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Richard Cyert Quotes

d. 1998 United States

Richard Michael Cyert (July 22, 1921 – October 7, 1998) was an American economist, statistician and organizational theorist, who served as the sixth President of Carnegie Mellon University in Pittsburgh, Pennsylvania, United States, known from his seminal 1959 work "A behavioral theory of the firm" co-authored with and James G. March.

United States
Academics
Business theorists
Economists

Also known as: Richard M. Cyert, Richard Michael Cyert

Random Richard Cyert quote

6 quotes

Rational actors are significantly constrained by limitations of information and calculation.

Relatively unsuccessful firms would be more likely to innovate than relatively successful firms.

Effective retention is heavily dependent on recruiting students with the potential to graduate.

National Academies (1979)

After two years of study, I'm happy to tell you that dire projections about declines in the U.S. work force due to technological change are exaggerated at best.

Data Center's Plant Shutdowns Monitor (1987)

In general, success tends to breed slack. One of the main consequences of slack is a muting of problems of resource scarcity. Slack provides a source of funds for innovations that would not be approved in the case of scarcity but that have strong subgroup support.

We believe that, in order to understand contemporary economic decision making, we need to supplement the study of market factors with an examination of the internal operation of the firm – to study the effects of organizational structure and conventional practice on the developments of goals, the formation of expectations, and the execution of choices.

Attribution

Quotes and notes from Wikiquote: Richard Cyert (page history), available under CC BY-SA 4.0.