Exploring the idea that the purpose of modern firms

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In the book The Modern Firm, John Roberts argues that the primary purpose of the firm is 'to coordinate and motivate people's economic activity' (p.74). Read the journal article by Herbert Simon, where this idea is explored in some detail. How convincing is the proposition put forward by both these writers that coordination and motivation of business activity is achieved predominantly through organizations rather than the market and what relevance does this have for you as a student of Management?

Additional Information:

The question is from Human Resources Management as well as it discusses about reviewing the journal article by Herbert Simon, Organizations and Markets and exploring the idea that the purpose of modern firms is to coordinate as well as motivate people's economic activity.

Total Word Limit: 1098 Words

Reference no: EM13828622

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