“Anna Grandori opened-up a new perspective on decision making, both challenging and complementing Herbert Simon’s “satisficing”, suggesting that knowledge, in depth thinking and method offer a way out of the usual dilemma between a classical rational deductive approach and an essentially behavioral view that leads to giving up hopes for insightful decisions.

 

This epistemic shift on decision making led her to the issue of governance and paved the way for her revisiting of the theory of the firm. Reconnecting Law and Economics to management and organization, she modelled the Enterprise as an economic institution in liberal democracies. These contributions were very inspirational for many management researchers interested in the status and mission of firms (and a variety of other forms of organizations), a theme particularly important today in Europe.”