Rationality

Rasim Serdar Kurdoglu

Chapter 2.32 in Elgar Encyclopedia of Strategy as Practice, 2025, pp 230-234 from Edward Elgar Publishing

Abstract: Rationality has been an important concept since the dawn of Western Civilization in Ancient Greece. Rationality can be broadly described as the utilization of reasoning in judgment (i.e., establishing predictions, estimating possible consequences, and evaluating the desirability of those consequences) and decision-making (i.e., choosing one course of action over others). Thus, rationality is at the heart of strategy education and research. Yet, strategy as practice (SAP) scholars reveal that many allegedly rational tools of analysis are not merely means for objectively handling strategic calculations. Instead, they are treated as technologies of rationality or rationality carriers during strategy making, as those tools can be purposefully selected and applied for different political and personal purposes in social settings. In this regard, the sociological perspective of SAP is particularly effective in revealing the performative aspects of rationality, demonstrating that the way rationality is practiced in organizations can shape and create specific realities.

Keywords: Rationality; SAP; Decision-Making; Procedural Rationality; Heuristics; Bounded Rationality (search for similar items in EconPapers)
Date: 2025
ISBN: 9781035315956
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