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A ‘Managerial-Behavioural’ Paradigm

Erik Arnold ()

Chapter 2 in Competition and Technological Change in the Television Industry, 1985, pp 26-36 from Palgrave Macmillan

Abstract: Abstract Two streams of theory are combined in this chapter: the ‘managerial’ and the ‘behavioural’. Unlike the holistic neoclassical theory discussed in Chapter 1, which views the firm in toto as an economic actor or as a ‘black box’ whose behaviour can adequately be described in terms of inputs and outputs, these two streams regard control of firms as resting with intra-firm groups, consisting of (or dominated by) management. As a result, while neoclassical theory asks ‘what do firms do?’, the managerial and behavioural traditions are more concerned with the question ‘what do managers do?’

Date: 1985
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-07492-1_3

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DOI: 10.1007/978-1-349-07492-1_3

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