A humanistic approach to organizations and to organizational decision-making

Josep M. Rosanas ()
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Josep M. Rosanas: IESE Business School, Postal: Research Division, Av Pearson 21, 08034 Barcelona, SPAIN

No D/814, IESE Research Papers from IESE Business School

Abstract: This paper attempts to take steps towards the formulation of a more human approach to the theory of the firm than the conventional economics-based models. Unbounded rationality, self-interest and the absence of learning are shown to be crucial assumptions of conventional economic theory. Then, the essential assumptions of an alternative approach are put forward and discussed. Next, I present an alternative view of organizations, which has its foundations in the concepts of mission, distinctive competence, identification and unity. Finally, the implications of such an approach for management decision-making are shown, emphasizing that three criteria have to be considered in any non-trivial decision in an organizational context.

Keywords: theory of the firm; bounded rationality; self-interest; distinctive competence; mission; identification (search for similar items in EconPapers)
Pages: 24 pages
Date: 2009-08-05
New Economics Papers: this item is included in nep-hpe
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Persistent link: https://EconPapers.repec.org/RePEc:ebg:iesewp:d-0814

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