Self‐ or rule‐based governance: analysis of choice‐making behaviour

Corporate Governance (Bingley) - 2010
E.Isaac Mostovicz1, Nada K.Kakabadse2, Andrew P.Kakabadse3
1Chief Executive Officer at Janus Thinking Ltd, Jerusalem, Israel
2Professor in Management & Business Research at Northampton Business School, Northampton, UK
3Professor of International Management Development at Cranfield School of Management, Cranfield, UK

Tóm tắt

PurposeThis study seeks to propose self‐governance in organisations based on choice‐making behaviour.Design/methodology/approachThe paper examines selected literature on the behaviour of choice, moving from the individual as the unit of analysis to the organisation, in order to draw lessons for proper governance. To do so, it refers to a series of three independent studies, namely, of luxury, leadership and the role of luxury in helping to cope with organisational pressure.FindingsThe paper reviews the need for choice (or human logic), exemplified by the Theta and Lambda worldviews, and the difficulties in its proper implementation. A study into luxury reveals the role of luxury in choice‐making behaviour and the language used for making these choices. These findings are applied to a study into leadership and followed by a third and ongoing study that provides empirical evidence that tension in organisations results, in numerous cases, from an imposed lack of choice because of improper governance. The paper concludes with recommendations for organisational governance.Research limitations/implicationsThe claim that conflicts in organisations are based on differences between Theta and Lambda worldviews is based on some empirical evidence only. Criticising governance by rules, the paper does not look in detail into the reasons behind the drive for such a way of governance or how to help change an organisation's governance approach.Originality/valueThe paper introduces the concept of Theta and Lambda worldviews, provides a psychological definition of what luxury is and its importance to organisational life and questions the usefulness of enhanced governance.

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