On the Effectiveness of Minisum Approval Voting in an Open Strategy Setting: An Agent-Based Approach

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Tác giả: Stephan Leitner, Alexandra Rausch, Joop van de Heijning

Ngôn ngữ: eng

Ký hiệu phân loại: 003.56 Decision theory

Thông tin xuất bản: 2020

Mô tả vật lý:

Bộ sưu tập: Metadata

ID: 165174

 Comment: 5 pages, 3 figures

  added literature review section, expanded and strengthened introduction and conclusion, grammar and formattingThis work researches the impact of including a wider range of participants in the strategy-making process on the performance of organizations which operate in either moderately or highly complex environments. Agent-based simulation demonstrates that the increased number of ideas generated from larger and diverse crowds and subsequent preference aggregation lead to rapid discovery of higher peaks in the organization's performance landscape. However, this is not the case when the expansion in the number of participants is small. The results confirm the most frequently mentioned benefit in the Open Strategy literature: the discovery of better performing strategies.
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