Behavioral Theory of the Firm

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A theory of how a firm or company makes decisions. The behavioral theory states that a company's decision makers may not make the best decisions all the time because of lack of information, how a question is framed or their own prejudices and fears. Because more than one person is usually involved in a company's decision-making process, firms often implement policies to reduce the incentive for the personal perceptions of multiple persons to result in inefficient decisions. See also: Theory of the Firm.

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No references found			Behavioral Theory Wiseman and Bromiley (1996), in examining the behavioral theory of the firm (Cyert and March, 1963; March, 1994), suggest that a number of contextual variables are integral to the decision-making process. Reexamining the relationship between action preferences and ... by Mukherji, Ananda; Wright, Peter / Journal of Managerial Issues This was economic gospel until 1963, when A Behavioral Theory of the Firm, written by Cyert and March, broke with this conventional thinking. Processes, Practices, People. (Agile And Otherwise) by Dove, Rick / Automotive Design & Production			Beauty Shot Bed and Breakfast bedrock bedroom community Beehive Beemer Beer Token Beer v. United States Bees and Honey BEF Before the Bell before-and-after rule Before-Tax Basis before-tax cash flow Before-Tax Contributions Before-tax profit margin Beggar-Thy-Neighbor Beggar-Thy-Neighbor Devaluation Beginning Inventory Beglaubigung Behavior Segmentation Behavioral Accounting Behavioral Economics Behavioral Economist Behavioral Finance Behavioral Theory of the Firm Behind Beige Book Beirat Beirut Agreement Beirut Stock Exchange Belarusian Ruble Belasting Belastingcontrole Belgian Franc Belgian Option Belgium Futures and Options Exchange Belgium-Luxembourg Economic Union Belize Dollar Bell Bell Cow Bell Curve Bells and Whistles Bellwether Bellwether Issue Bellwether Issues Bellwether Security Belly Belly Cargo Belly Up Below Market Rate			Behavioral Science Track Award for Rapid Transition Behavioral Science Unit Behavioral Science Working Group Behavioral sciences Behavioral Sciences and Education Behavioral Sciences Regulatory Board Behavioral Sciences Research Press, Inc. behavioral scientist behavioral scientist behavioral seizure behavioral seizure Behavioral Self-Control Training Behavioral Specialist Consultant Behavioral Statement Behavioral Surveillance Branch behavioral symptom behavioral system behavioral system behavioral system behavioral system behavioral system model behavioral systems model Behavioral targeting Behavioral Targeting Advertising Behavioral Taxonomy behavioral technique Behavioral Technology Transfer Group Behavioral Test Technology Behavioral Theories of the Firm Behavioral Theory of the Firm Behavioral Therapies Development Program behavioral therapy behavioral therapy behavioral toxicology Behavioral Training Institute Behavioral Treatment of Tics Study Behavioral Verification Technology Behavioral Weight Loss Treatment Behavioral, Cognitive, Sensory Sciences, and Education Behavioral, Developmental and Protective Services Behavioralist Behavioralist Behavioralist Behavioralist Behavioralist psychology Behavioralist psychology Behavioralist psychology Behavioralist psychology behaviorally behaviorally behaviorally behaviorally behaviorally Behaviorally Anchored Rating Scale Behaviorally-Emotionally Handicapped behaviorism behaviorism behaviorism behaviorism behaviorist

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