The DOI matches its Crossref record; 134 of the 134 references it cites were found in a registry or an index.
Rationality, foolishness, and adaptive intelligence
Abstract
Technologies of model‐based rationality are the core technologies of strategic management, having largely replaced earlier technologies that placed greater reliance on traditional practice or on communication either with the stars or with the gods. The technologies used by organizations in their pursuit of intelligence can be imagined to change over time as a result of responding to the successes and failures associated with the technologies. Although technologies of rationality seem clearly to be effective instruments of exploitation in relatively simple situations and to derive their adaptive advantage from those capabilities, their ventures in more complex explorations seem often to lead to huge mistakes and thus unlikely to be sustained by adaptive processes. Whether their survival as instruments of exploratory novelty in complex situations is desirable is a difficult question to answer, but it seems likely that any such survival may require hitchhiking on their successes in simpler worlds. Survival may also be served by the heroism of fools and the blindness of true believers. Their imperviousness to feedback is both the despair of adaptive intelligence and, conceivably, its salvation. Copyright © 2006 John Wiley & Sons, Ltd.
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Cited by
Teece, D. J. (2007) · Strategic Management Journal · doi:10.1002/smj.640 · Cited by 16,825
The Interplay Between Exploration and Exploitation
Gupta, A. K., Smith, K. G., & Shalley, C. E. (2006) · Academy of Management Journal · doi:10.5465/amj.2006.22083026 · Cited by 3,226
Technological capability, strategic flexibility, and product innovation
Zhou, K. Z., & Wu, F. (2010) · Strategic Management Journal · doi:10.1002/smj.830 · Cited by 1,362
The Effects of Slack Resources and Environmentalthreat on Product Exploration and Exploitation
Voss, G. B., Sirdeshmukh, D., & Voss, Z. G. (2008) · Academy of Management Journal · doi:10.5465/amj.2008.30767373 · Cited by 890
Now, let's make it really complex (complicated): A systematic review of the complexities of projects
Geraldi, J., Maylor, H., & Williams, T. (2011) · International Journal of Operations & Production Management · doi:10.1108/01443571111165848 · Cited by 559
Metadata
- Authors
- March, J. G.
- Venue
- Strategic Management Journal
- Publisher
- Wiley
- Published
- 2006-01-27
- Volume
- 27
- Issue
- 3
- Pages
- 201-214
- ISSN
- 0143-2095 (ISSN-L)
- 1097-0266
- OpenAlex
- W2033070529
- Cited by
- 663
- References
- 134
- FWCI
- 48.68
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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