A Humanistic Approach to Organizations and to Organizational Decision-Making

24 Pages Posted: 7 Oct 2009

See all articles by Josep M. Rosanas

Josep M. Rosanas

University of Navarra - IESE Business School

Date Written: August 4, 2009

Abstract

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.

Keywords: theory of the firm, bounded rationality, self-interest, distinctive competence, mission, identification

Suggested Citation

Rosanas, Josep M., A Humanistic Approach to Organizations and to Organizational Decision-Making (August 4, 2009). IESE Business School Working Paper No. 814, Available at SSRN: https://ssrn.com/abstract=1482945 or http://dx.doi.org/10.2139/ssrn.1482945

Josep M. Rosanas (Contact Author)

University of Navarra - IESE Business School ( email )

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34 932534200 (Phone)
34 932534343 (Fax)

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