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Uncertainty in Strategic Decision Making: Analysis, Categorization, Causation and Resolution
Hardcover
ISBN13: 9783031485527
Publisher: Palgrave Macmillan
Published: Jan 4 2024
Pages: 458
Weight: 1.59
Height: 1.06 Width: 5.83 Depth: 8.27
Language: English
Knight (1921) defines uncertainty as an informational market failure that, while being detrimental to most existing businesses, presents possible profitable opportunities for others. This book builds upon that classic work by providing an analysis of the alternative approaches to strategic decision-making under such uncertainty. It covers what uncertainty is, why it is important, and what connections it has to business and related fields, culminating in a new and comprehensive typology and a valuable guide for how to appropriately address various types of uncertainties, even under AI.
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