Responding to the Challenge of True Uncertainty

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Responding to the Challenge of True Uncertainty

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dc.contributor.author Hallin, Carina Antonia
dc.contributor.author Juul Andersen, Torben
dc.date.accessioned 2014-11-17T08:45:58Z
dc.date.available 2014-11-17T08:45:58Z
dc.date.issued 2014-11-17
dc.identifier.uri http://hdl.handle.net/10398/9019
dc.description.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. en_US
dc.format.extent 27 en_US
dc.language eng en_US
dc.subject.other Dynamic capabilities en_US
dc.subject.other Environmental sensing en_US
dc.subject.other Organizational adaptation en_US
dc.subject.other Stakeholders en_US
dc.subject.other Strategic issues en_US
dc.subject.other Uncertainty en_US
dc.title Responding to the Challenge of True Uncertainty en_US
dc.type cp en_US
dc.contributor.corporation Copenhagen Business School. CBS en_US
dc.contributor.department Institut for International Økonomi og Virksomhedsledelse en_US
dc.contributor.departmentshort INT en_US
dc.contributor.departmentuk Department of International Economics and Management en_US
dc.contributor.departmentukshort INT en_US
dc.description.notes Paper presented at SMS 34rd Annual International Conference, Madrid, 20-23 September 2014 en_US
dc.publisher.city Frederiksberg en_US
dc.publisher.year 2014 en_US
dc.title.subtitle Stakeholder Sensing and Predictions of Emergent Strategic Issues en_US


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