Existing approaches (DC, SM, and GD) to managing IA and evolutionary sensemaking as managerial metacognitive dynamic capability (MDC)
| Dynamic capabilities (DC) | Sensemaking (SM) | Evolutionary theory – generalized darwinism (GD) | Evolutionary sensemaking as managerial dynamic capability (MDC) | |
|---|---|---|---|---|
| Level of analysis | Organizational, individual (managerial dynamic capabilities) | Mainly individual | Mainly organizational | Individual (with focus on the manager-external stakeholder relationship) |
| Basic model | Sensing and seizing opportunities, and transforming assets | Evolutionary shifts, enactment, selection, retention | Variation, selection, retention; replication and interaction | Sensing (information quality preference) variations, seizing interpretations, and transforming for selection and retention (complexity alignment) |
| Cognitive microfoundations | Perception, attention, problem-solving, reasoning, language, communication, and social cognition | Various cognitive processes underlying enactment (bracketing, labeling), selection (cognitive complexity dimensions), and retention (plausibility) | Mental schemata | Cognitive processes underlying DCs, sensemaking, and evolutionary theory stated here in the three adjacent boxes on the left |
| Current research gaps related to information asymmetry (genesis and reduction) | Emphasis on opportunism reduction Inadequate attention to complexity as a source of IA | Inadequate attention to sources of information asymmetry complexity | Inadequate attention to microprocessual foundations of information asymmetry | Bridging the gaps in the existing literature Complexity (instead of opportunism) as a source of IA Complexity is embedded in information quality preference interpretations Evolutionary sensemaking MDC and underlying cognitive processes as information asymmetry microfoundation |
| Selected references | Helfat and Peteraf (2015), Heubeck (2023), Teece et al. (1997), Hodgkinson and Healey (2011), Leemann and Kanbach (2022) | Cristofaro (2022), Maitlis and Christianson (2014), Weick (1995), Weick et al. (2005) | Hodgson (2013), Sarta et al. (2021) | Cristofaro (2020), Sheng (2017) |
| Dynamic capabilities (DC) | Sensemaking (SM) | Evolutionary theory – generalized darwinism (GD) | Evolutionary sensemaking as managerial dynamic capability (MDC) | |
|---|---|---|---|---|
| Level of analysis | Organizational, individual (managerial dynamic capabilities) | Mainly individual | Mainly organizational | Individual (with focus on the manager-external stakeholder relationship) |
| Basic model | Sensing and seizing opportunities, and transforming assets | Evolutionary shifts, enactment, selection, retention | Variation, selection, retention; replication and interaction | Sensing (information quality preference) variations, seizing interpretations, and transforming for selection and retention (complexity alignment) |
| Cognitive microfoundations | Perception, attention, problem-solving, reasoning, language, communication, and social cognition | Various cognitive processes underlying enactment (bracketing, labeling), selection (cognitive complexity dimensions), and retention (plausibility) | Mental schemata | Cognitive processes underlying DCs, sensemaking, and evolutionary theory stated here in the three adjacent boxes on the left |
| Current research gaps related to information asymmetry (genesis and reduction) | Emphasis on opportunism reduction | Inadequate attention to sources of information asymmetry complexity | Inadequate attention to microprocessual foundations of information asymmetry | Bridging the gaps in the existing literature |
| Selected references |
Source(s): Own elaboration
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