Administrative Science and System Dynamics (Classic Reprint)

Description: This book illuminates a crucial gap in business education: the examination of business decision-making structures and their impact on corporate performance. The author proposes a fresh approach that combines administrative science and system dynamics to bridge this gap. Administrative science lays bare the anatomy of business organizations, revealing how decisions are actually made. System dynamics complements this by providing a modeling calculus to simulate and analyze the interactions of these decisions. The author argues that traditional management approaches emphasize individual decision-making, overlooking the importance of organizational structure. By focusing on isolated decision functions, these approaches fail to capture the complexity and interdependence of business systems. The book advocates for a broader perspective, one that recognizes the bounded rationality of individuals and the need for organizational structures that leverage this limitation into a more comprehensive organizational rationality. Through case studies and simulation models, the author vividly illustrates how organizational design and decision-making processes shape business outcomes. This book offers a profound examination of business decision-making, providing valuable insights for both students and practitioners seeking to understand and improve organizational performance. Forgotten Books publishes hundreds of thousands of rare and classic books.This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works. This text has been digitally restored from a historical edition. Some aesthetic errors may persist, however it has been deemed that any such will not detract from the work's significant historical value. The digital edition of all books may be viewed on our website before purchase.

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End Time: 2025-01-28T08:54:39.000Z

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