"Will it help me sell more shoes?" - This response by the owner of a shoe factory when asked by a leader in Information Technology about acquiring a new IT device touches upon one of the most important points about IT and companies: should an organization invest in IT? If your answer is "yes",...

Diese Arbeit wurde mit dem Ernst-Zander-Preis 2005 der Ruhr-Universität Bochum ausgezeichnet. Das Supply Chain Design als strategisches Supply Chain Management beinhaltet als wesentlichen Aspekt die Konfiguration der Supply Chain. Dabei sind die über eine Preisminimierung hinausgehenden...

Pestizide ermöglichen der Landwirtschaft gesteigerte Erträge, sie bergen jedoch auch Risiken für die menschliche Gesundheit und die Umwelt. Um diese Risiken zu begrenzen, müssen sie in einem Risikobewertungsverfahren ihre Sicherheit nachweisen, bevor sie zugelassen werden können. Die...

The recent literature on individual and group choices over risk has led to different results. In some studies under unanimity, groups were found to be less risk averse than individuals, while those under majority did not highlight significant differences. However, both the types of studies...

The dna of problems and problem solvers -- 4 basic tools of problem solving -- A structured approach to problem solving -- Define, describe and appraise the problem -- Investigate, organize and analyze the data -- Formulate and test a causal theory -- Choose the most probable cause -- Develop,...

"This book provides an overview about complexity theory, management control systems and value creation, as well as strategic issues in complex firms. It covers specific items of management control, and especially managing economic value and strategic planning in complex firms. It presents a...

"Digital Darwinism takes an exhilarating look at disruptive thinking to inspire those who want to be the best at digital transformation. Change across business is accelerating, but the lifespan of companies is decreasing. Life is more unpredictable than ever and leaders are facing a growing...

Cheap changes everything -- The magic of prediction -- Why it's called intelligence -- Data is the new oil -- The new division of labor -- Unpacking decisions -- The value of judgment -- Taming complexity -- What machines can learn -- Fully automated decision-making -- Deconstructing workflows...

This paper examines the effect of peers on individual risk taking. In the absence of informational motives, we investigate why social utility concerns may drive peer effects. We test for two main channels: utility from payoff differences and from conforming to the peer. We show experimentally...

Climate policies have stochastic consequences that involve a great number of generations. This calls for evaluating social risk (what kind of societies will future people be born into) rather than individual risk (what will happen to people during their own lifetimes). As a response we propose...

Climate policies have stochastic consequences that involve a great number of generations. This calls for evaluating social risk (what kind of societies will future people be born into) rather than individual risk (what will happen to people during their own lifetimes). As a response we propose...