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A Behavioral Theory of the Firm.
Provides a theory of decision making within business organizations. Contrary to the economic theory of the firm, which sees firms as profit-maximizing entities, the authors advocate a theory based on…
Exploration and Exploitation in Organizational Learning
- J. March
- Economics
- 1 February 1991
This paper considers the relation between the exploration of new possibilities and the exploitation of old certainties in organizational learning. It examines some complications in allocating…
The myopia of learning
- Daniel A. Levinthal, J. March
- Business
- 1 December 1993
TLDR
A Garbage Can Model of Organizational Choice.
- Michael X Cohen, J. March, Johan P. Olsen
- Economics
- 1 March 1972
Organized anarchies are organizations characterized by problematic preferences, unclear technology, and fluid participation. Recent studies of universities, a familiar form of organized anarchy,…
Rediscovering institutions: The organizational basis of politics
- J. March, Johan P. Olsen
- Economics
- 1989
The state has lost its position of centrality in contemporary political theory ideas of moral individualism and an emphasis on bargaining among conflicting interest have usurped ideas that embedded…
A primer on decision making : how decisions happen
TLDR
Managerial perspectives on risk and risk taking
- J. March, Z. Shapira
- Business
- 1 November 1987
This paper explores the relation between decision theoretic conceptions of risk and the conceptions held by executives. It considers recent studies of risk attitudes and behavior among managers…
Bounded rationality, ambiguity, and the engineering of choice
- J. March
- Economics
- 1978
conceptions of bounded rationality. Recently, behavioral studies of choice have examined the second guess, the way preferences are processed in choice behavior. These studies suggest possible…
The Institutional Dynamics of International Political Orders
- J. March, Johan P. Olsen
- EconomicsInternational Organization
- 1 September 1998
The history of international political orders is written in terms of continuity and change in domestic and international political relations. As a step toward understanding such continuity and…
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