A Behavioral Theory of the Firm - 40 Years and Counting: Introduction and Impact

@article{Argote2007ABT,
  title={A Behavioral Theory of the Firm - 40 Years and Counting: Introduction and Impact},
  author={Linda Argote and Henrich R. Greve},
  journal={Organ. Sci.},
  year={2007},
  volume={18},
  pages={337-349}
}
In this introductory piece, we take stock of the impact of Cyert and March's A Behavioral Theory of the Firm, describe current research trends in the behavioral tradition, and introduce the special issue's papers. A Behavioral Theory of the Firm is one of the most influential management books of all time. In the book, Cyert and March developed theoretical building blocks that became the foundations for current research in organizational studies in management, economics, political science, and… 

Behavioral theory of the firm: hopes for the past; lessons from the future

This paper is a discussion of “behavioral theory of the firm”. It focuses on understanding aspects of the pre-history, the context, the reception and the evolution of some of the main ideas found in

Organizational change: a review of theoretical conceptions that explain how and why young firms change

Change in new ventures is a vibrant research topic. Scholars can draw on a number of theories that emerged as a result of decades of research in organizational and social sciences focused on large

Organizational change: a review of theoretical conceptions that explain how and why young firms change

Change in new ventures is a vibrant research topic. Scholars can draw on a number of theories that emerged as a result of decades of research in organizational and social sciences focused on large

Contracts, Entrepreneurs, Market Creation and Judgement: The Contemporary Mainstream Theory of the Firm in Perspective

This survey gives an overview of the theory of the firm as it is formulated within the contemporary ‘mainstream’ of economics. Two groupings of theories are briefly discussed: principal–agent and

Organizational Learning

The idea of organizational learning can be traced to a seminal book titled ‘The Behavioral Theory of the Firm’. In contrast to rational conceptions of organizations as entities solving maximization

The Theory of the Firm: An Overview of the Economic Mainstream, Revised Edition

  • P. Walker
  • Economics
    SSRN Electronic Journal
  • 2021
In this survey we give a short overview of the way in which the theory of the firm has been formulated within the 'mainstream' of economics, both 'past' and 'present'. As to a break point between the

Determinants of Firms' Backward- and Forward-Looking R&D Search Behavior

The findings show that both performance feedback and performance prospect are important determinants of firms' search behavior after controlling for firm, industry, and time effects, and backward-and forward-looking determinants have interactive effects on search behavior.

Organizational Goals: Antecedents, Formation Processes and Implications for Firm Behavior and Performance

The existence of definite organizational goals is a longstanding and central premise in organization and management research, yet a re‐examination of this body of knowledge is timely and long

Dynamic strategic goal setting: theory and initial evidence

We develop an integrative conceptualization of how firms set and alter strategic goals, incorporating insights from goal-setting literatures across the disciplines of marketing, management, and
...

References

SHOWING 1-10 OF 173 REFERENCES

The theory of the growth of the firm twenty-five years after

There are not many books that are genuine classics, and only a handful in business and management whose insights and ideas last for 50 years and more. This book is one of the very few 'must reads'

A Behavioral Resource-Based View of the Firm: The Synergy of Cyert and March (1963) and Penrose (1959)

This paper derives propositions common to the two theories and new ones of importance to the understanding of organizational growth and change from Cyert and March's (1963) seminal behavioral theory, paying particular attention to the issue of “excess resources,” slack, and (intrafirm) conflict.

Perspective - Historical Roots of the A Behavioral Theory of the Firm Model at GSIA

It is suggested that the academic environment within which this theory and model grew was instrumental in its emergence and innovative embodiments of organizational attention, organizational learning, organizational memory, routines, metaroutines, aspiration level adjustments and computational experiments are revealed.

An evolutionary theory of economic change

This study develops an evolutionary theory of the capabilities and behavior of business firms operating in a market environment. It includes both general discussion and the manipulation of specific

Review of James G. March, Martin Schulz, and Xueguang Zhou, The Dynamics of Rules: Change in Written Organizational Codes

The authors not only develop a new organizational genre and a theory to go with it, but introduce a new kind of data: demographic data on organizational rules.

Evolutionary theorizing in economics

This paper reviews the case for an evolutionary approach to problems of economic analysis, ranging from the details of individual firm behavior in the short run through industrial dynamics to the

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

Performance, Aspirations, and Risky Organizational Change

I am grateful to James G. March for the conversations that started this research, to Willie Ocasio, Anjali Sastry, Christine Oliver, three anonymous reviewers for ASQ, and seminar participants at

Shifting Gears, Shifting Niches: Organizational Inertia and Change in the Evolution of the U.S. Automobile Industry, 1885-1981

We examine how experiential learning affects organizational change and its consequences on firm mortality. We develop hypotheses about the interactions of experiences with a specific type of

Interdependence and Adaptability: Organizational Learning and the Long - Term Effect of Integration

This paper focuses on the degree to which interdependence--and in particular one structural characteristic that generates interDependence, vertical integration--affects organizational learning, and on the effect that the internal structure of the firm can have on generating differences in these learning rates.
...