Royston Greenwood

ThinkersBorn 1944Organization scholar

Works

In Organizational Structures

Known for

The professional partnership and institutional change

Ideas

The P2 form. With Hinings and Brown, a study of the relationship between the corporate center and the principal business units in professional partnerships, under the name of the P2 form. Caveat: Greenwood, Hinings, and Prakash (2017) say the original paper missed the partnership's social purpose; Pinnington and Morris (2003) found managerial change around an untransformed core.

The partnership as efficient governance. Drawing on agency, tournament, and property rights theory, the professional partnership minimizes agency costs of both private and public corporations and has superior incentives for knowledge workers, within limiting conditions where the private corporation is preferred. Caveat: An argument from theory; von Nordenflycht (2014) found public corporations viable for large professional firms.

Ownership and performance. Among large management consultancies, private corporations and partnerships outperformed public corporations. Caveat: One profession; von Nordenflycht (2007) found the public ownership penalty only among small advertising agencies.

Radical change and institutions. With Hinings, Greenwood combined old and new institutionalism to explain radical organizational change. Caveat: Theory.

The multiplex form. With Morris, Fairclough, and Boussebaa, described transnational professional service firms differentiated on several axes at once. Caveat: Accounting firms are the main example.

Organizational Structures that draw on Royston Greenwood (1)

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