A Behavioral Theory of the Firm

by Richard M. Cyert, James G. March

This work has been selected by scholars as being culturally important and is part of the knowledge base of civilization as we know it. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. To ensure a quality reading experience, this work has been proofread and republished using a format that seamlessly blends the original graphical elements with text in an easy-to-read typeface. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

Genres: Business, Nonfiction, Economics, Management

Paperback

First published July 27, 1992

Reviews

[Atulit Singh · Rating 5 out of 5]

Economic decision-making in firms is influenced not only by market factors but also by internal dynamics. Firms, as large and complex organizations, actively shape and respond to market conditions through their structures and strategies. Four key aspects have been emphasized in order to study the internal dynamics of firms, which are: 1. Focusing on a few critical economic decisions made by firms, 2. Developing a process-oriented model of the firm, 3. Ensuring models are closely linked to empirical observations, and 4. Creating a theory with general applicability beyond the specific firms studied. This classic work highlights the importance of understanding the internal and external factors that influence firm decision-making. Throughout the book the assumption of rationality is challenged, both empirically and descriptively.

[Jaakko · Rating 5 out of 5]

Klassikko, jonka monista käsitteistä tärkeimmät ovat jääneet elämään organisaatioteoriaan.

Lisäbonuksena toisen painoksen epilogi tarjoaa hyvän katsauksen 60-80- lukujen organisaatio- (ja talous-)teorian tärkeimpiin edistysaskeliin.

[Jen Watkins · Rating 1 out of 5]

I found this book to be completely unreadable and I really gave it a good shot because I am interested in understanding the behavioral theory of the firm (or at least I was before trying to read this sucker).

[Stephen · Rating 3 out of 5]

READ MAR 2010

This classic work uses economic and decision theories to describe the behavior of the firm. Best quote, "...we cannot assume that a rational manager can treat the organization as a simple instrument in his dealings with the external world" (p. 205).

[Steen Sørensen]

A must read Classic