Responding to the Challenge of True Uncertainty: Stakeholder Sensing and Predictions of Emergent Strategic Issues

    Research output: Contribution to conferencePaperResearchpeer-review

    Abstract

    We construe a conceptual framework for responding effectively to true uncertainty in the business environment. We drill down to the essential micro-foundational capabilities - sensing and seizing of dynamic capabilities - and link them to classical strategic issue management theory with suggestions on how to operationalize these essential capabilities. By definition true uncertainty represents environmental conditions that are hard to foresee, which can catch the unprepared by surprise while presenting opportunities to the conscious organization. We demonstrate that organizations relying on aggregation of stakeholder sensing and predictions of emergent strategic issues can positively influence the two capabilities and help the firm adapt in the face of uncertainty and unpredictability. Robust measures predicating performance based on information from key stakeholders involved in the firm’s core operations provide faster, more accurate, and updated insights about environmental developments identifying important strategic issues and solutions to them. This provides corporate decision-makers with a proactive tool in the quest for timely and effective strategic responses.
    Original languageEnglish
    Publication date2014
    Number of pages26
    Publication statusPublished - 2014
    EventStrategic Management Society 34th Annual International Conference. SMS 2014 - Madrid, Spain
    Duration: 20 Sep 201423 Sep 2014
    Conference number: 34
    http://madrid.strategicmanagement.net/

    Conference

    ConferenceStrategic Management Society 34th Annual International Conference. SMS 2014
    Number34
    CountrySpain
    CityMadrid
    Period20/09/201423/09/2014
    Internet address

    Cite this

    Hallin, C. A., & Andersen, T. J. (2014). Responding to the Challenge of True Uncertainty: Stakeholder Sensing and Predictions of Emergent Strategic Issues. Paper presented at Strategic Management Society 34th Annual International Conference. SMS 2014, Madrid, Spain.
    Hallin, Carina Antonia ; Andersen, Torben Juul. / Responding to the Challenge of True Uncertainty : Stakeholder Sensing and Predictions of Emergent Strategic Issues. Paper presented at Strategic Management Society 34th Annual International Conference. SMS 2014, Madrid, Spain.26 p.
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    abstract = "We construe a conceptual framework for responding effectively to true uncertainty in the business environment. We drill down to the essential micro-foundational capabilities - sensing and seizing of dynamic capabilities - and link them to classical strategic issue management theory with suggestions on how to operationalize these essential capabilities. By definition true uncertainty represents environmental conditions that are hard to foresee, which can catch the unprepared by surprise while presenting opportunities to the conscious organization. We demonstrate that organizations relying on aggregation of stakeholder sensing and predictions of emergent strategic issues can positively influence the two capabilities and help the firm adapt in the face of uncertainty and unpredictability. Robust measures predicating performance based on information from key stakeholders involved in the firm’s core operations provide faster, more accurate, and updated insights about environmental developments identifying important strategic issues and solutions to them. This provides corporate decision-makers with a proactive tool in the quest for timely and effective strategic responses.",
    keywords = "Dynamic capabilities, Environmental sensing, Organizational adaptation, Stakeholders, Strategic issues, Uncertainty",
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    Responding to the Challenge of True Uncertainty : Stakeholder Sensing and Predictions of Emergent Strategic Issues. / Hallin, Carina Antonia; Andersen, Torben Juul.

    2014. Paper presented at Strategic Management Society 34th Annual International Conference. SMS 2014, Madrid, Spain.

    Research output: Contribution to conferencePaperResearchpeer-review

    TY - CONF

    T1 - Responding to the Challenge of True Uncertainty

    T2 - Stakeholder Sensing and Predictions of Emergent Strategic Issues

    AU - Hallin, Carina Antonia

    AU - Andersen, Torben Juul

    PY - 2014

    Y1 - 2014

    N2 - We construe a conceptual framework for responding effectively to true uncertainty in the business environment. We drill down to the essential micro-foundational capabilities - sensing and seizing of dynamic capabilities - and link them to classical strategic issue management theory with suggestions on how to operationalize these essential capabilities. By definition true uncertainty represents environmental conditions that are hard to foresee, which can catch the unprepared by surprise while presenting opportunities to the conscious organization. We demonstrate that organizations relying on aggregation of stakeholder sensing and predictions of emergent strategic issues can positively influence the two capabilities and help the firm adapt in the face of uncertainty and unpredictability. Robust measures predicating performance based on information from key stakeholders involved in the firm’s core operations provide faster, more accurate, and updated insights about environmental developments identifying important strategic issues and solutions to them. This provides corporate decision-makers with a proactive tool in the quest for timely and effective strategic responses.

    AB - We construe a conceptual framework for responding effectively to true uncertainty in the business environment. We drill down to the essential micro-foundational capabilities - sensing and seizing of dynamic capabilities - and link them to classical strategic issue management theory with suggestions on how to operationalize these essential capabilities. By definition true uncertainty represents environmental conditions that are hard to foresee, which can catch the unprepared by surprise while presenting opportunities to the conscious organization. We demonstrate that organizations relying on aggregation of stakeholder sensing and predictions of emergent strategic issues can positively influence the two capabilities and help the firm adapt in the face of uncertainty and unpredictability. Robust measures predicating performance based on information from key stakeholders involved in the firm’s core operations provide faster, more accurate, and updated insights about environmental developments identifying important strategic issues and solutions to them. This provides corporate decision-makers with a proactive tool in the quest for timely and effective strategic responses.

    KW - Dynamic capabilities

    KW - Environmental sensing

    KW - Organizational adaptation

    KW - Stakeholders

    KW - Strategic issues

    KW - Uncertainty

    M3 - Paper

    ER -

    Hallin CA, Andersen TJ. Responding to the Challenge of True Uncertainty: Stakeholder Sensing and Predictions of Emergent Strategic Issues. 2014. Paper presented at Strategic Management Society 34th Annual International Conference. SMS 2014, Madrid, Spain.