Optimality and strategy

Optimality and strategy

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Article ID: iaor19971787
Country: United States
Volume: 2
Issue: 2
Start Page Number: 111
End Page Number: 126
Publication Date: Aug 1996
Journal: International Journal of Operations and Quantitative Management
Authors:
Keywords: cost benefit analysis
Abstract:

The conceptual model of strategy-without-tradeoffs appears to challenge conventional notions of optimality and optimization. This challenge is timely because several distinctive forms of optimality are currently in use within the behavioral and managerial sciences. Moreover, each form of optimality corresponds with an identifyable segment of Strategic Management theory. Many of the meta-optimality arguments remain ambiguous, or incomplete. However, they can inform strategy, particularly with respect to its Systemic and Ethical dimensions. The result is a prescription for methodological-adaptation and ideological-transition.

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