A Contigency-Based View of Chief Executive Officer's Early by Kirschkamp A.

By Kirschkamp A.

Businesses have to establish dangers and probabilities of environmental alterations so one can adapt to or most likely even to steer them. Early caution which includes scaning and interpretation performs a massive position during this procedure. while the conventional contingency technique considers early caution as part of the organizational constitution, the prolonged contigency conception assumes the extra impression of an individual's character on early caution.

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483. See Ansoff (1975), p. 24 and Ansoff (1976), p. 133. See Ansoff (1975), p. 135. Understanding of Early Warning in Literature and Definition of Important Terms Part B 18 Organizations have to react to weak signals in order to prevent strategic surprises. They do this by changing the state of the firm. ANSOFF proposes a range of possible response strategies according to the state of ignorance. dg Response Strategy States of Ignorance (1) Sense of Threat/ Opportunity (2) Source of Threat/ Opportunity (3) Threat/ Opportunity Concrete (4) Response Concrete (5) Outcome Concrete Environmental Awareness Self Awareness Internal Flexibility External Flexibility Internal Readiness Direct Action Figure 6: Ranges of Response Strategies to States of Ignorance 115 As seen above, before-the-fact preparedness comprises two dimensions: anticipation of strategic surprises and changing the state of the firm.

For an introduction to business ratios see Küting and Weber (1999), p. 23ff and Weber (2004), p. 239ff. See Krystek and Müller-Stewens (1990), p. 338 and Hahn (1983), p. 7. See Weber (1995), p. 204. See Kühn (1980), p. 497 and Gomez (1983), p. 14. See Krystek (1990), p. 69. See Küting and Weber (1999), p. 27ff. Examples of ratio systems are the system by DuPont, the ZVEI ratio system or the return on investment/cash-flow ratio system. For an overview see Reichmann (1990), p. 18ff. See Krystek (1990), p.

The only difference is the disjuncture of scanning into sensing and perception. See Liu (1998), p. 301. See Daft and Weick (1984), p. 286. Milliken (1990), p. 43. See Daft and Weick (1984), p. 293. See for example Kim (2001), p. 20 and Huber (1991), p. 102. These two steps can also be considered as learning about the environment. See Hedberg (1981), p. 5. See Crossan, Lane and White (1999), p. 522 and Kim (2001), p. 38ff. See Isabella (1990), p. 8f. See Kim (1993), p. 37f. and Simon (1991), p. 129ff.

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