This paper examines how a firm's choice of the type of experiment impacts on its potential exploitation of new technological opportunities. It does so in the context of the failure of successful firms (or disruption) where the literature has informally suggested that firms undertake errors in...

Uncertainty over future business conditions lies at the heart of firm decision-making. Uncertainty can arise from a myriad of sources and is difficult to measure. We present a simple conceptual framework showing how several key corporate decisions are affected by uncertainty. We also highlight...

This paper examines the role of artificial intelligence as a strategist in organizational decision-making by extending van den Steen's formal theory of strategy. A mathematical model is developed comparing AI and human strategists across different decision contexts, focusing on how each type...