IDEAS home Printed from https://ideas.repec.org/p/sru/ssewps/2021-05.html
   My bibliography  Save this paper

A paradigm shift for decision-making in an era of deep and extended changes

Author

Listed:
  • Mauro Lombardi

    (University of Florence)

  • Simone Vannuccini

    (Science Policy Research Unit, University of Sussex Business School, University of Sussex)

Abstract

The complex interaction of contemporary techno- and socio-economic processes has set the stage for the emergence of a cyber-physical universe – the novel environment in which agents behave and interact. In this paper, we collect the different threads that lead to and characterize the cyber-physical world in a single analysis and outline a map of the complex dynamics at work in the new context. The resulting description is used to assess how decision-making should evolve in order to be able to address in a systemic manner the opportunities and challenges of the current era of deep and extended changes.

Suggested Citation

  • Mauro Lombardi & Simone Vannuccini, 2021. "A paradigm shift for decision-making in an era of deep and extended changes," SPRU Working Paper Series 2021-05, SPRU - Science Policy Research Unit, University of Sussex Business School.
    • Handle: RePEc:sru:ssewps:2021-05
    as

    Download full text from publisher

    File URL: https://www.sussex.ac.uk/business-school/documents/2021-05-lombardi-and-vannuccini.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. G. Silverberg, 2007. "Long Waves: Conceptual, Empirical and Modelling Issues," Chapters, in: Horst Hanusch & Andreas Pyka (ed.), Elgar Companion to Neo-Schumpeterian Economics, chapter 50, Edward Elgar Publishing.
    2. Ekaterina Prytkova & Simone Vannuccini, 2022. "On the basis of brain: neural-network-inspired changes in general-purpose chips," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 31(4), pages 1031-1055.
    3. Moshe Yonatany, 2017. "Platforms, ecosystems, and the internationalization of highly digitized organizations," Journal of Organization Design, Springer;Organizational Design Community, vol. 6(1), pages 1-5, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Mark Knell & Simone Vannuccini, 2022. "Tools and concepts for understanding disruptive technological change after Schumpeter," Jena Economics Research Papers 2022-005, Friedrich-Schiller-University Jena.

    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.
    1. Mark Knell & Simone Vannuccini, 2022. "Tools and concepts for understanding disruptive technological change after Schumpeter," Jena Economics Research Papers 2022-005, Friedrich-Schiller-University Jena.
    2. Ekaterina Prytkova, 2021. "ICT's Wide Web: a System-Level Analysis of ICT's Industrial Diffusion with Algorithmic Links," Jena Economics Research Papers 2021-005, Friedrich-Schiller-University Jena.
    3. Robert Guttmann, 2015. "The heterodox notion of structural crisis," Review of Keynesian Economics, Edward Elgar Publishing, vol. 3(2), pages 194-212, April.
    4. Sun Hi Yoo & DongKyu Won, 2018. "Simulation of Weak Signals of Nanotechnology Innovation in Complex System," Sustainability, MDPI, vol. 10(2), pages 1-14, February.
    5. Cantner, Uwe & Vannuccini, Simone, 2021. "Pervasive technologies and industrial linkages: Modeling acquired purposes," Structural Change and Economic Dynamics, Elsevier, vol. 56(C), pages 386-399.
    6. Iancu, Aurel, 2014. "Financial Instability, Cycles and the Role of Institutions," Working Papers of National Institute for Economic Research 141007, Institutul National de Cercetari Economice (INCE).
    7. Rong, Ke & Kang, Zhengyao & Williamson, Peter J., 2022. "Liability of ecosystem integration and internationalisation of digital firms," Journal of International Management, Elsevier, vol. 28(4).
    8. Jingtao Yi & Jinqiu He & Lihong Yang, 2019. "Platform heterogeneity, platform governance and complementors’ product performance: an empirical study of the mobile application industry," Frontiers of Business Research in China, Springer, vol. 13(1), pages 1-20, December.
    9. Konstantakis, Konstantinos N. & Michaelides, Panayotis G., 2017. "Does technology cause business cycles in the USA? A Schumpeter-inspired approach," Structural Change and Economic Dynamics, Elsevier, vol. 43(C), pages 15-26, December.
    10. Dosi, G. & Pereira, M.C. & Roventini, A. & Virgillito, M.E., 2022. "Technological paradigms, labour creation and destruction in a multi-sector agent-based model," Research Policy, Elsevier, vol. 51(10).
    11. Uwe Cantner & Simone Vannuccini, 2012. "A New View of General Purpose Technologies," Jena Economics Research Papers 2012-054, Friedrich-Schiller-University Jena.
    12. George Saridakis & Zaheer Khan & Gary Knight & Bochra Idris & Jay Mitra & Huda Khan, 2024. "A Look into the Future: The Impact of Metaverse on Traditional Theories and Thinking in International Business," Management International Review, Springer, vol. 64(4), pages 597-632, August.
    13. Ngalim, Siti Manisah & Ismail, Abdul Ghafar, 2015. "An Islamic Vision Development Based Indicators in Analysing the Islamic Banks Performance: Evidence from Malaysia, Indonesia and selected GCC Countries," Working Papers 1436-2, The Islamic Research and Teaching Institute (IRTI).
    14. Lijuan Yang, 2023. "Recommendations for metaverse governance based on technical standards," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-10, December.
    15. Fusari, Angelo & Reati, Angelo, 2013. "Endogenizing technical change: Uncertainty, profits, entrepreneurship. A long-term view of sectoral dynamics," Structural Change and Economic Dynamics, Elsevier, vol. 24(C), pages 76-100.
    16. Simone Vannuccini & Ekaterina Prytkova, 2021. "Artificial Intelligence’s New Clothes? From General Purpose Technology to Large Technical System," SPRU Working Paper Series 2021-02, SPRU - Science Policy Research Unit, University of Sussex Business School.
    17. Silverberg, Gerald, 2005. "When is a Wave a Wave? Long Waves as Empirical and Theoretical Constructs from a Complex Systems Perspective," Research Memorandum 014, Maastricht University, Maastricht Economic Research Institute on Innovation and Technology (MERIT).
    18. Evgeny Popov & Anna Veretennikova & Sergey Fedoreev, 2022. "The Model of OTC Securities Market Transformation in the Context of Asset Tokenization," Mathematics, MDPI, vol. 10(19), pages 1-16, September.
    19. Arindam Das, 2023. "Developing dynamic digital capabilities in micro-multinationals through platform ecosystems: Assessing the role of trust in algorithmic smart contracts," Journal of International Entrepreneurship, Springer, vol. 21(2), pages 157-179, June.

    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:sru:ssewps:2021-05. 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: University of Sussex Business School Communications Team (email available below). General contact details of provider: https://edirc.repec.org/data/spessuk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.