期刊名称：International Journal of Management and Economics
电子版ISSN：2299-9701
出版年度：2014
卷号：44
期号：1
页码：7-38
DOI：10.1515/ijme-2015-0007
语种：English
出版社：Walter de Gruyter GmbH
摘要：Economics-based models of firms typically overlook management acts and capability development. We propose a model that analyzes the aggregate behavior of a population of firms resulting from both specific management decisions and learning processes, that induce changes in companies’ capabilities. Decisions are made under imperfect information and bounded rationality, and managers may sacrifice short-term performance in exchange for qualitative outcomes that affect their firm’s future potential. The proposed model provides a structured setting in which these issues -often discussed only informally- can be systematically analyzed through simulation, producing a variety of hard-to-anticipate emergent behaviors. Economic performance is quite sensitive to managers’ estimates of their firms’ capabilities, and companies willing to sacrifice short-run results for future potential appear to be more stable than the rest. Also, bounded rationality can produce chaotic dynamics reminiscent of real life situations.
关键词：Capability building vs. economic performance ; imperfect information ; learning ; bounded rationality
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