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Model Building – A Circular Approach to Evaluate Multidimensional Patterns and Operationalized Procedures

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  • Franz HAAS

    (University of Latvia)

Abstract

Managers operate in highly different fields. Decision-making can be based on models reflecting in part these differences. The challenge is to connect the respective models without too great a disruption. A threefold procedural approach is proposed by chaining a scheme of modeling in a complex field to an operationalized model to statistical multivariate methods. Multivariate pattern-detecting methods offer the chance to evaluate patterns within the complex field partly. This step completes the cycle of research and improved models can be used in a further cycle.

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  • Franz HAAS, 2017. "Model Building – A Circular Approach to Evaluate Multidimensional Patterns and Operationalized Procedures," Expert Journal of Business and Management, Sprint Investify, vol. 5(2), pages 136-141.
    • Handle: RePEc:exp:bsness:v:5:y:2017:i:2:p:136-141
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    References listed on IDEAS

    as
    1. Thomas S. Bateman & Carl P. Zeithaml, 1989. "The psychological context of strategic decisions: A model and convergent experimental findings," Strategic Management Journal, Wiley Blackwell, vol. 10(1), pages 59-74, January.
    2. Franz HAAS, 2017. "Deciding the Entry Mode in Chinese Markets. Practices Managers Should Avoid Pursuing," Expert Journal of Business and Management, Sprint Investify, vol. 5(2), pages 68-73.
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    JEL classification:

    • M00 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General - - - General

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