1. Herbert Simon's Contribution Field of Organizational Theory
He argued that economic answers as suggested by the perfect rationalists assume that the premises upon which the conclusion is reached is itself water tight as to be able to provide a watertight conclusion. ... Herbert thus concludes that it is not possible to have perfectly rational conclusion. ... It is thus imperative for the administrator not to wait for the perfect information to reach a perfect conclusion. ... It is this decision that Herbert called a good enough conclusion and hence a good enough decision. ... In each of these situations, conclusion reached is good enough. 2.2 Decisi...
- Word Count: 2465
- Approx Pages: 10
- Has Bibliography
- Grade Level: Undergraduate