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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.
SCIMA record nr: 181584
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