Management Research

Management Research: A Heuristic on How to Select Whiskey

Hello everybody

As promised, I would like to share a situation where we applied the heuristics approach (System 1 thinking) to make a good decision. Moreover, System 2 thinking could not help us in this situation. The situation was a selection of a souvenir from Schotland - whiskey. Probably, some whiskey lovers would not agree with our approach but some would (and did when I talked to some business people during my seminar on heuristic decision-making in business).

I hope this approach will help you in your decision-making. Next week, I plan to explain the difference between individual and universal heuristics and how to become efficient and effective. 

Enjoy, comment (e.g. share your experience), share, and subscribe - it does matter!

 

Best

Eugene (Yevgen)

Management Research: Heuristics Examples

Hello, my dear friends, guests, and followers!

Today, I continue talking about the topic of heuristics. At the moment, we still remain at the individual level. But in a few episodes, we will move towards organisational heuristics. 

Today, I will provide you with some examples. Enjoy, apply, share, and subscribe - it does matter!

 

Faithfully

Eugene (Yevgen)

Management Research: Heuristics as a Necessary Evolutionary Mechanism

Hello dear listeners

Today, I talk again about heuristics. This time, however, we take the point of view of Gerd Gigerenzer - a big proponent of Systems 1 thinking. Professor Gigerenzer criticised the approach by Kahneman and Tversky and showed how to "make the bias disappear". 

Enjoy and apply this approach to make good/better decisions!

Best

Eugene (Yevgen)

Management Research: Heuristics as Biases

Hello everybody

 

In today's episode, I talk about the approach by Kahneman, Tversky and their followers. They approach System 1 thinking (i.e. heuristics) as biases. In all their research, they focus on how System 1 thinking does not allow System 2 thinking (i.e. analytic approach) to work properly. It is a prevalent approach and is dominating in the field of behavioural economics, behavioural finance, and strategic management. In the next episode, I will talk about the opposite approach. But for now, enjoy this short episode about heuristics as biases!

 

Faithfully

Eugene (Yevgen)

Management Research: Heuristics - Dual-process Theories

And welcome back to my podcast. I took a short vacation and did not post new episodes for some weeks. But today, I have started a new mini-series on heuristics. Heuristics are also called "mental shortcuts" in psychology and "rules of thumb" in management. Stay with me to learn more about this fascinating phenomenon!

Today we start with an overview of the theory (theories) behind heuristics. Enjoy, share, comment, and subscribe - it does matter!

 

Best

Eugene (Yevgen)

Management Research: Organisational Capabilities - Reflective Measurement

Hello after a long Holidays break!

Today, we finish our miniseries on organisational and dynamic capabilities by talking about the reflective way to measure a capability. This episode has been inspired by the paper by Cohen and Bacdayan, who proposed aspects of a routine that can be measured. And as any capability is a routine, they would perfectly apply.

Enjoy, comment, share, and subscribe - it does matter!

 

Best

Eugene (Yevgen) 

Management Research: Organisational Capabilities - Formative Measurement

Welcome to the next episode in our miniseries on organisational and dynamic capabilities!

Today, we talk about a formative approach to organisational capability. In a formative measurement, we measure the antecedents, i.e. elements that precede and jointly form a capability. It is important to measure all elements, as lacking even one of them may lead to a wrong estimation of the construct. 

I hope you enjoy this approach and share your ideas in the comments section in whatever app you are listening to this podcast.

 

Wish you all the best!

Eugene (Yevgen) 

Management Research: Organisational Capabilities - Structure of a Capability

Welcome to the next episode of my podcast!

Today we talk about how to measure a capability. Before we dive into the measurement topic, we need to understand the structure of a capability, e.g. what exactly we are going to measure. 

My approach is based on evolutionary logic: the notion by Teece (2007) to approach a dynamic capability using the sensing, seizing, and reconfiguration capacities holds for all other capabilities. Each organisational capability is triggered by something an, thus, requires sensing to notice this trigger. Then, a decision is made, i.e. the seizing capacity is engaged. Finally, the decision has to be implemented, or, put differently, a firm need to reconfigure its resources using its reconfiguration capacity. Would you agree with this logic? Leave your thought in the comments section below!

 

Best

Eugene (Yevgen)

 

PS. Errata: In the episode, I say that a dynamic capability belongs to the class of organisational capabilities and that is why the features of a DC are transferable to any other organisational capability. You have probably noticed the logical fallacy: the opposite is true - the features of the class are transferable to the sub-category. Yet, the overall statement holds - as any organisational capability underlies the evolutionary logic (at least according to some of the conceptualisation of organisational capabilities), the notion of stimulus-response will hold for DC too.

Management Research: Organisational Capabilities - Dynamism

Hello and welcome to the next episode of my podcast!

 

Today we talk about dynamism. If you ask someone (anyone) whether his or her industry is dynamic, he or she will tell you "yes". But is it really so? And how to distinguish between dynamic industries, where one needs a strong dynamic capability, and a moderately dynamic industry, where normal routine dynamics will suffice?

In this episode, we talk about three key variables defining the dynamism within your industry - frequency, magnitude, and irregularity of change. Enjoy, comment, share, and subscribe - it does matter!

 

Best

Eugene (Yevgen)

Management Research: Organisational Capabilities -Ambidexterity

Good evening everyone

 

I am a bit late today - as always research and teaching demand time ;) 

Today, I talk about ambidexterity - the ability of an organisation to perform exploitation and exploration activities simultaneously. Put differently, it is about whether an organisation with limited resources can earn money and shape new opportunities at the same time. I hope you enjoy this short show!

Meanwhile, feel free to comment, share this episode with your friends and colleagues, and subscribe to my show - it does matter!

Best

Eugene (Yevgen)