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Framing Strategic Decisions in the Digital World

Author

Listed:
  • Arnaldo Camuffo
  • Alfonso Gambardella
  • Andrea Pignataro

Abstract

This paper develops a conceptual framework to analyze the impact of digitalization on firms. Algorithms release cognitive resources of decision-makers who can focus on low-frequency/high-impact strategic decisions, such as innovation decisions, M&As, capital structure, and the acquisition of talent. In a digital world, different ability to frame firm strategies represents a key source of competitive advantage: by adopting a scientific approach to decision-making firms can embrace rather than escape uncertainty and rely on owners as strategists. We show that the growth of knowledge (Δ K) becomes the ultimate purpose of the firm, from which other purposes descend. We analyze some applications of the framework and conclude by suggesting a research agenda.

Suggested Citation

  • Arnaldo Camuffo & Alfonso Gambardella & Andrea Pignataro, 2023. "Framing Strategic Decisions in the Digital World," Strategic Management Review, now publishers, vol. 4(2), pages 127-160, June.
    • Handle: RePEc:now:jnlsmr:111.00000055
    DOI: 10.1561/111.00000055
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    Cited by:

    1. Kristina McElheran & J. Frank Li & Erik Brynjolfsson & Zachary Kroff & Emin Dinlersoz & Lucia Foster & Nikolas Zolas, 2024. "AI adoption in America: Who, what, and where," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 33(2), pages 375-415, March.

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