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Business Strategy: Managing Uncertainty, Opportunity, and Enterprise

J.-C. Spender

Published in print:
2014
Published Online:
April 2014
ISBN:
9780199686544
eISBN:
9780191766442
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199686544.001.0001
Subject:
Business and Management, Strategy

Managers, strategy consultants, and strategy and entrepreneurship teachers will find this book’s new paradigm illuminating. In non-academic style the author takes off from the Knightian uncertainties ... More


Uncertainty, Ignorance, Surprise—The Endless Frontier

Yakov Ben-Haim

in The Dilemmas of Wonderland: Decisions in the Age of Innovation

Published in print:
2018
Published Online:
October 2018
ISBN:
9780198822233
eISBN:
9780191861246
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198822233.003.0003
Subject:
Business and Management, Innovation, Knowledge Management

Some things happen by chance. Chance has diverse interpretations, but probability theory is relevant if there is some regularity of events. Probability also has limitations, especially when ... More


Introduction

Yakov Ben-Haim

in The Dilemmas of Wonderland: Decisions in the Age of Innovation

Published in print:
2018
Published Online:
October 2018
ISBN:
9780198822233
eISBN:
9780191861246
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198822233.003.0001
Subject:
Business and Management, Innovation, Knowledge Management

Innovations provide new and purportedly better opportunities, but—because of their newness—they are often more uncertain and potentially worse than existing options. To use or not to use a new and ... More


Introduction to Strategic Work, Language, and Value

J.-C. Spender

in Business Strategy: Managing Uncertainty, Opportunity, and Enterprise

Published in print:
2014
Published Online:
April 2014
ISBN:
9780199686544
eISBN:
9780191766442
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199686544.003.0001
Subject:
Business and Management, Strategy

The book’s central idea is that entrepreneurs create economic value as they bring their judgment into engagement with the Knightian uncertainties that characterize the private sector business ... More


The Controllability Precautionary Principle: Justification of a Climate Policy Goal Under Uncertainty

Eugen Pissarskoi

in Climate Justice: Integrating Economics and Philosophy

Published in print:
2018
Published Online:
November 2018
ISBN:
9780198813248
eISBN:
9780191851230
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198813248.003.0011
Subject:
Economics and Finance, Public and Welfare, Development, Growth, and Environmental

How can we reasonably justify a climate policy goal if we accept that only possible consequences from climate change are known? Precautionary principles seem to offer promising guidelines for ... More


Alternative Preferences

Kerry E. Back

in Asset Pricing and Portfolio Choice Theory

Published in print:
2017
Published Online:
May 2017
ISBN:
9780190241148
eISBN:
9780190241179
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780190241148.003.0025
Subject:
Economics and Finance, Financial Economics

The Allais and Ellsberg paradoxes are presented. Various generalizations of expected utility motivated by these and other paradoxes are discussed, including betweenness preferences, rank‐dependent ... More


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