In environments where corporate leaders wield significant influence, there is a tendency for them to place their personal interests above the wider needs of society. What is this called?
Managerial State
Organizations are shaped by these outside influences
social and historical factors
limited knowledge to make decisions
concept of bounded rationality
Higher Self Reflection
More informed Decisions
Organizations are not __________ systems designed to achieve specific goals
technical
decisions in organizations are often made under what
conditions of uncertainty
execute their roles as leaders for the greater good of society over maximizing profits
Social responsibility
organizations must be what in the eyes of society to succeed
legitimate
Simon's work reshapes how we think about what?
Role of management, leadership, and decision-making in organizations
saw corporate executives as ____________ who had moral obligation to govern ethically
Guardians
organizations adopt certain practices to become more stable and accepted in society
Institutionalization
Human limitations and individual needs considered for what?
Organizational decisions
Scott pointed out in Barnard's management theory
It's outdated and elitist and gives too much power to the few. It also requires a specific type of conscientious and obedient employee.
This type of leadership helps organizations balance internal needs and external pressures
Responsive leadership
What is argued for essential for effective administration
flexibility and adaptability