A Behavioral Theory of the Firm—40 Years and Counting: Introduction and Impact
Abstract
In this introductory piece, we take stock of the impact of Cyert and March’s A Behavioral Theory of the Firm, describe current research trends in the behavioral tradition, and introduce the special issue’s papers. A Behavioral Theory of the Firm is one of the most influential management books of all time. In the book, Cyert and March developed theoretical building blocks that became the foundations for current research in organizational studies in management, economics, political science, and sociology. Cyert and March also made theoretical propositions that are investigated and extended in current work on organizational learning theory and evolutionary economics.
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The bulk of extant management research has relied on behavioral assumptions of boundedly rational human actors who engage in satisficing rather than maximizing behavior.
“The bulk of extant management research has relied on the behavioral assumptions of boundedly rational human actors, who-due to their information-processing limits and cognitive biases-engage in satisficing rather than maximizing behavior (Argote & Greve, 2007;Cyert & March, 1963).”
From Artificial Intelligence and Management: The Automation–Augmentation Paradox (2021) · cites this paper as Argote & Greve, 2007
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16 Scholarship, Scholarly Institutions, and Scholarly Communities
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Artificial Intelligence and Management: The Automation–Augmentation Paradox
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Search on Rugged Landscapes: An Experimental Study
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- Authors
- Argote, L., & Greve, H. R.
- Affiliations
- Carnegie Mellon University (US)
- BI Norwegian Business School (NO)
- Venue
- Organization Science
- Published
- 2007-06
- Volume
- 18
- Issue
- 3
- Pages
- 337-349
- ISSN
- 1047-7039 (ISSN-L)
- 1526-5455
- OpenAlex
- W2141109059
- Cited by
- 606
- References
- 190
- Citations by year
- 2026: 26 · 2025: 27 · 2024: 48 · 2023: 49 · 2022: 50 · 2021: 47 · 2020: 38 · 2019: 34 · 2018: 31 · 2017: 36 · 2016: 30 · 2015: 39 · 2014: 21 · 2013: 31 · 2012: 39
- FWCI
- 22.75
- Type
- journal article
- Language
- en
- Open access
- closed
- Locations
- Organization Science (publishedVersion)
- Funders
- Carnegie Mellon University
- Topics
- Social Sciences › Business, Management and Accounting › Organizational Behavior and Human Resource Management › Management Theory and Practice
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Economic Theory and Institutions
- Social Sciences › Business, Management and Accounting › Organizational Behavior and Human Resource Management › Management and Organizational Studies
- Keywords
- behavioral theory of the firm, organizational learning theory, evolutionary economics, organizational theory, history of management thought
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