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Strategic assets and organizational rent
We build on an emerging strategy literature that views the firm as a bundle of resources and capabilities, and examine conditions that contribute to the realization of sustainable economic rents.Expand
Scenario Planning: A Tool for Strategic Thinking
Among the many tools a manager can use for strategic planning, scenario planning stands out for its ability to capture a whole range of possibilities in rich detail. By identifying basic trends andExpand
This paper examines the multiple scenario approach as an important corporate innovation in strategic planning using a participant/observer perspective and examines such organizational aspects as the need for diversity of views and the importance of simplicity and manageability. Expand
When and how to use scenario planning: A heuristic approach with illustration
This paper offers a step-by-step analysis of a heuristic approach to scenario planning, taking a managerial perspective, to identify relevant trends and uncertainties, and blend them into scenarios that are internally consistent. Expand
Probability Versus Certainty Equivalence Methods in Utility Measurement: Are they Equivalent?
Certainty equivalence CE and probability equivalence PE methods are the two most frequently used procedures for constructing von Neumann-Morgenstern utility functions. In this paper, we compare theseExpand
Avoiding the Pitfalls of Emerging Technologies
Despite their superior resources, incumbents have a poor track record in developing and managing emerging technologies. Established firms are prone to delay participation and stick with the familiarExpand
Decision traps : ten barriers to brilliant decision-making and how to overcome them
Two experts in business management show how to avoid the ten common pitfalls that ensanre decision makers. The very latest research in the fields of business and psychology has been distilled intoExpand
Strategic leadership: the essential skills.
The authors have found that strength in one skill cannot easily compensate for a deficit in another, and an adaptive strategic leader has learned to apply all six at once. Expand
Experiments on Decisions under Risk: The Expected Utility Hypothesis
In this valuable book, Paul Schoemaker summarizes recent experimental and field research that he and others have undertaken regarding the descrip tive validity of expected utility theory as a modelExpand