Commentary on 'Procedural justice, strategic decision making and the knowledge economy' by W.C. Kim and R. Mauborgne

Article Abstract:

Strategic decision making is the key to developing competitive advantage, especially in a knowledge economy where creating and sharing knowledge are critical to firms' success. The process by which strategic decision making is executed is especially important, since it requires trust and commitment between and among the members of an organization. Procedural justice is found to affect the outcome of decision-making processes, as individuals who perceive strategic decision-making processes to be fair exhibit greater voluntary cooperation, knowledge sharing and commitment, while those who perceive them as unfair refuse to cooperate. The proposed theory called emotional and intellectual recognition explains why managers go beyond their duty to contribute to collective knowledge building.

Management Dynamics NEC, Decision-making, Decision making, Management techniques, Organizational behavior, Cooperativeness

---

Learning to time capacity expansions: a empirical analysis of the worldwide petrochemical industry, 1975-95

Article Abstract:

The authors propose two theories about learning to time capacity expansions in the petrochemical industry: primarily to maintain market share.

Capacity

---

Corporate governance, investment bandwagons and overcapacity: an analysis of the worldwide petrochemical industry, 1975-95

Article Abstract:

The authors find that a bank-based system of corporate governance is preferable to a market-based system in controlling overinvestment.

Management dynamics, Management, History, Corporate governance, Company business management

Similar abstracts:

• Abstracts: Consensus and accuracy in accounting studies of decision-making: a note on a new measure of consensus. Expertise in auditing: myth or reality?
• Abstracts: On the measurement of corporate diversification strategy: evidence form large U.S. service firms. Information asymmetries: a source of competitive advantage for diversified service firms
• Abstracts: Do markets overreact: international evidence. Foreign acquisitions in the United States: effect on shareholder wealth of foreign acquiring firms
• Abstracts: A process for determining an ATM pricing strategy. Who wins in consumer lending - and why? The bittersweet future of loan securitization
• Abstracts: Video commentary: Defending the indefensible. Video pros tackle war, terror jitters

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.