The DOI matches its Crossref record; 5 of the 5 references it cites were found in a registry or an index.
What to do next? The case for non‐predictive strategy
Abstract
Two prescriptions dominate the topic of what firms should do next in uncertain situations: planning approaches and adaptive approaches. These differ primarily on the appropriate role of prediction in the decision process. Prediction is a central issue in strategy making owing to the presumption that what can be predicted can be controlled. In this paper we argue for the independence of prediction and control. This implies that the pursuit of successful outcomes can occur through control‐oriented approaches that may essentially be non‐predictive. We further develop and highlight control‐oriented approaches with particular emphasis on the question of what organizations should do next. We also explore how these approaches may impact the costs and risks of firm strategies as well as the firm's continual efforts to innovate. Copyright © 2006 John Wiley & Sons, Ltd.
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Cites
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Cited by
Dew, N., Read, S., Sarasvathy, S. D., & Wiltbank, R. (2009) · Journal of Business Venturing · doi:10.1016/j.jbusvent.2008.02.002 · Cited by 829
Self-citationActor engagement as a microfoundation for value co-creation
Storbacka, K., Brodie, R. J., Böhmann, T., Maglio, P. P., & Nenonen, S. (2016) · Journal of Business Research · doi:10.1016/j.jbusres.2016.02.034 · Cited by 770
Prediction- and Control-Based Strategies in Entrepreneurship: The Role of Information
Kuechle, G., Boulu-Reshef, B., & Carr, S. (2016) · HAL (Le Centre pour la Communication Scientifique Directe) · doi:10.1002/sej · Cited by 513
A meta-analytic review of effectuation and venture performance
Read, S., Song, M., & Smit, W. (2009) · Journal of Business Venturing · doi:10.1016/j.jbusvent.2008.02.005 · Cited by 472
Self-citationReymen, I. M. M. J., Andries, P., Berends, H., Mauer, R., Stephan, U., & van Burg, E. (2015) · Strategic Entrepreneurship Journal · doi:10.1002/sej.1201 · Cited by 419
Metadata
- Authors
- Wiltbank, R., Dew, N., Read, S., & Sarasvathy, S. D.
- Venue
- Strategic Management Journal
- Publisher
- Wiley
- Published
- 2006-07-31
- Volume
- 27
- Issue
- 10
- Pages
- 981-998
- ISSN
- 0143-2095 (ISSN-L)
- 1097-0266
- OpenAlex
- W2163716318
- Cited by
- 725
- References
- 5
- FWCI
- 42.40
- Type
- journal article
- Language
- en
- Open access
- closed
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