The Technology of Foolishness

March, Jennifer R.

doi:10.4324/9781315161921-6

Cited by 37 publications

(39 citation statements)

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“…For him, crafting strategy is a continuous and adaptive process, with formulation and implementation inextricably entangled. So, strategy is discovered in action (March, 1976), coupled with a "bottom-up" approach. The key is to stay close to operation and accumulate knowledge about the demanding factors of both internal and external operating environment.…”

Section: The Processual Approachesmentioning

confidence: 99%

Strategic analysis of large local construction companies in China

Kang¹

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Chapter 2 Literature Review …………………………………………10 2.1 Overview of the Schools of Thoughts in Strategy ………………………10 2.2 Strategy Theories in the Construction Context …………………………18 2.3 Literature related to the Chinese Construction Industry ……………….22 2.4 Theoretical Foundations for Building a Conceptual Model Tailored for the Chinese Construction Industry ………….……………………….25

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Section: The Processual Approachesmentioning

confidence: 99%

Strategic analysis of large local construction companies in China

Kang¹

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“…It is not possible to resolve these theoretical dilemmas here. What we can hypothesize is the existence of illicit opportunities, or islands of illegality, in which business can make its occasional, intermittent, or constant forays (March, 1990). It might be suggested that islands of illegality host experimental practices which, legitimately or otherwise, allow companies to make quick profits and gain an advantage on competitors.…”

Section: Efficiencymentioning

confidence: 99%

Hypotheses on the causes of financial crime

Ruggiero

2019

JFC

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Purpose The purpose of this paper is to examine the aftermath of the 2006-07 financial crisis and attempts to identify a range of causes that were responsible for it and are likely to trigger similar events in the future. The analytical tradition established by the study of white-collar crime provides the background for such an examination, which avails itself of some conceptualisations derived from classical economic thought. Design/methodology/approach Explanations of financial crime can resort to general theories based on allegedly universal values. They can posit the existence of criminaloids, namely, individuals who indulge in illegal practices, or ‘honest fraud’, while not deeming themselves culpable. Anomie and control theory in criminology have highlighted how the causes of financial crime are associated with general criminogenic contexts or with individual propensities or mindsets. This paper adds to the existing perspectives a number of variables that can provide a more nuanced picture of financial crimes. Findings This paper attempts to identify a range of discrete variables that can be termed interstitial in the sense that they can accompany a variety of theoretical hypotheses, locate themselves in the space left in between the different approaches while providing supplementary analytical foci. Ignorance, entitlement, reverse Keynesianism, recklessness, efficiency and the finance curse may offer additional angles from which the causation of financial crime can be observed. Sociological and criminological arguments, in this paper, are interspersed with notions derived from classical economics. Originality/value The originality of this contribution is to be found in its use of different theoretical traditions, establishing a dialogue between social theory, criminology and economic thought.

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“…Throughout continuous learning, changes in the environment necessitate that the individual/firm change and be willing to learn new and appropriate methods to rapidly respond to mutations [3]. What we know about effectuation is largely based on the solving problems methods [12], mentioned by uncertainty of Knight [13], the enactment of Weick [14], and the Marchian goal [15]. The entrepreneur launches the venture based on who he is, what he knows and whom he knows).…”

Section: Effectuation: An Overview Of the Concept's Evolutionmentioning

confidence: 99%

Internationalization of SMEs and Effectuation: The Way Back and Forward

Guili¹,

Ferhane²

2018

The 2nd Entrepreneurship and Family Enterprise Research International Conference

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Business growth is considered as one of the main topics of entrepreneurship research. Due to the increased interest on entrepreneurship, new theoretical perspectives have emerged to explain entrepreneurial behavior. One of these emergent theories is effectuation. It is widely known that entrepreneurs and owner-managers count on different decision-making logics during the internationalization of their ventures, including causal and effectual reasoning. Despite that the use of effectual reasoning has been generally linked to the early stages of the creation of a venture; it has recently been introduced to on the internationalization of SMEs research. Introduced by Sarasvathy (2001), effectuation logic is stated to grow in an unstable operating context where it is complicated to predict and in contrast, it is likely to unexpectedly respond to changes in the environment. Furthermore, it represents a typical shift in approaching entrepreneurship. In this theoretical paper, we first aim to highlight the evolution of the concept and the development of the effectuation theory within the literature. Furthermore, we explain the similarities and differences existing between causation and effectuation reasoning. Finally, we use the lens of effectuation to come up with an understanding of the internationalization of SMEs.

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The Technology of Foolishness

Cited by 37 publications

References 0 publications

Strategic analysis of large local construction companies in China

Strategic analysis of large local construction companies in China

Hypotheses on the causes of financial crime

Internationalization of SMEs and Effectuation: The Way Back and Forward

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