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RichardM Cyert has written:

'The economic theory of organization and the firm' -- subject(s): Industrial organization (Economic theory)

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When was Richard Cyert born?

Richard Cyert was born on 1921-07-22.


When did Richard Cyert die?

Richard Cyert died on 1998-10-07.


What is cyert and march's behavior theory what are the demerits?

Cyert and March's behavior theory suggests that organizations make decisions based on a mix of rationality and incrementalism, focusing on satisfying rather than maximizing goals. However, critics argue that the theory oversimplifies the decision-making process and neglects the role of power dynamics and external influences in organizational behavior.


Meaning and demerits of Cyert and March behavior theory?

Cyert and March's behavioral theory focuses on how organizations make decisions based on bounded rationality. The theory suggests that decisions are influenced by cognitive and behavioral limitations of individuals within an organization. Some demerits of this theory include oversimplification of decision-making processes, lack of consideration for external factors, and difficulty in empirical testing due to its subjective nature.


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