Chance and Intent: Managing the Risks of Innovation and Entrepreneurship

by David L. Bodde; Dept. Of Strat

• ISBN13: 9780415877619
• ISBN10: 041587761X
• Edition: 1st
• Format: Nonspecific Binding
• Copyright: 2012-03-22
• Publisher: Routledge

Summary

A compact and readable book will help executives, entrepreneurs, and venture investors learn to search out and plan for those enterprise hazards that reside outside the bell curve, the conventional domain of risk:Uncertainty, where outcomes can be characterized in advance, reliable estimates cannot be made for the likelihood that they will occur;Ambiguity, where the events and outcomes cannot be well characterized, in some cases because we cannot imagine them and in others because characterization depends upon the institutional interests or cultural values of the observer; and,Ignorance, where neither likelihood estimates nor well-characterized events enjoy much credibility.This edited volume emphasizes practical strategies for understanding and managing the hazards of the new venture in light of recent research. It will help corporate innovators, entrepreneurs, and investors them employ a wider spectrum of risk management strategies than is now possible.

Author Biography

David L. Bodde serves as Professor of Engineering at the International Center for Automotive Research, Clemson University. Caron H. St. John is Dean of the College of Business Administration at the University of Alabama in Huntsville.

Table of Contents

Acknowledgments	p. vii
Introduction: Some Thoughts at the Beginning Concerning Risk and its Management	p. ix
Decision-Making Under Stress and Uncertainty	p. 1
Managing an Entrepreneur's Risk-Taking Propensity	p. 7
Risk-Takers and Taking Risks	p. 19
Managing Unruly Reality: Risks from the Business Environment	p. 35
Learning from the Unexpected	p. 41
Evidence-Based Management for Entrepreneurial Environments: Faster and Better Decisions with Less Risk	p. 57
Betting the Farm: Real Options, Scenario Analysis, and Strategic Reasoning about Risk	p. 69
Open Innovation: New Horizons, New Risks	p. 85
Open Innovation from Theory to Practice	p. 93
The Uses and Risks of Open Innovation	p. 109
Entrepreneurship and Venture Capital in the Age of Collective Intelligence	p. 125
Author Biographies	p. 143
Index	p. 149
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