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Cognitive Time Distortion on the Performance of Economic Organizations
Stockholm Univ.ORCID iD: 0000-0002-9176-553X
Linnaeus University, Faculty of Technology, Department of Informatics.
2014 (English)In: Systems research and behavioral science, ISSN 1092-7026, E-ISSN 1099-1743, Vol. 31, no 1, p. 77-93Article in journal (Refereed) Published
Abstract [en]

This paper introduces a novel conception of an economic organization, where its Total Profit Equation accounts for the phenomenon of cognitive time distortionthis being understood as the discrepancy between physical and cognitive time. Cognitive time distortion is unconditionally inherent in all human beings and everything they do, and typically produces economic inefficiencies as well as human stress; all this may now be conceptualized, detected, and acted upon. The novel Total Profit Equation as introduced here, including its underlying Total Revenue Equation and the Total Cost Equation, echoes a call of the founders of Systems Sciences that non-trivial systems manifest several kinds of temporal experiences. This call has largely been ignored by the various disciplines that study organizations and their management, particularly economic organizations, where the temporal experience of economic organizations is reduced to physical time. In this sense, this contribution offers an alternative to remedy that reductionism. Copyright (c) 2013 John Wiley & Sons, Ltd.

Place, publisher, year, edition, pages
John Wiley & Sons, 2014. Vol. 31, no 1, p. 77-93
Keywords [en]
economic organization, contract, productivity, cognitive time distortion, reductionism
National Category
Information Systems
Research subject
Computer and Information Sciences Computer Science, Information Systems
Identifiers
URN: urn:nbn:se:lnu:diva-33577DOI: 10.1002/sres.2173ISI: 000331128900008Scopus ID: 2-s2.0-84892969269OAI: oai:DiVA.org:lnu-33577DiVA, id: diva2:709812
Available from: 2014-04-03 Created: 2014-04-03 Last updated: 2018-05-18Bibliographically approved

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von Schéele, FabianHaftor, Darek

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