Search results

Herbert Simon's major contribution to decision‐making theory is the concept of “satisficing”. This was first posited in Administrative Behavior, published in 1947, and the book, concerned as it was with establishing a scientific approach to administrative theory, puts forward an adjustment of then‐current economic theory, which viewed administrative choice as a process of maximising. While, over the ensuing decades, Simon adjusted his definitions of both “economic man” and of “satisficing” in several subsequent publications, the original exposition of these was a major contribution to the area of administrative theory. An attempt has been made here to explore what circumstances might have led Simon into putting forward the concept of “satisficing”.

I integrate several literatures on how networks relate to firms and markets. While the logic of strong ties (based on mutual goodwill, trust, and commitment) is distinct from the style of interaction classically associated with hierarchical firms and free markets, such ties in fact depend on the legal environments constituted by firm and market. A key role is played by credible commitments to refrain from exercising rights to control others and exit relationships with them. But since such commitments to employees conflict with commitments to contractors, strong ties may be prevalent internally or externally, but not in both simultaneously.

F. Taylor Ostrander had two courses from Henry C. Simons, Economics 201, Price Theory in a Competitive Economy and the Effects of Monopoly, and Economics 360, Public Finance. Ostrander’s and one other set of annotations of the Syllabus from Economics 201 and his notes from Economics 360 are presented below.

This chapter describes and discusses the coming of age of price consulting from the perspective of Simon, Kucher, and Partners, today the world’s leading price consultancy. Starting with modest beginnings of a predominantly theoretical and methodological nature, the field has evolved into many specializations along measurement, model building, and structural and industry lines. The current stage of development is characterized by an advanced integration of theory and practice. In spite of the big progress, large growth potentials are previewed for the future. Price consulting is today seen as a young adult who still has a lot to learn and can further contribute to the professionalization of price management.

Economists are divided about population growth: the pessimism of neo‐Malthusians contrasts strongly with the optimism of cornucopians. Despite their differences, however, both schools of thought reject economic orthodoxy and prefer evolutionary forms of theory. Their interpretations of evolution are different: the neo‐Malthusians appeal to the entropy law, whereas the cornucopians emphasize human creativity expressed through markets. Argues that both schools are right to adopt an evolutionary outlook, but that they are too restrictive in their conception of evolution. A more complete evolutionary view, which allows properly for social institutions, could give a more balanced account of population growth.

This paper aims to evaluate the usefulness of two conceptual frameworks: levers of control (LOC) (Simons, 1995) and performance management systems (PMSs) (Ferreira and Otley, 2009) for studying PM practices using a case study.

A case study method is used whereby data are collected through semi-structured interviews, examination of the group’s annual reports and internal documents.

A key finding of this study is the use of a PMS at the case company which is formally structured and with objectives, mechanisms and processes designed beyond a mere “performance measurement system.” While the case analysis indicates that most of the key components of the two frameworks are featured in the company’s PMS design, the uses of Simons’ (1995) LOC, however, are not consistent with the notion of “balance” as advocated by the model.

The evidence presented in this study is based on one large manufacturing company, and hence the findings cannot be generalized.

The findings of this study can be used in enriching the design of current proposed theoretical frameworks and also in encouraging management accounting researchers to continue the efforts of studying performance management (PM) practices.

A deeper understanding of PM practices using holistic frameworks has yet to receive more contested efforts from management accounting researchers. This paper attempts to contribute to this endeavor and fill in the gap in this area of research.

In recent years, there has been a growing interest in nonverbal learning disabilities (NLD). Based on the description of this syndrome, the literature offers some guidelines for the intervention of children with NLD. However, studies on the effectiveness of these guidelines are rare. This study examined the influence of explicit verbal instruction on the arithmetic skills of five children with NLD in a pedagogical center in the Netherlands. The children were given direct verbal instruction twice a week for 10 weeks. The aim of this instruction was to teach them to multiply and divide. Additionally, the consequences of the direct verbal instruction on their strategy use and verbal problem-solving skills were investigated. The influence of the given instruction on the task orientation of the children was also assessed using a behavior observation scale. The results showed both, that is, the children took advantage of the direct verbal instruction and demonstrated quantitative and qualitative progress.

Population growth has remained a key issue facing developing economies in the world. While developed countries are experiencing diminished or negative population growth, many countries in sub-Saharan Africa including Nigeria are having population growth above the economic growth rate. With the deadline for the sustainable development goals approaching, attention is increasingly being focused on population growth and human capital development. Extant literature focused on population growth, human resource utilization and economic growth but this study aims to examine the effect of population growth on human resource utilization.

Using secondary data for the period 1990-2018, the study conducted unit root test and co-integration analyses to determine the stationarity and correlation in the long-run in the variables. The study used the error correction model to ascertain the speed at which shocks can be corrected in the long-run. Granger causality test was also carried out to ascertain the direction of causality among the variables.

The empirical results revealed that population growth has a negative and significant effect on human resource utilization. The study also revealed that unidirectional causality runs from employment rate to population growth rate and a unidirectional causality runs from employment growth rate to expected years of schooling. The Nigerian Government needs to not only control population growth but also focus on the quality of education.

The paper provides insights into the relationship between population growth and human capital utilization in Nigeria focusing on the 1986-2018 period.