Adaptability Efficiency in the Context of Management and Economics: Origin and Development
- https://doi.org/10.2991/saeme-18.2018.10How to use a DOI?
- Classical organization theory, bureaucracy, neoinstitutional economics, revolutionary economics.
The thesis analyzes the origin and development of the concept “adaptability efficiency” in the research field of management and economics. It finds out that, the research has changed from a static to dynamic way, a unique to complex view. The most favored method to study organization should combine the dynamic, historical way and tactic, internal way together. Taylor’s scientific management improves production rationalization through standardizing process to ensure workshop’s efficiency, and the purely bureaucratic type of administrative organization has become very popular as its capability of attaining the highest degree of efficiency(from a purely technical point of view). Efficiency is mentioned static resource distribution efficiency traditionally, but it cannot reflect the dynamic change in economy and institution. North strengthens that the institutional “adaptability efficiency” rather than production factors “distribution efficiency” decides the long-term economic growth. “Adaptability efficiency” means the ability of sustainable development of institution adjusting to the environment. So what is the logic behind “adaptability efficiency” in the research of management and economics; how they discuss “organization” in different theories; and what can we learn from it
- © 2018, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Manli Cheng AU - Bo Chen PY - 2018/06 DA - 2018/06 TI - Adaptability Efficiency in the Context of Management and Economics: Origin and Development BT - Proceedings of the 2018 International Conference on Sports, Arts, Education and Management Engineering (SAEME 2018) PB - Atlantis Press SP - 57 EP - 60 SN - 2352-5398 UR - https://doi.org/10.2991/saeme-18.2018.10 DO - https://doi.org/10.2991/saeme-18.2018.10 ID - Cheng2018/06 ER -