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| Author: | Donaldson, L. |
| Title: | The ethereal hand: organizational economics and management theory |
| Journal: | Academy of Management Review
1990 : JUL, VOL. 15:3, p. 369-381 |
| Index terms: | MANAGEMENT THEORY BUSINESS ECONOMICS ORGANIZATIONAL STRUCTURE |
| Language: | eng |
| Abstract: | Organisational economics has the potential to make a constructive contribution to management theory. Nevertheless, there are several inherent problems regarding its narrow model of human motivation and behaviour, its negative moral characterization of managers, and its methodological individualist bias. The potentialities and pitfalls of organizational economics are illustrated by reference to matrix organizational structures, vertical disintegration in insurance organizations, and corporate governance. |
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