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The myopia of learning
- Daniel A. Levinthal, J. March
- Medicine, Business
- 1 December 1993
Organizational learning has many virtues, virtues which recent writings in strategic management have highlighted. Learning processes, however, are subject to some important limitations. As is… Expand
Exploration and Exploitation in Organizational Learning
- J. March
- Business
- 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… Expand
A Garbage Can Model of Organizational Choice.
- Michael X Cohen, J. March, J. Olsen
- Sociology
- 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,… Expand
A primer on decision making : how decisions happen
TLDR
- 2,120
- 171
Rediscovering institutions: The organizational basis of politics
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… Expand
Managerial perspectives on risk and risk taking
- J. March, Z. Shapira
- Psychology
- 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… Expand
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… Expand
Bounded rationality, ambiguity, and the engineering of choice
- J. March
- Economics
- 1978
Rational choice involves two guesses, a guess about uncertain future consequences and a guess about uncertain future preferences. Partly as a result of behavioral studies of choice over a twenty-year… Expand
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