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Evolutionary Processes and Organizational Adaptation by Daniel A. Levinthal (Hardback)
£24.99
Out of stock
Product Ref. (e.g. ISBN, SKU)
9780199684946
Published:
26 Jun 2021
Format:
Hardback
Number of pages:
160 pages
Dimensions:
222x142x15mm
Weight:
0.330kgs
Author:
How do firms adapt? Is it through rational choice and intentionality, or rather a process of evolutionary dynamics? Using the ideas of Gregor Mendel as a touchstone, this book aims to construct a middle-ground between these two conceptions and provide a new framework for understanding the adaptive dynamics of organizations.
How do firms adapt?
There are two basic starting points from which to answer that question. One is premised on ideas of rational choice and intentionality, while the other is a process of evolutionary dynamics. Both are well-defined and operate as powerful intellectual attractors. Using the ideas of Gregor Mendel as a useful touchstone, this book aims to construct a middle-ground between these two conceptions.
The image of the "Mendelian" executive shows how we might effectively balance the ideas of godlike rational design on the one hand and evolutionary dynamics on the other. The perspective developed in this book is anchored on the two key primitives of path-dependence and artificial selection. The intentionality of the Mendelian executive allows for the conscious exploration of opportunities, rather than the happenstance of random variants, yet the constraining forces of path-dependence may lead these moves to adjacent spaces. This perspective also highlights the role of intentionality with respect to the selection and culling of strategic initiatives. The organization operates an "artificial selection" environment, as firms receive profits and losses and, in turn, mediate how these environmental outcomes are projected onto underlying elements and actors within the organization. In this spirit, exploration can be considered not merely as the distance in the underlying behavior from current action, but also as changes in the dimensions of merit by which initiatives are judged. The Mendelian executive is a catalyst and cultivator of promising pathways to unknown futures.
About the Author: Daniel A. Levinthal is the Reginald H. Jones Professor of Corporate Strategy at the Wharton School, University of Pennsylvania. A leading management scholar, he has published extensively on questions of organizational adaptation and industry evolution, particularly in the context of technological change. He is a Fellow of the Strategic Management Society, the Academy of Management, and the Academy of International Business. He currently serves as Editor-in-Chief of Strategy Science and has previously served as Editor-in-chief of Organization Science. He has received honorary doctorates from the London Business School, University of Southern Denmark, Tilburg University, and the University of Warwick.
| Number of pages | 160 |
|---|
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