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This essay discusses the direct and indirect ways in which Herbert Simon's ideas influenced two British scholars in the study of decision making and entrepreneurship in the large and complex modern business corporation. It suggests that his focus on imperfect and dispersed knowledge and on subsystems in organisations were forerunners of the notions of incrementalism and diffused entrepreneurship....
This paper reproduces a keynote address [1] given by the author at a conference held in Hong Kong in May 1994. The conference, organized by the Management Development Centre of Hong Kong and the Hong Kong Productivity Council, was attended by some 380 participants from 23 countries. The paper is concerned with the demands made on managers in modern business organizations. It suggests that innovative...
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