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Full-Text Articles in Business
Tackling The Monday-Morning Quarterback: Applications Of Hindsight Bias In Decision-Making Settings, Robert E. Sibley, T. Louie, M. Rajan
Tackling The Monday-Morning Quarterback: Applications Of Hindsight Bias In Decision-Making Settings, Robert E. Sibley, T. Louie, M. Rajan
Robert E. Sibley
The article examines applied aspects related to hindsight bias in decision-making environments. The author has provided a conceptual framework and a recent real-world examples to outline decision makers and those who observe them show hindsight effects. In addition, several strategies to reduce negative effects which occur when decision makers show hindsight distortion have also been presented..
Dynamic Co-Existence Of Company-Owned And Franchised Outlets Within A Company: A Framework Of The Franchisor's Perspective, Robert E. Sibley, B. Yoo
Dynamic Co-Existence Of Company-Owned And Franchised Outlets Within A Company: A Framework Of The Franchisor's Perspective, Robert E. Sibley, B. Yoo
Robert E. Sibley
Why and how do company-owned and franchised outlets simultaneously exist within the same organization? The purpose of this article is to integrate a variety of theories on this interesting retail phenomenon into a broader theoretical framework based on the political-economy paradigm. This paper attempts to integrate the perspectives of several theories that previously have been considered competing models of a single reality--the access-to-capital viewpoint, transaction cost analysis, the population ecology perspective, and power-dependence-conflict arguments--into a broader perspective that utilizes intra-firmfactors and the internal and external economies and polities of the political-economy paradigm. A model depicting this integration is set forth …