Richard Cyert: Effectiveness

Richard Cyert was American economist. Explore interesting quotes on effectiveness.
Richard Cyert: 14   quotes 0   likes

“In recent years there has been increased interest in the effects of internal communication on decision processes. A number of hypotheses relating the bias in information to the final decision have been proposed. In this paper we discuss two laboratory experiments which were designed to test two such hypotheses. The first experiment tests the hypothesis that cost and sales estimations are made with the implicit assumption that a biased pay-off structure exists. The second experiment tests explicitly the effects of biased and unbiased pay-off structures on estimation within an organization. An analysis of the data for the two experiments is made and some implications for further research are drawn from the results.”

Richard Cyert

Richard Cyert, James G. March, William H. Starbuck. (1961) "Two experiments on bias and conflict in organisational estimation," Management Science, 254–64; Abstract

Communication , Decision

“Effective retention is heavily dependent on recruiting students with the potential to graduate.”

Richard Cyert

Richard Cyert, cited in: National Academies (1979), Building the Multiplier Effect: Summary of a National Symposium, September 14-16, 1978. p. 9

Dependency

“We believe that, in order to understand contemporary economic decision making, we need to supplement the study of market factors with an examination of the internal operation of the firm – to study the effects of organizational structure and conventional practice on the developments of goals, the formation of expectations, and the execution of choices.”

Richard Cyert

Source: A behavioral theory of the firm, 1959, p. 1

Understanding , Decision , Study