A central tenet of work in the Carnegie School tradition is the notion of “learning-by-doing”— organizations learn over time through feedback. In this paper we argue that the learning-by-doing account overlooks the fact that an organization's decision-making structure is often...

Organizational decision-making that leverages the collective wisdom and knowledge of multiple individuals is ubiquitous in management practice, occurring in settings such as top management teams, corporate boards, and the teams and groups that pervade modern organizations. Decision-making...

We take a microfoundational approach to understanding the origin of heterogeneity in firms’ capacity to adapt to technological change. We develop a computational model of individual-level learning in an organizational setting characterized by interdependence and ambiguity. The model leads to...