Review article

A question of time: Do economists and strategic managers manage time or do they even care?

Sanja Pfeifer orcid.org/0000-0002-7394-3080 ; University of Osijek, Faculty of Economics

Abstract

The article explores the notion of time in an economic thought. Opposite to the importance of time, it has been shown that economic thought has no clear conceptual frame of the relevance of time in its investigations. The usage of time as a context of economic processes is being discussed. Different approaches toward the future are presented. Management science forecasting tools are systematized and presented as a tool for controlling and perpetuating present behavior instead of creating future behavior. Management science needs to adopt a new form of the question eligible to it, as well as to adopt a new quality of the answers relevant in management science. Future development depends on the imagination and passion for creating a future behavioral pattern more than the passion for explaining and rationalizing the future as the continuity of the present behavioral pattern that management science has historically inclined to do.

Keywords

the concept of time; human behavior; forecasting

Hrčak ID:

184574

URI

https://hrcak.srce.hr/184574

Publication date:

14.7.2017.

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