Human Resource Management: Some Vital Considerations

The paper discusses how and why the theories of neo-classical economics are inadequate to provide a framework to human resource management and therefore must give way to dynamic gradual optimization procedure based on the principles of bounded rationality and satisficing behaviour in dealing with the problems of an adaptive complex system of business organization. It also widens the scope of human resource management to include crowd-sourcing.

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Year of publication:	2007-08-04
Authors:	Mishra, SK
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	Human resource management \| bounded rationality \| adaptive complex system \| satisficing behaviour \| dynamic gradual optimization \| crowd-sourcing

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Classification:	L20 - Firm Objectives, Organization, and Behavior. General ; J50 - Labor-Management Relations, Trade Unions, and Collective Bargaining. General ; J20 - Time Allocation; Work Behavior; Employment Determination and Creation. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005260316