"Bounded rationality" Essays and Research Papers

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    David Hochheim Markets‚ Bureaucracies‚ and Clans William G. Ouchi (1980) The text „Markets‚ Bureaucracies‚ and Clans “ written by William G. Ouchi in 1980 describes these three modes of control for forming an organization. At first William G. Ouchi aks the question what an organization really is. He refers to different authors‚ who are answering this question. At first he refers to March and Simon’s (1958) who a taking the aspect in consideration‚ that an organization “will exist so

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    Newcastle University Business School NBS8214 Technology Change and Innovation Management Module assignment 1.:Question 3. Synthesis of Evolutionary Theory and Social-Shaping Theory: Suggesting Drivers of Technology Change Introduction Technologies has been intertwined with our lives since the early days of mankind (MacKenzie and Wajcman‚ 1999)‚ when stones where used as a cutting tool. Over time this ‘cutting tool’ was improved‚ substitutes were developed and the usage of

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    Coping with the four dimensions of distance in the international expansion of Starbucks. Maarten de Graaf‚ s1861263 Tom Breteler‚ s2022117 Group 12 13-10-2010 Introduction to International Business Ms. Wilhelm 1. What are the four dimensions of ‘distance’ in Starbuck’s international expansion? The four dimensions are culture‚ administrative‚ geographic and economic distance. 2. How did Starbucks reduce the ‘distance’ vis à vis host countries? Starbucks used many tactics to reduce

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    Tools of communication in organization Introduction Organizations are made up of people and each person receives information and processes them in different ways‚ and it is important that in every organization we have different tools to communicate with each other‚ and we have to make it sure that every message is understood by everyone to have a better implementation. Communication is one of the key to an organization ’s success. So it is important to know how to have effective communication

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    Population Ecology

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    INTRODUCTION " The growth of a large business is merely the survival of the fittest : it is merely the working out of a law of nature" John D Rockefeller Population ecology is a perspective that seeks to explain the factors that affect the life cycles of organizations. It also suggests why some organizations survive for longer than the others. Earlier theories such a the such as the strategic choice theory argued that organizations try to adapt

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    Money as a Motivator

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    Money–Is it really a motivator? One of the myths of executive compensation is that the most effective way to motivate people to work productively is through individual incentive compensation (Pfeffer‚ 1998). While most people agree that money cannot buy everything‚ in organizations there is a widespread belief that money plays a major role in motivating people. Organizations spend a lot of time‚ effort and money in designing and implementing the right performance management schemes and incentive

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    CONSUMER THEORY: THE NEOCLASSICAL MODEL AND ITS OPPOSITE EVOLUTIONARY ALTERNATIVE       by Valentino Piana (2003)    From http://www.economicswebinstitute.org/essays/consumertheory.htm The standard textbook model of consumer is an outstanding example of the neoclassical paradigm in economics [1]: a h y p e r-rational agent maximises something by choosing an "optimal" bundle of things. Here‚ the hyper-rational consumer maximises utility (i. e. an overall generic measure of well-being) by

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    Define the Manager Terrain

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    social responsibility? Managerial ethics Toward improving ethical behaviour Business ethics in Hong Kong and other countries Summary 30 31 34 40 43 48 The decision-making process and limits to rationality The decision-making process The rational decision maker Limits to rationality Bounded rationality The role of intuition Summary 50 50 56 56 60 61 61 Problems and decisions Summary 64 66 Analysing decision alternatives Decision-making styles‚ biases and errors Summary 68 70

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    The Arab Spring Paper

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    February 12‚ 2014 The Arab Spring. Has it Failed? The article “The Arab Spring. Has it Failed?” as seen in The Economist is about how despite the fact that after two and a half years of revolution and violence in the middle east we have seen very little positive changes‚ we shouldn’t give up hope as the Arab Spring revolution of brining positive change to this area of the world hasn’t exactly failed just yet. Because some of the countries with the highest hopes are struggling (Tunisia‚ Libya and

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    Gran Tierra Case Analysis

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    Company Analysis Gran Tierra has grown exponentially since commencing operations in 2005. By following a strategy of acquiring and capitalizing on undervalued assets in South America the company has managed to secure a steady revenue stream to fund growth. In five years‚ from 2008-2012 the company has increased in value by 63% (Appendix B). Additionally the company has an impressive debt to total assets ratio of 0.25 and a current ratio of 2.16 (Appendix C). Moreover‚ the company has been able to

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