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- W2042184293 abstract "According to mainstream economic theory, businesses are essentially machines, vehicles for transforming inputs into outputs. Although useful for some purposes, this theory unfortunately fails to account for some very important differences between companies. What is missing from the machine model of the firm are the soft ingredients such as leadership, vision, passion, ethical principle, character, empowerment, self-realization, commitment, community, and inspiration. The reason they are missing is that these “soft” factors are considered to be incompatible with the “hard” nature of economic theory. Contrary to the conventional economic wisdom, the present paper develops a holistic model of the firm that incorporates both hard and soft ingredients." @default.
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- W2042184293 title "Beyond the machine model of the firm, toward a holistic human model" @default.
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