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.
Publication Name: Strategic Management Journal
Subject: Business
ISSN: 0143-2095
Year: 1998
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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.
Publication Name: Strategic Management Journal
Subject: Business
ISSN: 0143-2095
Year: 2003
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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.
Publication Name: Strategic Management Journal
Subject: Business
ISSN: 0143-2095
Year: 2003
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