1997
DOI: 10.2307/249741
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Information Specificity and Environmental Scanning: An Economic Perspective

Abstract: This paper addresses two questions. First, how does an organization allocate its environmental scanning resources among all the potential sources of information in the environment? Second, how does an organization allocate responsibility for acquiring environmental information? Specifically, when does an organization choose to monitor an environmental source within its hierarchy, and when does it outsource the task? In the former case, when does the responsibility for acquiring information rest with the ultima… Show more

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Cited by 155 publications
(123 citation statements)
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“…By increasing the 'speed to wisdom', the strategic enactment potential is heightened. Practically, a business system can be helpful in turning wisdom into action, as long as the data is collected and recorded accurately, and can be extracted in a meaningful format (Choudhury and Sampler 1997;Davis and Olson 1985).…”
Section: Discussionmentioning
confidence: 99%
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“…By increasing the 'speed to wisdom', the strategic enactment potential is heightened. Practically, a business system can be helpful in turning wisdom into action, as long as the data is collected and recorded accurately, and can be extracted in a meaningful format (Choudhury and Sampler 1997;Davis and Olson 1985).…”
Section: Discussionmentioning
confidence: 99%
“…The frequency of scanning activities tends to increase with environmental uncertainty; however, it decreases when uncertainty is overwhelming, when absorptive capacity is exceeded (Choudhury and Sampler 1997;Cohen and Levinthal 1990), or when useful information is not accessible (Hough and White 2004;May et al 2000). Why?…”
Section: Types Of Scanningmentioning
confidence: 99%
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