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Research Details
Collaboration or Paradigm Shift?, Organization Science
Abstract
While the "formulation" or "strategy" side of business policy has always drawn appropriately from economic theory, we caution that, taken to its logical extreme, economic theory ignores the importance of implementation, implies lack of choice in organization decision-making, and makes the organization a nonentity, in tins paper, we outline the fundamental differences between behavioral and economic approaches to business policy These differences are highlighted by an illustration of their divergent perspectives on corporate "agency".
Type
Article
Author(s)
Paul Hirsch, Ray Friedman
Date Published
1990
Citations
Hirsch, Paul, and Ray Friedman. 1990. Collaboration or Paradigm Shift?. Organization Science.(1): 87-97.