Uncertainty in Strategic Decision Making is popular PDF and ePub book, written by Richard J. Arend in 2024-01-03, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Uncertainty in Strategic Decision Making can be Read Online from any device for your convenience.
Uncertainty in Strategic Decision Making Book PDF Summary
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, by offering 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.
Detail Book of Uncertainty in Strategic Decision Making PDF
- Author : Richard J. Arend
- Release : 03 January 2024
- Publisher : Springer Nature
- ISBN : 9783031485534
- Genre : Business & Economics
- Total Page : 466 pages
- Language : English
- PDF File Size : 18,6 Mb
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