Author: | Tomer, J. |
Title: | Beyond the machine model of the firm, toward a holistic human model |
Journal: | Journal of Socio-Economics
1998 : VOL. 27:3, p. 323-340 |
Index terms: | SOCIAL ECONOMICS MODELS FIRM (THEORY OF) |
Language: | eng |
Abstract: | According to mainstream economic theory, businesses are essentially machines, vehicles for transforming inputs into outputs. Although useful for some purposes, this theory unfortunately fails to account for some very important differences between companies. What is missing from the machine model of the firm are the soft ingredients such as leadership, vision, passion, ethical principle, character, empowerment, self-realization, commitment, community, and inspiration. |
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