The wicked challenge of the business environment

John C. Camillus

International Journal of Business Environment, 2016, vol. 8, issue 1, 19-31

Abstract: Today's business environment has seen the emergence of ubiquitous and increasingly significant forces. Three such 'mega-forces' are the inevitability of globalisation, the imperative of innovation, and the importance of shared value. These forces are significant individually, but when they interact they generate powerful phenomena, namely, disruptive technologies, conflicted stakeholders and unknowable futures. The confluence of these phenomena gives rise to wicked problems. The mega-forces and the resulting wicked problems make traditional techniques of strategic analysis ineffective and require new approaches to strategy making. Recognising how the phenomena generated by the mega-forces give rise to wicked problems provides firms with guidelines for dealing with the distinctive and daunting challenge posed by these wicked problems.

Keywords: business environment; business strategy; disruptive technologies; globalisation; innovation; shared value; conflicted stakeholders; wicked problems; unknowable futures; strategy making. (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.inderscience.com/link.php?id=74792 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:ijbenv:v:8:y:2016:i:1:p:19-31

Access Statistics for this article

More articles in International Journal of Business Environment from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().