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Information management
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===Behavioural and organisational theories=== It is commonly believed that good information management is crucial to the smooth working of organisations, and although there is no commonly accepted [[theory]] of information management ''per se'', behavioural and organisational theories help. Following the [[behavioural science]] theory of management, mainly developed at [[Carnegie Mellon University]] and prominently supported by March and Simon,<ref name="March and Simon" /> most of what goes on in modern organizations is actually information handling and decision making. One crucial factor in information handling and decision making is an individual's ability to process information and to make decisions under limitations that might derive from the context: a person's age, the situational complexity, or a lack of requisite quality in the information that is at hand β all of which is exacerbated by the rapid advance of technology and the new kinds of [[system]] that it enables, especially as the [[social web]] emerges as a phenomenon that business cannot ignore. And yet, well before there was any general recognition of the importance of information management in organisations, March and Simon <ref name="March and Simon">March, J.G. & Simon, H.A., 1958. ''Organizations'', Wiley</ref> argued that organizations have to be considered as [[cooperative systems]], with a high level of information processing and a vast need for decision making at various levels. Instead of using the model of the "[[economic man]]", as advocated in classical theory <ref name="Opp">see Opp, K.-D., 1985. Sociology and economic man. ''Zeitschrift fΓΌr die gesamte Staatswissenschaft/Journal of Institutional and Theoretical Economics'', pp.213β243</ref> they proposed "[[administrative man]]" as an alternative, based on their argumentation about the cognitive limits of rationality. Additionally they proposed the notion of [[satisficing]], which entails searching through the available alternatives until an acceptability threshold is met - another idea that still has currency.<ref name="Winter">Winter, S.G., 2000. The satisficing principle in capability learning. ''Strategic Management Journal'', 21(10-11), pp.981β996</ref>
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