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How will digitalization influence the role of corporate headquarters (CHQs) and their relationships with their operating units? We recently asked 67 senior CHQ managers this question. The results suggest that CHQs expect to become more powerful and more involved in their operating units. These...
Persistent link: https://www.econbiz.de/10012217709
Communities of Practice (CoPs), it is argued, are loci for creativity, innovation and problem-solving. Instigating a … the relationship between a curatorial structure with high degrees of ambiguity and participant collaboration. The paper …
Persistent link: https://www.econbiz.de/10012217711
The question of how to deal with uncertainty in environmental decision-making is cur-rently attracting considerable … uncertainty becomes particularly apparent in the field of environmental policy because environmental prob-lems are regarded as … the challenge to develop scientific decision support methods that are capable of dealing with uncertainty in a systematic …
Persistent link: https://www.econbiz.de/10010304368
Making decisions under uncertainty is at the core of human decision-making, particularly economic decision-making. In … economics, a distinction is often made between quantifiable uncertainty (risk) and un-quantifiable uncertainty (Knight …, Uncertainty and Profit, 1921). However, this distinction is often ignored by, in effect, the quantification of unquantifiable …
Persistent link: https://www.econbiz.de/10011291850
economy, this paper suggests the two disciplines face a common problem when it comes to uncertainty. It is argued that … intervention, are as yet any nearer to providing robust solutions to the problems posed by Keynesian uncertainty. Under the … uncertainty follows, suggesting a future research agenda in this area of common interest to AI and economics. …
Persistent link: https://www.econbiz.de/10011443390
In the history of economic thought, Shackle was one of the representative critics about probability based economic … theory. Specifically, he constructed his own concept of subjective uncertainty called potential surprise to replace … probability. In 1980s, the potential surprise is axiomatized by Katzner as Kolmogorov-styled measure defined on the &#x1d70e …
Persistent link: https://www.econbiz.de/10014480721
graphing tools are used, such as, probability paper and different specifications of exponential functions representing … cumulative probability distributions. The argument is that traditional time-series analysis implies a given universe, usually … uncertainty (nonmeasureable risk) due to regime changes. The analogs show the investor how to determine when a regime change has …
Persistent link: https://www.econbiz.de/10010288058
generally guided by call-put option pricing models - which rely on an ergodic notion of probability that conforms to a normal … distribution function. This paper considers critiques of the above models, which include Keynes's Treatise on Probability (1921 … uncertainty." The methodological issues, as can be pointed out, are relevant in the context of policy issues and social …
Persistent link: https://www.econbiz.de/10012142965
This paper considers the design of macroeconomic policies in the face of uncertainty. In recent years, several … absent any uncertainty. …
Persistent link: https://www.econbiz.de/10010292205
two forms of ex-post decision making according to individual rationality: 1. ambiguity 2. uncertainty. An elaboration of …
Persistent link: https://www.econbiz.de/10010305467