To read the full version of this content please select one of the options below:

Routine inefficiency: operational satisficing and real-world markets

Economic Sociology of Work

ISBN: 978-1-84855-368-2, eISBN: 978-1-84855-369-9

ISSN: 0277-2833

Publication date: 19 May 2009

Abstract

Originality – While the findings are subject to the standard caveats regarding nonrandom qualitative samples, the rich data produced and the in-depth analysis of real-world organizational pressures and managerial decision-making provide distinctive insights into how managers must balance external market pressures with internal labor process problems. Individual motivation appears to be at least as important in true organizational innovation as market discipline. While adaptation and learning certainly occur in organizations (and selection also operates through the death of extreme laggards) there exists sufficient institutional space within markets for a range of variation in organizational performance. The findings suggest that the analysis of internal organizational dynamics provides an essential part of a realistic theory of markets.

Citation

Vidal, M. (2009), "Routine inefficiency: operational satisficing and real-world markets", Bandelj, N. (Ed.) Economic Sociology of Work (Research in the Sociology of Work, Vol. 18), Emerald Group Publishing Limited, Bingley, pp. 89-117. https://doi.org/10.1108/S0277-2833(2009)0000018007

Publisher

:

Emerald Group Publishing Limited

Copyright © 2009, Emerald Group Publishing Limited