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THE USE OF RATIONAL SYSTEMS IN BOUNDED RATIONALITY ORGANIZATIONS: A DILEMMA FOR FINANCIAL MANAGERS
Author(s) -
Bromiley Philip,
Euske K.J.
Publication year - 1986
Publication title -
financial accountability and management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.661
H-Index - 44
eISSN - 1468-0408
pISSN - 0267-4424
DOI - 10.1111/j.1468-0408.1986.tb00271.x
Subject(s) - dilemma , bounded rationality , rationality , business , bounded function , accounting , finance , economics , microeconomics , political science , mathematics , law , mathematical analysis , geometry
This article discusses some general weaknesses of rationally-based management techniques. To make the discussion more concrete, examples of the weaknesses in one management technology, MBO, are discusses with a recognition that similar weaknesses are present in other rationally-based systems. his article is intended neither to review all of the literature on the advantages and disadvantages of MBO (let alone all rationally-based techniques) nor to present the management technique which will resolve the problems of management. Rather this article looks at rationally-based techniques and seeks to address the questions, 'How can we deal with them given their sometimes obvious problems?'
We first review MBO in relation to a number of concept in the organizational literature, and then suggest some possible changes in the implementation of MBO.NPS Foundatio