... description and their boundary conditions on solvers’ participation. This research investigates how seekers increase solvers’ participation by posting clarity in task description. Design/methodology/approach Grounded in uncertainty reduction theory, we posit that clarity in task description, encompassing...

... theoretically help clubs determine the subjective value of investing in a player to assess its potential economic advantage. Design/methodology/approach We build on a semi-investment-theoretical risk-value model and elaborate an approach that can be applied in imperfect markets under uncertainty...

... of a system that can benefit from uncertainty, rather than suffer from it. The paper expands the concept of inventory beyond that of risk mitigation and towards one of enabling antifragility. Design/methodology/approach The study employs analytical and simulation modelling of an inventory system with two...

.... They then describe a course on decision making as an illustration of how the model can inform decision making pedagogy. Findings Decision makers need to think of their decision problems in terms of two distinct types of uncertainty: those for which uncertainty can be quantified and those for which it cannot...

...) and the evolution of the context in which business actors form their judgments and choices (Look and Hinnen, 2015). The business actors' environment is increasingly characterized by change and uncertainty, despite the availability of larger amounts of data and more powerful computing tools. New technologies impact...

...Timo Ehrig; Konstantinos V. Katsikopoulos; Jürgen Jost; Gerd Gigerenzer Purpose This research explores how investment and central bankers cope with strategic uncertainty when they anticipate prices. The uncertainty originates from others' decisions and their consequences, and cannot...

... in the field of operational performance appraisal until now. Uncertainty Decision making Competitive advantage Efficiency Performance management Operations strategy In today’s challenging economic environment, operational excellence is a necessity for a successful company. Thus...

...John A. Parnell; Donald L. Lester; Zhang Long; Mehmet Ali Köseoglu Purpose This study aimed to examine the prospective role played by perceived environmental uncertainty in the strategy‐performance linkage among SMEs in China, Turkey, and the USA. Design/methodology/approach The strategic...

... we must first look into the concept of uncertainty since “the source of risk is uncertainty” (Peters, 1999). This derives from the fact that risk is a choice rather than a fate and occurs whenever there is one‐to‐many relations between a decision and possible future outcomes (see Figure 1...

...Patrick Kreiser; Louis Marino The concept of environmental uncertainty is recognized as a fundamental element of the strategic management and organizational theory literature. Unfortunately, the development of inconsistent conceptualizations and operationalizations of uncertainty have muddled...

...David Mercer This article addresses the question of what new planning paradigms are emerging to help take control of the future despite the many uncertainties which still remain. Also suggests that there are a number of quite different categories of uncertainty, which each demand different...

... of such models. The use of accounting in this manner is evaluated from an epochal postmodern stance. Issues raised by chaos theory and the uncertainty principle are used to demonstrate problems with the predictive ability of accounting models. The authors argue that any consideration of the predictive value...

...John A. Parnell; Donald L. Lester; Michael L. Menefee Much of the literature suggests that strategies are formulated in light of perceived environmental conditions and internal capabilities. This study supports the notion that strategy is formulated in part as a response to management uncertainties...

...Jak de Burgundy Argues that the assumptions which drive consultancy research are flawed, since they are based on the premiss that key management problems revolve around uncertainty when, in fact, management is ambiguous rather than uncertain. Analyses the effect of this understanding on management...

... lifecycle Regression analysis Uncertainty The context in which management is now carried out is changing rapidly;a number of American management thinkers have talked about companies living in “a turbulent environment”[ 1 ] and the phrase is being used more and more by Australian companies. What...

... are only“ballpark” figures which permit the planning function to commence. Frustration should not result from the inability to predict the future precisely. However, with a properly designed forecasting system,uncertainty is kept to a measurable minimum. For all its computer programs and statistical...