Time for the Organization
Uncertainty and decision-making in management and governance
Document Info:
This Masters Thesis is presented in PDF format and is approx. 1.3 MB in file size and 110 pages in length .
Thesis: 2005, Masters, Stockholm School of Economics, Stockholm, Sweden
Summary:
This thesis is a case study with the purpose of exploring the validity of Requisite Organization, a framework developed by the organizational theorist Elliott Jaques.
Jaquesian theory is methodologically individualist, and the author argues that there are close theoretical linkages to especially the Austrian school of economics. An integral aspect pertains to how individuals deal with uncertainty over time when making decisions and solving tasks. Intentional behavior requires independent planning and execution of tasks over time, and the complexity of intentional behavior is directly correlated to the expected completion time of a task. An individual's Capability to deal with complexity can be matched to the requirements of a work role, forming the foundation for matching strategy to structure and staffing in organizations.
The presented evidence supports the validity of Jaquesian theory. In addition, the study examines how implementation could come about, and how Jaquesian theory can be used to develop corporate governance. A discussion on research methodology is also included.