James G. March

Managerial Perspectives on Risk and Risk Taking

This paper explores the relation between decision theoretic conceptions of risk and the conceptions held by executives. It considers recent studies of risk attitudes and behavio...

The Business Firm as a Political Coalition

Organizational Learning

This paper reviews the literature on organizational learning. Organizational learning is viewed as routine-based, history-dependent, and target-oriented. Organizations are seen ...

A Garbage Can Model of Organizational Choice

Organized anarchies are organizations characterized by problematic preferences, unclear technology, and fluid participation. Recent studies of universities, a familiar form of o...

BOUNDED RATIONALITY, AMBIGUITY, AND THE ENGINEERING OF CHOICE

Recently I gave a lecture on elementary decision theory, an introduction to rational theories of choice. After the lecture, a student asked whether it was conceivable that the p...

Information in Organizations as Signal and Symbol

We are grateful for the comments of Kenneth Arrow, Kennette Benedict, Robert Biller, David Brereton, Louise Comfort, Jerry Feldman, Victor Fuchs, Anne Miner, J. Rounds, Alan Sal...

A Behavioral Theory of the Firm

List of Tables and Figures. Acknowledgements. Preface to Second Edition. 1. Introduction. 2. Antecedents of the Behavioral Theory of the Firm. 3. Organizational Goals. 4. Organi...

A Behavioral Theory of the Firm