Insight into intra-organizational economic governance: an analytical discourse
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Date
2012
Journal Title
Journal ISSN
Volume Title
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Abstract
Conventional economic theories epitomize the staple decision making process of an
organization and label them almost similar rather identical in most of the cases; as the derivative basics
circle around the market dynamics which is co-related to the referral output that is duly generated by a
firm to ensure its survival and growth. The notion of similarity in economic decision making of scores of
the organizations round the globe is an outcome of the input that is precisely and principally all common
[Information and Technology sources, market trends, demand and supply curves, power of purchasing,
currency valuation etc] and facilitate the organizational decision making that seems rational and
anticipated. Herbert A. Simon, famous renowned Economist, a Noble Laureate clarifies that economic
sciences focus upon one primary aspect of Man and that is his power of reasoning and its application on
allocation of resources, especially at the time of scarcity (Simon, 1978). Orthodox and Internal neucleus
stimulated the decision making flapped around core organizational hierarchy, managerial capabilities,
institutional settings and diverse strengths and primal features are sidelined and not considered.
Description
Keywords
Economic Governanance
Citation
International Journal of Economics and Research 2(3), 65-81,2012.