TOWARDS A FINANCIAL/BEHAVIOURAL MODEL OF A FIRM

Recent industrial disputes have demonstrated that massive confrontations can and do take place. Similarly massive financial collapses are not unknown. How can collision with these industrial icebergs be avoided? Corporate models are now available which provide adequate descriptions of the financial implications of managerial initiatives: using Likert's approach it is possible to seek an explanation of industrial behaviour, in terms of a relationship between attitudes, behaviour and financial results. There are at present no comprehensive analytical connections between these variables; but the urgent need for, and the utility of, such work is explored in this article.