Purpose – The paper aims to propose a novel strategic approach, named a Scorecard‐Markov model, combining an evaluation scorecard and a hidden Markov model (HMM) for new product idea screening (NPIS) decisions. Design/methodology/approach – A scorecard is constructed to evaluate new...

Coastal zones are characterized by large concentrations of population, unique and vital ecosystems, and many industrial and other economic activities on land and at sea. The many and diverse activities result in different types of conflicts of use and access to resources in coastal areas. This...

In this paper I describe and analyze an economic situation involving two competitive organizations. I put forth the argument that because of the systemic nature of decision making relative to managing the requirements of utilizing a descriptive equation that determines how many people an...

This paper is about the relationship between management decisions and accounting information. Management decisions have consequences in different functional areas, departments, and different companies along the value chain. Accounting information regarding decisions aims to translate as many as...

Strategic management researchers are showing increasing interest in the question of why companies persist in questionable strategies. In this paper, two types of explanations for strategic persistence are discussed. Specific explanations from the economic and psychological perspectives are...