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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…
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Exploration and Exploitation in Organizational Learning
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…
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The myopia of learning
TLDR
The imperfections of learning are not so great as to require abandoning attempts to improve the learning capabilities of organizations, but that those imperfections suggest a certain conservatism in expectations.
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A Garbage Can Model of Organizational Choice.
Organized anarchies are organizations characterized by problematic preferences, unclear technology, and fluid participation. Recent studies of universities, a familiar form of organized anarchy,…
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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…
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A primer on decision making : how decisions happen
TLDR
James G. March draws on research from all the disciplines of social and behavioural science to show decision making in its broadest context, and explains key concepts of vital importance to decision makers, such as limited rationality, history-dependent rules, and ambiguity.
Managerial perspectives on risk and risk taking
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…
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Bounded rationality, ambiguity, and the engineering of choice
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…
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Footnotes To Organizational Change
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The Institutional Dynamics of International Political Orders
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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