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Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Organization Management Science

Organization Management Science

Paperback

Investing & FinanceManagementGeneral Education

ISBN13: 9798886298420
Publisher: Notion Press Media Pvt Ltd
Published: Mar 17 2022
Pages: 246
Weight: 0.74
Height: 0.52 Width: 6.00 Depth: 9.00
Language: English
In the context of management, behavioral economics challenges the classical rational actor model, which assumes that managers and employees always act to maximize utility.My research, particularly regarding organizational culture, suggests that individuals do not merely process information objectively; rather, they rely on social and cognitive schemas to make sense of their environment.This aligns with the behavioral concept of bounded rationality, a term coined by Herbert Simon, which posits that decision-makers are limited by the information they have, the cognitive limitations of their minds, and the finite amount of time they have to make a decision

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Management