The problem is that there is a lack of an academically reliable motivation theory originating from public organizations. However, there are motivation theories that have been tested on a variety of organizations. The fact that many public organizations have performance problems indicates that there is a need for a motivation theory which is applicable to public organization.
I discuss and compare alternative approaches to integrating bounded rationality with the theory of economic organization, concentrating on the organizational capabilities approach, which is strongly influenced by the works of Nelson and Winter..
Evolutionary theories of technological change and industrial dynamics give primary importance to interaction between heterogeneous agents, endowed with complementary assets and competencies. Accordingly, support to co-operative R&D is central to technology policy, as a mean for increasing system connectivity, triggering virtuous cycles of learning and promoting variety.
Objectives are pre-determined goals to which individual or team activity within an corporation is directed. Objectives of HRM are affected by business objectives and individual and social goals. The main objective of HRM Human Resource Management is to make sure the supply of skilled and willing employees for an enterprise.
Project management has become a natural way of conducting activities in companies. The aim is continuous improvement in project performance. The way knowledge is managed in the company is crucial for gaining competitive advantage. Knowledge management and learning, has been recognized by academics and practitioners as important to achieving success and improvement in projects.
ERP systems link together an organization’s strategy, structure, and business processes with the IT system. The different way of handling the process of ERP implementation brings about many success and failure stories. By doing research on 1) what are the critical success factors in the implementation of ERP
The purpose of this paper is to obtain a fractional Black-Scholes formula for the price of an option for every t in [0,T], a fractional Black-Scholes equation and a risk-neutral valuation theorem if the underlying is driven by a fractional Brownian motion BH (t), 1/2 < H < 1.
In the light of choosing between individual, group or simultaneous reward systems; how do organizations argue for their chosen reward system? Swedish organizations have during the past decades had a strong tendency towards rewarding collectively. This has its routs in that the Swedish federations of labour unions have had a penetrating power in most sectors
The paper presents and formalises an approach to the evolution of the organisation of industry which starts from multi-activity firms, and which relates to economists like Young, Stigler, and Richardson. To capture the open-ended process of disintegration of industry, the paper operates with decomposable tasks and gives an account of the vertical and horizontal structure of production by means of weighted trees in the graphtheoretical sense
Motivating employees is essential for any organization aspiring to succeed. However, the process of motivating is not straightforward due to the diversity of individual’s needs. The task has been made even more difficult by the fact that personalized needs have altered in recent years. For instance, in many circumstances financial compensation is not considered as the main motivational factor of employees.