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Organizational economics is known for its contribution to and its use of: Transaction cost theory: costs incurred to organize an activity, especially regarding research of information, bureaucracy, communication etc. Agency theory: dilemmas connected to making decisions on behalf of, or that impact, another person or entity.
Simon, Herbert A. (1997) Administrative Behavior: A Study of Decision-Making Processes in Administrative Organizations, 4th ed., The Free Press. Tompkins, Jonathan R. (2005) "Organization Theory and Public Management".Thompson Wadsworth ISBN 978-0-534-17468-2; Kanigel, R. (1997). The One Best Way, Frederick Winslow Taylor and the Enigma of ...
1941, Economic Analysis, Harper & Brothers; 3rd single edition, 1955;4th ed. part II, 1966; 1942, A Peace Study Outline: The Practice of the Love of God, Philadelphia Yearly Meeting Book Committee; 1945, The Economics of Peace, Prentice Hall. 1945, There is a Spirit: The Nayler Sonnets, Fellowship Publications.
Stakeholder theory is a theory of organizational management and business ethics that addresses morals and values in managing an organization. It was originally detailed by Freeman in the book Strategic Management: a Stakeholder Approach, and identifies and models the groups which are stakeholders of a corporation, and both describes and recommends methods by which management can give due ...
A code of ethics within an organization is a set of principles that is used to guide the organization in its decisions, programs, and policies. [2] An ethical organizational culture consists of leaders and employees adhering to a code of ethics.
This understanding of culture unites economics and ethics as a complete theory of human action. [23] Academic culture has increased interest in economic ethics as a discipline. This led to an increased awareness of the cultural externalities of the actions of economic agents , as well as limited separation between the spheres of culture, which ...
Organizational theory also seeks to explain how interrelated units of organization either connect or do not connect with each other. Organizational theory also concerns understanding how groups of individuals behave, which may differ from the behavior of an individual. The behavior organizational theory often focuses on is goal-directed.
An example of an organization seeking a triple bottom line would be a social enterprise run as a non-profit, but earning income by offering opportunities for handicapped people who have been labelled "unemployable", to earn a living by recycling. The organization earns a profit, which is invested back into the community.
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