Metaeconomic Approaches in Global Management

Antanas Buracas ()
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Antanas Buracas: Lithuanian University of Educational Sciences

A chapter in Economy, Finance and Business in Southeastern and Central Europe, 2018, pp 611-619 from Springer

Abstract: Abstract The metaeconomic approaches in management (MEM) are directly interconnected with modern multiple criteria assessment techniques and important for managing the sustainable socioeconomic development, evaluating the competitiveness risk and sophisticated neuromethods in finance investing etc. In particular, new MEM approaches to global talent competitivity permit to apply them productively as criteria for distributing investments in knowledge and competencies with account of synergetic motivation. For this purposes the taxonomical structurization of the MEM was reviewed. The social criteria and tasks may be arranged with account of changing normative (or minimax) functions detailing admitted hierarchies of preferences at various periods of development. Some specific MEM concepts, including utility functions and multicriteria scoring, are widely applied by the WEF, INSEAD and/or international assessments of global competitiveness, global innovations, IT, and global talents and/or indices, also in financial analytics. The taxonomic ranking of priorities in the multipurpose economic imitation of social preferences presupposes the weighed comparability of criteria functions on the qualitatively different levels—determining the alternatives of optimization, also multicriteria dynamic equilibrium, and the preferable managerial strategies. The stochastic network modelling of universal socioecological sustainability for country’s economic development by matching development interests, disposable resources’ allocation, and/or characteristics of complex adaptive systems can be recommended as a productive approach to intellectual management practice. The MEM becomes esp. significant when formulating the activities’ aim hierarchies or choosing the optimization criteria, the restrictions, and taxonomy of sustainable development preferences.

Keywords: Metaeconomic approach; Innovative management; Multiple criteria methods (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-319-70377-0_42

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DOI: 10.1007/978-3-319-70377-0_42

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