term 1 core Flashcards
(23 cards)
TCE
(Coase, 1937)
(williamson, 1975)
transactions are the fundamental unit of exchange.
(Coase & Williamson, 1977)
the M-form was created to provide an internal market for capital
management ideas oscillate between rational & normative
Industrial betterment → scientific management → welfare capitalism → human relations → systems rationalism → organisational culture…
(Barley & Kunda, 1992)
businesses adopt strategies based on perceived success stories. Leads to fads. Proved their theory of adaptive emulation with computational experiments; there was widespread adoption of ineffective practices
(Strang & Macy, 2001)
AI is unlikely to generate CA as it is widely replicable & accessible.
- Similar to steam engines in 1700s, electric motors in 1800s & PCs in 70s.
- Instead, AI will be used to enhance current strengths.
- AI inverts first-mover advantage (model learns from your interaction, improving service for ‘late-movers’)
(Barney & Reeves, 2024)
strategies can be seen as tangible positions in the market (the hamburger), or broad perspectives (the notion of fast food). 🍔
(Mintzberg, 2024)
organisations in the field tend to become increasingly similar → institutional isomorphism.
- 3 ways; coercive (laws & regulations), Mimetic (to appear more legitimate), Normative (from professionalisation; norms/standards are created by professional bodies/educational institutions).
(DiMaggio & Powell, 1983)
established companies are good at improving existing technologies but often miss disruptive technologies- especially if they don’t target the same customer base.
It would actually be GOOD business practice to focus on your most valuable customers, but paradoxically this leads to firms missing new innovations.
(Bower & Christensen, 1995)
system 1 thinking (autopilot), system 2 (pilot). Automatic vs deliberate, fast vs slow.
(Kahneman, 2012)
bounded rationality theory.
(Simon & March, 1958)
LMEs are better suited for radical innovation while CMEs better for incremental innovation.
(Hall & Soskice, 2001)
managers not MBAs
(Mintzberg, 2004)
business schools need to stop teaching management theories; agency theory, neoclassical approach & shareholder primacy.
(Goshal, 2005)
illumination experiment
(Mayo, 1927)
wiring room experiments (surveillance will increase productivity)
(Mayo, 1932)
domination of management thought between 1870s-1920s by mechanical engineers still shapes management thinking.
(Shenhay, 1999)
the emergence of ‘bureaucratic personality’
(Merton, 1957)
employees non-work roles undermine bureaucracies by creating an informal structures from social groups & networks.
(Selznick, 1949)
moral licensing; where individual’s feel entitled to act unethically after doing something good. Extends to a leaders team members. Evidence of leaders that inspired their team to engage in citizenship behaviours acted less ethically.
(Klotz et al., 2019)
power is the ability to get someone to do something that they wouldn’t otherwise do.
(Dahl, 1957)
6 bases of power; coercive (punishment), reward, legitimate (formal position), referent (personal traits), expert, informational.
(French & Raven, 1959)
2/3 of Japanese R&D was process-orientated while 2/3 of US R&D was product-orientated.
(Mansfeild, 1988)
