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Behavioral Theory of the Firm

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Behavioral Theory of the Firm by James G. March and Richard M. Cyert explores how companies make decisions by considering the behavioural aspects of organisations. The authors delve into the processes businesses use to form goals, expectations, and choices, focusing on internal conflicts and environmental influences. This book provides a framework to understand decision-making within firms, contrasting classical economic theories.
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Format: Paperback / softback
$8099
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Book Hero Magic created this recommendation. While it's new and still learning, it may not be perfect - your feedback is welcome! IS THIS YOUR NEXT READ?

If you are intrigued by the inner workings of businesses and wish to understand how firms make decisions beyond traditional economic theories, this book might captivate you. It provides a unique perspective on organisational behaviour, decision-making processes, and adaptive learning within companies, making it a fascinating read for those interested in exploring complex business dynamics.

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Behavioral Theory of the Firm

Behavioural Theory of the Firm has become a classic work in organizational theory, and is one of the most significant contributions to improving the theory of the firm. This second edition includes new material which puts the original text in a contemporary context.

Book Hero Magic formatted this description to make it easier to read. While it's new and still learning, it may not be perfect - your feedback is welcome! Description

Behavioral Theory of the Firm has become a classic work in organisational theory and is one of the most significant contributions to improving the theory of the firm. This second edition includes new material which puts the original text in a contemporary context.

The authors:

  • Use experiments and empirical observations to build a model of decision-making which can be compared with reality.
  • Reject the structure of the firm as represented by classical economic theory, instead focusing on the discretion of management.
  • Offer a new way of viewing the effects of the organisation, communications, and individuals on the firm's activity.

For students and specialists, the second edition of this pathbreaking book offers the original theory, a new summary of the most important work that has taken place since the book was originally published, and an approach which not only advances the theory of the firm but provides a rigorous model for all research in the social services.

It is the most important and provocative view yet advanced for seeing inside the firm to understand it as an organisation and an economic entity.

Book Details

INFORMATION

ISBN: 9780631174516

Publisher: John Wiley and Sons Ltd

Format: Paperback / softback

Date Published: 16 April 1992

Country: United Kingdom

Imprint: Wiley-Blackwell

Edition: 2nd edition

Audience: Tertiary education, Professional and scholarly

DIMENSIONS

Spine width: 20.0mm

Width: 155.0mm

Height: 229.0mm

Weight: 395g

Pages: 272

About the Author

Richard Cyert is President of the Carnegie Bosch Institute at the Carnegie Mellon University. He is also author/co-author of numerous books and has published over 100 articles in economics, management and behavioral sciences.

James March is Fred H Merrill Professor of Management, and Professor of Political Science and Sociology at Stanford University. He has jointly written many books and has written numerous articles on the subject of behavioral science.

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