MICROFOUNDATIONS OF MANAGEMENT: BEHAVIORAL STRATEGIES AND LEVELS OF RATIONALITY IN ORGANIZATIONAL ACTION.

Behavioral strategies are a potentially promising microfoundation of management research. Organizational scholars are investigating strategies involving momentum, feedback, inference, and anticipation, and evidence is mounting for each one. These strategies are interesting because they reflect how boundedly rational decision makers reach different levels of collective rationality in organizational action, and they have consequences for organizational learning and adaptation. They also serve as windows into decision-making processes and sources of puzzles that can guide direct investigation of decision-making processes. The combination of evidence, consequentiality, and generative power for future research argues for giving behavioral strategies a role in the microfoundations of management theory. [ABSTRACT FROM AUTHOR]

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