Responsive Dynamics as the Source of Organizational and Societal Advantage

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Abstract

Contemporary studies must address the challenges of responding to abrupt events in highly dynamic and complex environments. We argue that decision structures and information processing capabilities enhance the ability of organizations and societies to respond effectively to the changing conditions for durable advantages. Sustainable performance arguably derives from interactive decision-making processes that deal with opportunities as they emerge informed by updated environmental analytics. The combination of experiential insights from decentralized responses and forward-looking reasoning at the center identifies a dynamic adaptive system of interacting fast and slow processes. The fast information processing observes local environmental stimuli whereas the slow information processing interprets these events and reasons about future developments. When the fast and slow processes interact they form a dynamic system that allows an organization or society to adapt gradually to the turbulent conditions. We apply the model of fast-slow interactions in organizations and societies as the key driver of sustainable adaptation.
Original languageEnglish
Publication date2018
Number of pages7
Publication statusPublished - 2018
Event2018 MIT SDM Conference: Characterizing the Gap - MIT , Cambridge, United States
Duration: 30 Apr 20181 May 2018
Conference number: 1
https://sdm.mit.edu/2018-conference/

Conference

Conference2018 MIT SDM Conference
Number1
LocationMIT
CountryUnited States
CityCambridge
Period30/04/201801/05/2018
Internet address

Keywords

  • Adaptation
  • Collaborative learning
  • Dynamic systems
  • Fast and slow processes
  • Organizational culture
  • Strategic responsiveness

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