Agent-based strategizing:
Strategic management is a system of continual disequilibrium, with firms in a continual struggle for competitive advantage and relative fitness. Models that are dynamic in nature are required if we are to really understand the complex notion of sustainable competitive advantage. New tools are requir...
Saved in:
| Main Author: | |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Cambridge
Cambridge University Press
2019
|
| Series: | Cambridge elements. Elements in business strategy
|
| Subjects: | |
| Online Access: | BSB01 EUV01 UBG01 Volltext |
| Summary: | Strategic management is a system of continual disequilibrium, with firms in a continual struggle for competitive advantage and relative fitness. Models that are dynamic in nature are required if we are to really understand the complex notion of sustainable competitive advantage. New tools are required to tackle challenges of how firms should compete in environments characterized by both exogeneous shocks and intense endogenous competition. Agent-based modelling of firms' strategies offers an alternative analytical approach, where individual firm or component parts of a firm are modelled, each with their own strategy. Where traditional models can assume homogeneity of actors, agent-based models simulate each firm individually. This allows experimentation of strategic moves, which is particularly important where reactions to strategic moves are non-trivial. This Element introduces agent-based models and their use within management, reviews the influential NK suite of models, and offers an agenda for the development of agent-based models in strategic management |
| Physical Description: | 1 Online-Ressource (49 Seiten) |
| ISBN: | 9781108767835 |
| DOI: | 10.1017/9781108767835 |
Staff View
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| id | DE-604.BV046115402 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-10T08:35:41Z |
| institution | BVB |
| isbn | 9781108767835 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-031495917 |
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| physical | 1 Online-Ressource (49 Seiten) |
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| publisher | Cambridge University Press |
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| series2 | Cambridge elements. Elements in business strategy |
| spelling | Robertson, Duncan A. 1973- Verfasser (DE-588)1193291178 aut Agent-based strategizing Duncan A. Robertson Cambridge Cambridge University Press 2019 1 Online-Ressource (49 Seiten) txt rdacontent c rdamedia cr rdacarrier Cambridge elements. Elements in business strategy Strategic management is a system of continual disequilibrium, with firms in a continual struggle for competitive advantage and relative fitness. Models that are dynamic in nature are required if we are to really understand the complex notion of sustainable competitive advantage. New tools are required to tackle challenges of how firms should compete in environments characterized by both exogeneous shocks and intense endogenous competition. Agent-based modelling of firms' strategies offers an alternative analytical approach, where individual firm or component parts of a firm are modelled, each with their own strategy. Where traditional models can assume homogeneity of actors, agent-based models simulate each firm individually. This allows experimentation of strategic moves, which is particularly important where reactions to strategic moves are non-trivial. This Element introduces agent-based models and their use within management, reviews the influential NK suite of models, and offers an agenda for the development of agent-based models in strategic management Management / Simulation methods Strategic planning System theory Operations research Erscheint auch als Druck-Ausgabe 978-1-108-73801-9 https://doi.org/10.1017/9781108767835 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Robertson, Duncan A. 1973- Agent-based strategizing Management / Simulation methods Strategic planning System theory Operations research |
| title | Agent-based strategizing |
| title_auth | Agent-based strategizing |
| title_exact_search | Agent-based strategizing |
| title_full | Agent-based strategizing Duncan A. Robertson |
| title_fullStr | Agent-based strategizing Duncan A. Robertson |
| title_full_unstemmed | Agent-based strategizing Duncan A. Robertson |
| title_short | Agent-based strategizing |
| title_sort | agent based strategizing |
| topic | Management / Simulation methods Strategic planning System theory Operations research |
| topic_facet | Management / Simulation methods Strategic planning System theory Operations research |
| url | https://doi.org/10.1017/9781108767835 |
| work_keys_str_mv | AT robertsonduncana agentbasedstrategizing |