{"product_id":"the-behavioral-foundations-of-strategic-management-isbn-9781405124706","title":"The Behavioral Foundations of Strategic Management","description":"\u003cb\u003eThe Behavioral Foundations of Strategic Management\u003c\/b\u003e \u003cp\u003eThis book argues that rationality and market equilibrium assumptions are inconsistent with rigorous strategic management research so that strategic management should adopt behavioral assumptions.  \u003c\/p\u003e\u003cp\u003eWhen strategy scholars assume that firms can make better or worse decisions, they implicitly adopt a behavioral view. After examining the problems that rationality and equilibrium assumptions create, the author outlines the basics of a behavioral approach to strategic management. The book addresses how a behavioral approach relates to several major strains of strategic management scholarship and explores relevant methodological issues. \u003c\/p\u003e\u003cp\u003eOverall, the book argues persuasively that a behavioral perspective offers the best foundation for strategic management scholarship.  \u003cb\u003e1. Introduction\u003c\/b\u003e. \u003c\/p\u003e\u003cp\u003eObjectives of Strategic Management Research:.\u003c\/p\u003e \u003cp\u003eWhat is an Explanation?.\u003c\/p\u003e \u003cp\u003eRigor in Strategy Research.\u003c\/p\u003e \u003cp\u003eRationality and Bounded Rationality.\u003c\/p\u003e \u003cp\u003eSummary of the Argument.\u003c\/p\u003e \u003cp\u003eOutline of the book.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e2. Basics of A Behavioral Approach\u003c\/b\u003e.\u003c\/p\u003e \u003cp\u003eBasic Views of Decisions.\u003c\/p\u003e \u003cp\u003eBounded Rationality.\u003c\/p\u003e \u003cp\u003eRoutines.\u003c\/p\u003e \u003cp\u003eAspirations and Search.\u003c\/p\u003e \u003cp\u003eAspiration Levels.\u003c\/p\u003e \u003cp\u003eSearch.\u003c\/p\u003e \u003cp\u003eAlternative Variations.\u003c\/p\u003e \u003cp\u003eSlack.\u003c\/p\u003e \u003cp\u003eThe Ecological or Selection Argument.\u003c\/p\u003e \u003cp\u003eTwo Criticisms of the Bounded Rationality View.\u003c\/p\u003e \u003cp\u003eSummary.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e3. A Behavioral Critique of Rationality and Equilibrium\u003c\/b\u003e.\u003c\/p\u003e \u003cp\u003eThe Behavioral Critique of Rationality.\u003c\/p\u003e \u003cp\u003eRationality Assumptions are Untestable.\u003c\/p\u003e \u003cp\u003eOnly Optimizers Survive – Selection.\u003c\/p\u003e \u003cp\u003eCorrectness of Assumptions Doesn’t Matter because Optimization Predicts Well.\u003c\/p\u003e \u003cp\u003eDoes Optimization Predict Well?.\u003c\/p\u003e \u003cp\u003ePrediction is the Appropriate Test of a Theory.\u003c\/p\u003e \u003cp\u003eThe Assumptions are Close Enough.\u003c\/p\u003e \u003cp\u003eVery Weak Form Rationality?.\u003c\/p\u003e \u003cp\u003eOptimization is Best!.\u003c\/p\u003e \u003cp\u003eLogical Problems of Rationality and Equilibrium.\u003c\/p\u003e \u003cp\u003eBounded rationality in economics.\u003c\/p\u003e \u003cp\u003eGame theory.\u003c\/p\u003e \u003cp\u003eA Lack of Rigor.\u003c\/p\u003e \u003cp\u003eUses of Formal Models.\u003c\/p\u003e \u003cp\u003eSummary.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e4. A Behaviorist’s Perspective on Current Strategy Approaches.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBehavioral Traditions in Strategy.\u003c\/p\u003e \u003cp\u003eNo Rules for Riches?.\u003c\/p\u003e \u003cp\u003eResource Based View.\u003c\/p\u003e \u003cp\u003eThe RBV versus’ Porter’s Industry Analysis.\u003c\/p\u003e \u003cp\u003eTransactions Costs.\u003c\/p\u003e \u003cp\u003eAgency Theory.\u003c\/p\u003e \u003cp\u003eSummary.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e5. Behavioral Methodology\u003c\/b\u003e.\u003c\/p\u003e \u003cp\u003eImportance of Process.\u003c\/p\u003e \u003cp\u003eProcess and Testing.\u003c\/p\u003e \u003cp\u003eTime Series and Endogeneity.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e6. Where do we go from here?.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eManagement Strategy and External Strategy.\u003c\/p\u003e \u003cp\u003eCompetition.\u003c\/p\u003e \u003cp\u003ePrescription.\u003c\/p\u003e \u003cp\u003eStatistics.\u003c\/p\u003e \u003cp\u003eBehavioral Theory of the Firm.\u003c\/p\u003e \u003cp\u003eConcluding Remarks.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e7. References\u003c\/b\u003e\u003c\/p\u003e \u003cb\u003ePhilip Bromiley\u003c\/b\u003e holds the Curtis L. Carlson Chair in Strategic Management and is Chair of the Department of Strategic Management and Organization at the Carlson School of Management, University of Minnesota.  This book argues that assumptions of rationality and market equilibrium are inconsistent with rigorous strategic management research and that strategic management should adopt behavioral assumptions. \u003cbr\u003e \u003cp\u003eThe author suggests that most scholars in strategic management implicitly adopt a behavioral view by assuming firms can make better or worse decisions, and then trying to understand the characteristics of these decisions. He outlines the basics of a behavioral approach to strategic management; he examines assumptions of rationality and equilibrium and the problems they create; and he considers how a behavioral approach relates to several major strains of strategic management scholarship. Relevant methodological issues are also explored.\u003cbr\u003e \u003c\/p\u003e \u003cp\u003eThe book as a whole argues persuasively that a behavioral perspective offers the best foundation for strategic management scholarship.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990166192357,"sku":"NP9781405124706","price":60.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781405124706.jpg?v=1761786756","url":"https:\/\/k12savings.com\/products\/the-behavioral-foundations-of-strategic-management-isbn-9781405124706","provider":"K12savings","version":"1.0","type":"link"}