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.
CITATION STYLE
Rosanas, J. M. (2011). A Humanistic Approach to Organizations and Organizational Decision-making. In The Future of Leadership Development (pp. 143–176). Palgrave Macmillan UK. https://doi.org/10.1057/9780230295087_8
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