James G. March, and Herbert A. Simon. "Organizations revisited." Industrial and Corporate Change 2.1 (1993): 299-316.
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Organizations are systems of coordinated action among individuals and groups whose preferences, information, interests, or knowledge differ. Organization theories describe the delicate conversion of conflict into cooperation, the mobilization of resources, and the coordination of effort that facilitate the joint survival of an organization and its members.
— James G. March on Organization
What It Means
This is a placeholder explanation generated by the low-overhead model. It interprets "Organizations are systems of coordinated action among individuals and groups whose preferences, information, interests, or knowledge differ. Organization theories describe the delicate conversion of conflict into cooperation, the mobilization of resources, and the coordination of effort that facilitate the joint survival of an organization and its members." in the context of "James G. March, and Herbert A. Simon. "Organizations revisited." Industrial and Corporate Change 2.1 (1993): 299-316." to mean that wisdom is timeless.
Source: Wikiquote: "Organization" (Quotes, 1990s)
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About James G. March
James Gardner March (January 15, 1928 – September 27, 2018) was an American business theorist and professor emeritus in management, sociology, political science, and education at Stanford University. Widely recognized as a pioneer of organization and management theory, March coauthored the classic books Organizations (1958) and A Behavioral Theory of the Firm (1959).
About James G. March
James Gardner March (January 15, 1928 – September 27, 2018) was an American business theorist and professor emeritus in management, sociology, political science, and education at Stanford University. Widely recognized as a pioneer of organization and management theory, March coauthored the classic books Organizations (1958) and A Behavioral Theory of the Firm (1959).
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