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Established environmental policy theory is based on the assumption of homo economicus. This means that people are seen as fully rational and acting in a self-regarding manner. [1] This assumption can be troublesome when making environmental policy because policymakers often have an incomplete picture about a given environmental problem.
It is the application of economic theory and methodology in business management practice. Focus on business efficiency. Defined as "combining economic theory with business practice to facilitate management's decision-making and forward-looking planning." Includes the use of an economic mindset to analyze business situations.
In business, it is imperative that consumers and producers/providers make rational decisions based upon the logical consideration of observed behavior. Given the potentially irrational behavior of most human beings at various times and in various situations under various conditions, the ability to accurately predict such behavior is challenging ...
Managerialism is the idea that professional managers should run organizations in line with organizational routines which produce controllable and measurable results. [1] [2] It applies the procedures of running a for-profit business to any organization, with an emphasis on control, [3] accountability, [4] measurement, strategic planning and the micromanagement of staff.
The rational model stems from the Frederick W. Taylor's (1911) Structural Perspective. Taylor was the father of time-and-motion studies and founded an approach he called " scientific management ." [ 5 ] It was Taylor's stance that organisations should be as mechanistic and efficient as possible.
Technocentrism is a value system that is centered on technology and its ability to control and protect the environment. [citation needed] Technocentrics argue that technology can address ecological problems through its problem-solving ability, efficiency, and its managerial means. [1]
The environment, to a considerable extent, contains other organizations. The resources one organization needs are thus often in the hand of other organizations. Resources are a basis of power. Legally independent organizations can therefore depend on each other. Power and resource dependence are directly linked:
The issue of energy and environmental management is not perceived as an independent field of action. The organization only deals with the most essential subjects. Strategy of short-term profit maximization: The management is concentrating exclusively on measures that have a relatively short payback period and a high return. Measures with low ...