Discuss between rational economic man model and organizational man mod

1.	Discuss between rational economic man model and organizational man model
Answer» There are TWO CONTRASTING views of models of decision-making with each model using varying degree of rationality. These models are economic man model and administrative man model. (i) Economic Man Model- The economic man model is used in the classical approach of decision-making. It is essentially a theory of decision-making under conditions of certainty. The economic man is completely rational. In the economic man model, decision-making is characterized by the following features- (a) Decision-making is completely rational in the means-ends sense. Economic man always identifies clearly the ends to which he wants to reach and the means which are available for the purpose. (b) Economic man is rational in that he can order his various PREFERENCES according to his hierarchy of values and then actually make his choice in order to maximize some desired value. Generally, this desired value would be EQUIVALENT to organizational goal attainment and the .task goal of profit in particular if decision-making is CONSIDERED in organizational context.

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Discuss between rational economic man model and organizational man model

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