ACCY302 Nature of Man - The Nature of Man Choosing a model...

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Unformatted text preview: The Nature of Man Choosing a model for predicting behavior Why is the understanding of human nature useful information to an organization? A firm is a nexus of contracts. Thus, such an understanding allows for two things: 1) Better specification of contractual terms that support and encourage individual behaviors that contribute to the organizations objectives and goals. 2) Increased effectiveness of control mechanisms that enforce the contractual terms. What kinds of systems do managers use for control? Belief systems (used to inspire and direct the search for new opportunities) Boundary systems (used to set limits on opportunity-seeking behavior) Diagnostic control systems (used to motivate, monitor, and reward achievement based on specific goals) Interactive control systems (used to stimulate organizational learning and the emergence of new ideas and strategies) Links to Predicting Behavior...
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ACCY302 Nature of Man - The Nature of Man Choosing a model...

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