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Management paradigm: The untapped power of process laws
Author(s) -
Brimson James A.
Publication year - 2011
Publication title -
journal of corporate accounting and finance
Language(s) - English
Resource type - Journals
eISSN - 1097-0053
pISSN - 1044-8136
DOI - 10.1002/jcaf.20709
Subject(s) - disequilibrium , process (computing) , value (mathematics) , business , adaptive management , power (physics) , event (particle physics) , process management , law and economics , risk analysis (engineering) , environmental resource management , computer science , economics , physics , medicine , quantum mechanics , machine learning , ophthalmology , operating system
It has been said that change is inevitable but progress optional. The choice facing executives is whether to continue to tweak their traditional management model—thus prolonging the disequilibrium caused by a vortex of turbulent events—or to start using an adaptive management philosophy, which is built on value creation and event management. © 2011 Wiley Periodicals, Inc.