Managing in Dynamic, Complex and Unpredictable Business Contexts

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Abstrakt

The environmental exposures to humankind have increased in number and intensity over past decades introducing the possibility of extreme incidents with irreversible impacts on business and society. The global integration of business and cross-border financial flows supported by digital technology increase the complexity and uncertainty of the business environment. In this context, the behaviors of individual players are interdependent with potentially nonlinear and unpredictable outcomes ascribed to complex wicked problems. As a consequence, organizational decision-makers may pursue false objectives from misinformed causation where stringent score-card controls will exacerbate the problems. The resolution to wicked problems requires cross-functional and collective interactions supported by a collaborative corporate mindset. The conventional control-based management practices fall short in dealing with disruptive developments where value-based stakeholder collaboration can provide resilient responses to unexpected abrupt events.
OriginalsprogEngelsk
TitelAdapting to Environmental Challenges : New Research in Strategy and International Business
RedaktørerTorben Juul Andersen, Simon Sunn Torp
Antal sider17
Udgivelses stedBingley
ForlagEmerald Group Publishing
Publikationsdato2020
Sider1-17
Kapitel1
ISBN (Trykt)9781839824777
ISBN (Elektronisk)9781839824760, 9781839824784
DOI
StatusUdgivet - 2020
Navn Emerald Studies in Global Strategic Responsiveness

Emneord

  • Ambidexterity
  • Business continuity planning
  • Insurance
  • Resilience
  • Uncertainty
  • Wicked problems

Citationsformater

Andersen, T. J. (2020). Managing in Dynamic, Complex and Unpredictable Business Contexts. I T. J. Andersen, & S. S. Torp (red.), Adapting to Environmental Challenges: New Research in Strategy and International Business (s. 1-17). Emerald Group Publishing. Emerald Studies in Global Strategic Responsiveness https://doi.org/10.1108/978-1-83982-476-020200001