We propose a partial theory explaining the processing of opportunities by individuals in organizations, specifically for opportunities with both commercial and moral significance (measured as intensities). The goal of such theorizing is to identify and analyze the range of interactions that the...

The existence of ambiguity presents a challenge to decision-makers as it eliminates the ability to apply standard optimization approaches, such as those based on calculating the objective expected values of alternative actions. In reality, ambiguity arises in most strategically important...

We provoke. In this conceptual piece, we challenge the value of two dominant models of the entrepreneurial process that have existed over the past two decades-the creativity school and the logic of effectuation. We point out their weaknesses and their unfulfilled promises, and we argue for the...

Chapter 1. Overview of this Book on Strategic Decision-Making under Uncertainty -- Chapter 2. Confusion over Uncertainty in Decision-Making -- Chapter 3. Definitions of Uncertainty (for Decision-Making) -- Chapter 4. Sources of Uncertainty (in Decision-Making) -- Chapter 5. Span of Effects of...