Ohio State University - Fisher College of Business, Department of Finance ( email )
2100 Neil Avenue
Columbus, OH 43210-1144
United States
614-688-5443 (Phone)
614-292-2418 (Fax)
HOME PAGE: http://www.cob.ohio-state.edu/~kwruck

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