A Simple Rule is Born: How CEOs Distill Heuristics
Author
Abstract
Suggested Citation
DOI: 10.1111/joms.12808
Download full text from publisher
References listed on IDEAS
- Giovanni Gavetti & Daniel A. Levinthal & Jan W. Rivkin, 2005. "Strategy making in novel and complex worlds: the power of analogy," Strategic Management Journal, Wiley Blackwell, vol. 26(8), pages 691-712, August.
- Thomas Åstebro & Samir Elhedhli, 2006.
"The Effectiveness of Simple Decision Heuristics: Forecasting Commercial Success for Early-Stage Ventures,"
Management Science, INFORMS, vol. 52(3), pages 395-409, March.
- Thomas Astebro & Samir Elhedhli, 2006. "The effectiveness of simple decision heuristics : Forecasting commercial success for early-stage ventures," Post-Print hal-00476866, HAL.
- Victor DeMiguel & Lorenzo Garlappi & Raman Uppal, 2009. "Optimal Versus Naive Diversification: How Inefficient is the 1-N Portfolio Strategy?," The Review of Financial Studies, Society for Financial Studies, vol. 22(5), pages 1915-1953, May.
- Fernando F. Suarez & Juan S. Montes, 2019. "An Integrative Perspective of Organizational Responses: Routines, Heuristics, and Improvisations in a Mount Everest Expedition," Organization Science, INFORMS, vol. 30(3), pages 573-599, May.
- Joep P. Cornelissen & Jean S. Clarke, 2010. "Imagining and rationalizing opportunities : Inductive reasoning and the creation and justification of new ventures," Post-Print hal-02276730, HAL.
- Konstantinos V. Katsikopoulos, 2011. "Psychological Heuristics for Making Inferences: Definition, Performance, and the Emerging Theory and Practice," Decision Analysis, INFORMS, vol. 8(1), pages 10-29, March.
- Basel, Jörn S. & Brühl, Rolf, 2013. "Rationality and dual process models of reasoning in managerial cognition and decision making," European Management Journal, Elsevier, vol. 31(6), pages 745-754.
- Loock, Moritz & Hinnen, Gieri, 2015. "Heuristics in organizations: A review and a research agenda," Journal of Business Research, Elsevier, vol. 68(9), pages 2027-2036.
- Joep P. Cornelissen & Jean S. Clarke, 2010. "Imagining and rationalizing opportunities : Inductive reasoning and the creation and justification of new ventures," Post-Print hal-02312342, HAL.
- Nora Meziani & Laure Cabantous, 2020. "Acting Intuition into Sense: How Film Crews Make Sense with Embodied Ways of Knowing," Journal of Management Studies, Wiley Blackwell, vol. 57(7), pages 1384-1419, November.
- Stanley G. Harris, 1994. "Organizational Culture and Individual Sensemaking: A Schema-Based Perspective," Organization Science, INFORMS, vol. 5(3), pages 309-321, August.
- Manimala, Mathew J., 1992. "Entrepreneurial heuristics: A comparison between high PL (pioneering-innovative) and low PI ventures," Journal of Business Venturing, Elsevier, vol. 7(6), pages 477-504, November.
- Elizabeth Maitland & André Sammartino, 2015. "Decision making and uncertainty: The role of heuristics and experience in assessing a politically hazardous environment," Strategic Management Journal, Wiley Blackwell, vol. 36(10), pages 1554-1578, October.
- Karl E. Weick & Kathleen M. Sutcliffe & David Obstfeld, 2005. "Organizing and the Process of Sensemaking," Organization Science, INFORMS, vol. 16(4), pages 409-421, August.
- Christopher Wickert & Corinne Post & Jonathan P. Doh & John E. Prescott & Andrea Prencipe, 2021. "Management Research that Makes a Difference: Broadening the Meaning of Impact," Journal of Management Studies, Wiley Blackwell, vol. 58(2), pages 297-320, March.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Gerard P. Hodgkinson & Barbara Burkhard & Nicolai J. Foss & Dietmar Grichnik & Riikka M. Sarala & Yi Tang & Marc Van Essen, 2023. "The Heuristics and Biases of Top Managers: Past, Present, and Future," Journal of Management Studies, Wiley Blackwell, vol. 60(5), pages 1033-1063, July.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Guercini, Simone & Milanesi, Matilde, 2020. "Heuristics in international business: A systematic literature review and directions for future research," Journal of International Management, Elsevier, vol. 26(4).
- Ivanova-Gongne, Maria & Törnroos, Jan-Åke, 2017. "Understanding cultural sensemaking of business interaction: A research model," Scandinavian Journal of Management, Elsevier, vol. 33(2), pages 102-112.
- David H. Hsu & Kwanghui Lim, 2014. "Knowledge Brokering and Organizational Innovation: Founder Imprinting Effects," Organization Science, INFORMS, vol. 25(4), pages 1134-1153, August.
- Mitchell, J. Robert & Israelsen, Trevor L. & Mitchell, Ronald K. & Lim, Dominic S.K., 2021. "Stakeholder identification as entrepreneurial action: The social process of stakeholder enrollment in new venture emergence," Journal of Business Venturing, Elsevier, vol. 36(6).
- Cristofaro, Matteo, 2020. "“I feel and think, therefore I am”: An Affect-Cognitive Theory of management decisions," European Management Journal, Elsevier, vol. 38(2), pages 344-355.
- David Johnson & Adam J. Bock, 2017. "Coping with uncertainty: entrepreneurial sensemaking in regenerative medicine venturing," The Journal of Technology Transfer, Springer, vol. 42(1), pages 33-58, February.
- Greg Fisher, 2024. "Resourcefulness Enactment: The Sensemaking Process Underpinning Resourceful Actions," Entrepreneurship Theory and Practice, , vol. 48(4), pages 911-940, July.
- Greg Fisher & Emily Neubert, 2023. "Evaluating Ventures Fast and Slow: Sensemaking, Intuition, and Deliberation in Entrepreneurial Resource Provision Decisions," Entrepreneurship Theory and Practice, , vol. 47(4), pages 1298-1326, July.
- Joep P. Cornelissen, 2012. "Sensemaking Under Pressure: The Influence of Professional Roles and Social Accountability on the Creation of Sense," Organization Science, INFORMS, vol. 23(1), pages 118-137, February.
- Shubha Patvardhan & J. Ramachandran, 2020. "Shaping the Future: Strategy Making as Artificial Evolution," Organization Science, INFORMS, vol. 31(3), pages 671-697, May.
- Natalia Vuori & Tomi Laamanen & Maurizio Zollo, 2023. "Capability Development in Infrequent Organizational Processes: Unveiling the Interplay of Heuristics and Causal Knowledge," Journal of Management Studies, Wiley Blackwell, vol. 60(5), pages 1341-1381, July.
- Manfred Auer & Gabriela Edlinger & Andreas Mölk, 2021. "How do Potential Applicants Make Sense of Employer Brands?," Schmalenbach Journal of Business Research, Springer, vol. 73(1), pages 47-73, March.
- Ronit Yitshaki & Fredric Kropp & Benson Honig, 2022. "The Role of Compassion in Shaping Social Entrepreneurs’ Prosocial Opportunity Recognition," Journal of Business Ethics, Springer, vol. 179(2), pages 617-647, August.
- Benson, David F. & Brau, James C. & Cicon, James & Ferris, Stephen P., 2015. "Strategically camouflaged corporate governance in IPOs: Entrepreneurial masking and impression management," Journal of Business Venturing, Elsevier, vol. 30(6), pages 839-864.
- Vern L. Glaser & Peer C. Fiss & Mark Thomas Kennedy, 2016. "Making Snowflakes Like Stocks: Stretching, Bending, and Positioning to Make Financial Market Analogies Work in Online Advertising," Organization Science, INFORMS, vol. 27(4), pages 1029-1048, August.
- Matthew P. Mount & Markus Baer & Matthew J. Lupoli, 2021. "Quantum leaps or baby steps? Expertise distance, construal level, and the propensity to invest in novel technological ideas," Strategic Management Journal, Wiley Blackwell, vol. 42(8), pages 1490-1515, August.
- Marian V. Jones & Lucrezia Casulli, 2014. "International Entrepreneurship: Exploring the Logic and Utility of Individual Experience through Comparative Reasoning Approaches," Entrepreneurship Theory and Practice, , vol. 38(1), pages 45-69, January.
- Gilbert-Saad, Antoine & Siedlok, Frank & McNaughton, Rod B., 2023. "Entrepreneurial heuristics: Making strategic decisions in highly uncertain environments," Technological Forecasting and Social Change, Elsevier, vol. 189(C).
- Andreas Ortmann & Leonidas Spiliopoulos, 2017.
"The beauty of simplicity? (Simple) heuristics and the opportunities yet to be realized,"
Chapters, in: Morris Altman (ed.), Handbook of Behavioural Economics and Smart Decision-Making, chapter 7, pages 119-136,
Edward Elgar Publishing.
- Andreas Ortmann & Leonidas Spiliopoulos, 2015. "The beauty of simplicity? (Simple) heuristics and the opportunities yet to be realized," Discussion Papers 2015-25, School of Economics, The University of New South Wales.
- Pawan V. Bhansing & Mark A. A. M. Leenders & Nachoem M. Wijnberg, 2016. "Selection system orientations as an explanation for the differences between dual leaders of the same organization in their perception of organizational performance," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 20(4), pages 907-933, December.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:jomstd:v:60:y:2023:i:5:p:1064-1104. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0022-2380 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.