Effective Search in Rugged Performance Landscapes: A Review and Outlook (Record no. 52427)
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| 000 -LEADER | |
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| fixed length control field | 02543nam a2200253 4500 |
| 003 - CONTROL NUMBER IDENTIFIER | |
| control field | OSt |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20190814182858.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 190814b ||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Baumann, Oliver |
| 9 (RLIN) | 14691 |
| 245 ## - TITLE STATEMENT | |
| Title | Effective Search in Rugged Performance Landscapes: A Review and Outlook |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | 285–318 p. |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | The creation of novel strategies, the pursuit of entrepreneurial opportunities, and the development of new technologies, capabilities, products, or business models all involve solving complex problems that require making a large number of highly interdependent choices. The challenge that complex problems pose to boundedly rational managers—the need to find a high-performing combination of interdependent choices—is akin to identifying a high peak on a rugged performance “landscape” that managers must discover through sequential search. Building on the NK model that Levinthal introduced into the management literature in 1997, scholars have used simulation methods to construct performance landscapes and examine various aspects of effective search processes. We review this literature to identify common themes and mechanisms that may be relevant in different managerial contexts. Based on a systematic analysis of 71 simulation studies published in leading management journals since 1997, we identify six themes: learning modes, problem decomposition, cognitive representations, temporal dynamics, distributed search, and search under competition. We explain the mechanisms behind the results and map all of the simulation articles to the themes. In addition, we provide an overview of relevant empirical studies and discuss how empirical and formal work can be fruitfully combined. Our review is of particular relevance for scholars in strategy, entrepreneurship, or innovation who conduct empirical research and apply a process lens. More broadly, we argue that important insights can be gained by linking the notion of search in rugged performance landscapes to practitioner-oriented practices and frameworks, such as lean startup or design thinking. |
| 653 ## - INDEX TERM--UNCONTROLLED | |
| Uncontrolled term | Complexity |
| Uncontrolled term | Performance Landscape |
| Uncontrolled term | Search |
| Uncontrolled term | Problem Solving |
| Uncontrolled term | Bounded Rationality |
| Uncontrolled term | NK Model |
| Uncontrolled term | Simulation |
| 700 ## - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Schmidt, Jens |
| 9 (RLIN) | 34188 |
| Personal name | Stieglitz, Nils |
| 9 (RLIN) | 34189 |
| 773 0# - HOST ITEM ENTRY | |
| Host Biblionumber | 29017 |
| Host Itemnumber | 74525 |
| Main entry heading | DEBORAH E. RUPP |
| Place, publisher, and date of publication | WEST LAFAYETTE SAGE PUBLICATION 2012 |
| Other item identifier | 55510284 |
| Title | JOURNAL OF MANAGEMENT |
| International Standard Serial Number | 0149-2063 |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Source of classification or shelving scheme | Dewey Decimal Classification |
| Koha item type | Journal Article |
| Withdrawn status | Lost status | Source of classification or shelving scheme | Damaged status | Not for loan | Home library | Current library | Date acquired | Total Checkouts | Full call number | Barcode | Date last seen | Price effective from |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dewey Decimal Classification | Main Library | Main Library | 14/08/2019 | Vol 45, Issue 1/ 5551028JA10 | 5551028JA10 | 14/08/2019 | 14/08/2019 |