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Full-Text Articles in Business
How To Distinguish Smart Big Moves From Stupid Ones, Paul Strebel, Anne-Valerie Ohlsson-Corboz
How To Distinguish Smart Big Moves From Stupid Ones, Paul Strebel, Anne-Valerie Ohlsson-Corboz
Research Collection Lee Kong Chian School Of Business
When top executives undertake big moves – dramatic shifts in strategic direction – their decisions can make or break a company. This paper aims to offer a methodology for cutting the risks of making a catastrophic misstep. To avoid a corporate disaster and increase the chances of a smart and ultimately successful big move the paper raises six critical questions that must be answered honestly and unequivocally by managers. The research indicates that there are five classic types of big move, each corresponding to a different position on the corporate performance curve: finding a new game; going for growth; getting …
Managing Project Uncertainty: From Variation To Chaos, Arnoud De Meyer, Christoph H. Loch, Michael T. Pich
Managing Project Uncertainty: From Variation To Chaos, Arnoud De Meyer, Christoph H. Loch, Michael T. Pich
Research Collection Lee Kong Chian School Of Business
The article cites a study finding that accurately gauging the degree of uncertainty inherent in the projects can help project managers quickly adapt to it. Researchers studied 16 projects in areas including personal-computer development, telecommunications, Internet startups, pharmaceutical development, iron-ore processing, airship development, and building construction, to examine risk management and project outcomes. They found that most managers failed to recognize that there are different types of uncertainty, each requiring a different management approach. This paper explores uncertainty-based management, which derives planning, monitoring and management style from an uncertainty profile comprising four types of uncertainty: variation, foreseen uncertainty, unforeseen uncertainty, …