eBook - ePub

Uncertainty in Strategic Decision Making

Name: Uncertainty in Strategic Decision Making
ISBN: 9783031485534

Analysis, Categorization, Causation and Resolution

Richard J. Arend,

English
ePUB (mobile friendly)
Available on iOS & Android

eBook - ePub

Uncertainty in Strategic Decision Making

Analysis, Categorization, Causation and Resolution

Richard J. Arend,

About this book

Knight (1921) defines uncertainty as an informational market failure that, while being detrimental to most existing businesses, presents possible profitable opportunities for others. This book builds upon that classic work by providing an analysis of the alternative approaches to strategic decision-making under such uncertainty. It covers what uncertainty is, why it is important, and what connections it has to business and related fields, culminating in a new and comprehensive typology and a valuable guide for how to appropriately address various types of uncertainties, even under AI.

It clarifies the current terminological and categorical confusion about 'unknowns' while complementing the mathematical, probability-based approaches that treat uncertainty as 'knowable' (i.e., as risk). It corrects the mistaken approaches that treat 'unknowables' as 'shapeable' or 'discoverable'. This book widens the perspective for viewing uncertainty, in terms of its impacts across humanity, byoffering a shrewder understanding of what roles uncertainties play in human activity. It will appeal to academics across business, economics, philosophy, and other disciplines looking for approaches to apply, test, and hone for dealing with decision-making under uncertainty.

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Yes, you can access Uncertainty in Strategic Decision Making by Richard J. Arend in PDF and/or ePUB format, as well as other popular books in Business & Business Strategy. We have over one million books available in our catalogue for you to explore.