NDLI: Entrepreneurs, innovators, and unruly reality: Learning-based strategies to manage the risks of unanticipated events

Content Provider	IEEE Xplore Digital Library
Author	Bodde, D.L. McGrath, R.G. Pfeffer, J.
Copyright Year	2012
Description	Author affiliation: Clemson University, USA (Bodde, D.L.) \|\| Columbia University, USA (McGrath, R.G.) \|\| Stanford University, USA (Pfeffer, J.)
Abstract	The risks that challenge new ventures fall into two categories: (a) execution and strategy risks arising from failures of the management team, and (b) risks arising from events beyond the control of the management team and not discernable by them at the time key decisions must be made. This paper concerns the latter, external events that emerge unbidden to influence the success of the enterprise. Our thesis is that a rapid and effective learning process offers the best way to manage these risks. Independent entrepreneurs and corporate innovators can rely on three learning-based strategies to manage risk from an unruly business environment: • Rapid Learning: the planned use of unanticipated events to discover emerging hazards in time to take effective action. • Evidence-Based Management: early, frequent, and deliberate gathering of evidence, especially from customers and competitors, to improve the product quickly and inexpensively. • Tools for Organizing Insights: formal frameworks for planned learning, especially real options and scenario planning.
Starting Page	326
Ending Page	331
File Size	174610
Page Count	6
File Format	PDF
ISBN	9781467321334
e-ISBN	9781467321341
e-ISBN	9781467321327
DOI	10.1109/ITMC.2012.6306354
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2012-06-25
Publisher Place	USA
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Decision making Companies Games Lead Hazards Planning
Content Type	Text
Resource Type	Article

Sl.	Authority	Responsibilities	Communication Details
1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
5	Website/Portal (Helpdesk)	Queries regarding NDLI and its services	support@ndl.gov.in
6	Contents and Copyright Issues	Queries related to content curation and copyright issues	content@ndl.gov.in
7	National Digital Library of India Club (NDLI Club)	Queries related to NDLI Club formation, support, user awareness program, seminar/symposium, collaboration, social media, promotion, and outreach	clubsupport@ndl.gov.in
8	Digital Preservation Centre (DPC)	Assistance with digitizing and archiving copyright-free printed books	dpc@ndl.gov.in
9	IDR Setup or Support	Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops	idr@ndl.gov.in

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