Essay: The traditional economic rational approach
The reduction capacity of the traditional economic rational approach has been decried by many economist and sociologists for its lack of consideration for the social impact. (Etzioni, 1999).
The solution to the problem can be of a mixed theory of social action. The rational approach has to be combined with a sociological approach in order for the organization to avoid negative effects of the traditional approach on the organization itself.
Human behavior has a number of shades to it in which rational and irrational elements are included. The social and economic aspect has to be considered while analyzing any decision and the entire framework of the organization would have to be framed as such.