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Books > Business & Economics > Business & management > Management & management techniques > Organizational theory & behaviour
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Extendable Rationality - Understanding Decision Making in Organizations (Hardcover, Edition.)
Loot Price: R2,746
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Extendable Rationality - Understanding Decision Making in Organizations (Hardcover, Edition.)
Series: Organizational Change and Innovation, 1
Expected to ship within 18 - 22 working days
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"How do people make decisions in organizations?" is the question at
the core of this book. Do people act rationally? Under what
conditions can information and knowledge be shared to improve
decision making? Davide Secchi applies concepts and theories from
cognitive science, organizational behavior, and social psychology
to explore the dynamics of decision making. In particular, he
integrates "bounded rationality" (people are only partly rational;
they have (a) limited computational capabilities and (b) limited
access to information) and "distributed cognition" (knowledge is
not confined to an individual, but is distributed across the
members of a group) to build upon the pioneering work of Herbert
Simon (1916-2001) on rational decision making and contribute fresh
insights. This book is divided into two parts. The first part
(Chapters 2 to 5) explores how recent studies on biases, prospect
theory, heuristics, and emotions provide the so-called "map" of
bounded rationality. The second part (Chapter 6 to 8) presents the
idea of extendable rationality. In this section, Secchi identifies
the limitations of bounded rationality and focuses more heavily on
socially-based decision processes and the role of "docility" in
teaching, managing, and executing decisions in organizations. The
practical implications extend broadly to issues relating to change
and innovation, as organizations adapt to evolving market
conditions, implementing new systems, and effectively managing
limited resources. The final chapter outlines an agenda for future
research to help understand the decision making characteristics and
capabilities of an organization.
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