What term best defines a complex set of behavior patterns that Nelson and Winter view the actions of firms to be a result of?
A)Routines
B)Decisions
C)Heuristics
D)Relationships
E)Resolutions

Question

Quizplus · Accepted Answer

Nelson and Winter argue that firms' actions are the result of a complex set of behavior patterns or routines that are developed over time and become ingrained in the organization. These routines guide decision making and action-taking within the firm, shaping its behavior and ultimately its performance. This view stands in contrast to the traditional economic view of firms as rational actors making optimal decisions based on market conditions.

What Term Best Defines a Complex Set of Behavior Patterns