Since 2014
Learning to Recognize and React to Disaster: The CI/Wargame Approach to Strategic Management
Advances in Business Research
View Archive Info| Field | Value | |
| Title |
Learning to Recognize and React to Disaster: The CI/Wargame Approach to Strategic Management
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| Creator |
Huffman, Brian; University of Wisconsin - River Falls
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| Subject |
Management
Strategy; disaster |
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| Description |
Business results are dominated by "Black Swans" (low-probability/high-impact events) both positive and negative. Black Swans cannot be predicted although they look predictable in retrospect. This paper focuses on the negative Black Swans, the disasters. Since disasters cannot be predicted, the ability to quickly recognize and react to them is the key. This paper recommends the processural strategic paradigm as the correct approach to strategic management in the face of the disaster. Specifically, it is recommended that top management improve their ability to recognized and react to disasters by playing wargames designed to incorporate what is learned via competitiive intelligence (CI). The wargame represent situations that could, but not necessarily will, happen; they are not intended to be accurate forecasts. This recommendation is called the "CI/Wargame Approach."
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| Publisher |
Tarleton State University and the University of Arkansas - Fort Smith
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| Contributor |
—
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| Date |
2010-12-13
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Articles Analysis; |
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| Format |
application/pdf
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| Identifier |
http://journals.sfu.ca/abr/index.php/abr/article/view/14
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| Source |
Advances in Business Research; Vol 1, No 1 (2010); 53-61
2641-5208 2153-6511 |
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| Language |
eng
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| Relation |
http://journals.sfu.ca/abr/index.php/abr/article/view/14/8
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| Rights |
Authors who publish with this journal agree to the following terms:Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).
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