Managing in the Context of Bounded Rationality
Aims of the course
no descriptionCourse syllabus
1. Applicability and limitations of economics theory in management2. Rationality as the basic assumption of the economics theory
2.1. Neoclassical perfect rationality
2.2. Bounded Rationality (Simon)
2.3. Contextual Rationality
3. Rationality and the reality of the managerial work
3.1. Myths about the managerial work
3.2. What managers really do (Mintzberg)
3.3. The roles of manger in the organization
4. Causes of bounded rationality
4.1. Personality
4.2. Values
4.3. Perception
4.4. Information processing and mental frames
4.5. Emotions
4.6. Habits
4.7. Learning
5. Strategies for coping with bounded rationality
5.1. Satisficing
5.2. Heuristics and biases
5.3. Credibility, trust and reciprocity
5.4. Intuition
6. Decision-making in the context of bounded rationality
7. Leadership in the context of bounded rationality
7.1. Motivation theories
7.2. Leadership theories
8. Bounded rationality in teams
8.1. Team dynamics
8.2. Norms, customs and roles
8.3. Behavior in the groups
8.4. Group dysfunctions
9. Power, influence and politics in organizations
10. Culture and its influence on managers
10.1. National culture
10.2. Organizational culture
Course director(s)
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