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The Socio-Economic Approach to Management:Steering Organizations into the Future

Author

Listed:
  • John Conbere

    (SEAM Institute, USA)

  • Alla Heorhiadi

    (SEAM Institute, USA)

Abstract

Many organizational leaders may not even realize that most of their strategic decisions are made without accurate or full information. And yet more than 40 years of socio-economic research indicate that around 40% of what happens economically in organizations is not taken into consideration by traditional accounting. This lack of information affects an organization's effectiveness by turning organizational functions into dys-functions which leads to hidden costs. Socio-economic research shows that average hidden costs are more than $20,000 per employee per year.

Individual chapters are listed in the "Chapters" tab

Suggested Citation

  • John Conbere & Alla Heorhiadi, 2018. "The Socio-Economic Approach to Management:Steering Organizations into the Future," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number 10788, August.
    • Handle: RePEc:wsi:wsbook:10788
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    File URL: https://www.worldscientific.com/worldscibooks/10.1142/10788
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    More about this item

    Keywords

    Socio-Economic Management; SEAM; Management; Organizational Effectiveness; Human Potential;
    All these keywords.

    JEL classification:

    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights

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