Henri Fayol and Herbert Simon Term Paper

Primarily, he is remembered for the contributions he made in the area of microeconomics (Simon, 1978). He created organizational decision-making, which was very significant, and the ideas that he came up with in that area are still known and accepted today. Uncertainty in this particular area was another one of the concepts that Simon introduced and that is still important today (Simon, 1991). Most of the works that he wrote concerned themselves with decision-making, and he expended on this concept and worked with it for most of his life. It was so important for him that he revisited it in many different ways throughout his life and the books and articles that he wrote.Bibliography

Henri Fayol (n.d.) Retrieved at http://www.analytictech.com/mb021/fayol.htm.

Simon, H. (1991). "Organizations and markets." Journal of Economic Perspectives, 5(2), 28.

Simon, H. (1978). Autobiography. Nobelprize.org. Retrieved at http://nobelprize.org/nobel_prizes/economics/laureates/1978/simon-autobio.html

Simon, H. (1997). Administrative behavior, 4th edition. New York: Free Press.

Wren, D., Bedeian, a.G., & Breeze, J.D. (2002). The foundations of Henri Fayol's administrative theory. Management Decision, 40(9), 906-918......