[vc_row][vc_column][vc_single_image image=”953″ alignment=”center” style=”vc_box_circle_2″][vc_column_text]<\/p>\n
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[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Abstract Biography [\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":" [vc_row][vc_column][vc_single_image image=”953″ alignment=”center” style=”vc_box_circle_2″][vc_column_text] Kozminski University, Poland [\/vc_column_text][vc_column_text] Revisiting Business Management’s Ur-Question [\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Abstract Rising anxieties about capitalism remind us of unresolved questions about the purpose, ethics, and management of private sector 9irms. The explosive growth of AI systems will inevitably magnify the na\u0131\u0308ve strategic advice that is generated from today’s weak or even untenable notions […]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"class_list":["post-952","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/scitope.com\/ait24\/index.php?rest_route=\/wp\/v2\/pages\/952","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/scitope.com\/ait24\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/scitope.com\/ait24\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/scitope.com\/ait24\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/scitope.com\/ait24\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=952"}],"version-history":[{"count":1,"href":"https:\/\/scitope.com\/ait24\/index.php?rest_route=\/wp\/v2\/pages\/952\/revisions"}],"predecessor-version":[{"id":954,"href":"https:\/\/scitope.com\/ait24\/index.php?rest_route=\/wp\/v2\/pages\/952\/revisions\/954"}],"wp:attachment":[{"href":"https:\/\/scitope.com\/ait24\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n<\/strong>Rising anxieties about capitalism remind us of unresolved questions about the purpose, ethics, and management of private sector 9irms. The explosive growth of AI systems will inevitably magnify the na\u0131\u0308ve strategic advice that is generated from today’s weak or even untenable notions of business 9irms. We stay off track so long as our current teachings in microeconomics, behavioral theory, organization theory, agent-based modelling, etc. or even legal theories of corporate personhood fail to address Ronald Coase\u2019s ur-question ‘Why 9irms?’ and, entailed, ‘What is business management?’. Nor does transaction cost economics help. To the contrary, we know 9irms are creatures of entrepreneurial responses to the business world’s uncertainties rather than data-driven. Thus business is the capitalist era’s most crucial art-form. I discuss how Frank Knight\u2019s uncertaintybased theory of the 9irm can be useful to working managers. Its essence is language-making, the rhetorical art that precedes persuasion and managing practice. Relatedly, Herbert Simon suggested a 9irm is a bounded island of practical language (heuristics) that engages wisely selected internal and external uncertainties. This leads to tractable and computable analysis. Against this, the academic fetishizing of rigorous theory has derailed our engagement with Coase’s question. While questionable consulting advice is plentiful, there is huge commercial potential for an uncertaintyoriented LLM that can get this right.
\n<\/span><\/p>\n
\n<\/strong><\/span>Research Professor, Kozminski University, Warsaw
\nVisiting Scholar, Rutgers University, Newark NJ
\nVisiting Scholar, Fordham University, New York NY
\nServed in Royal Navy (UK) submarines, BA in Engineering (Oxford) and then worked with RollsRoyce on nuclear propulsion. Later with IBM on 9inancial computing, and as an investment banker
\nbefore earning a PhD at the Manchester Business School (UK). Retired in 2003 as Dean of the School
\nof Business & Technology at FIT\/SUNY (New York).
\nHe has published 8 books, and over 100 journal articles and book chapters. Most recent book is
\nBusiness Strategy: Managing Uncertainty, Opportunity, and Enterprise (Oxford UP 2014) on
\nmanaging a business’s creative responses to uncertainty. He also writes about the theory and ethics
\nof the 9irm, business strategy, and the history of management education.
\nIn 2014 he was awarded an honorary doctorate in economics by the Lund University School of
\nEconomics & Management.
\nMost recent publication:
\nSpender, J.-C. (2024). Simon and Knight. In Gerd Gigerenzer, Shabnam Mousavi, & Riccardo Viale (Eds.), The
\nHerbert Simon Companion (pp. 97-127). Cheltenham: Edward Elgar.
\nHe is also Commissioning Editor for the Cambridge University Press Elements in Business Strategy:
\nhttps:\/\/www.cambridge.org\/core\/what-we-publish\/elements\/business-strategy-elements#
\nhttps:\/\/jcspender.com\/[\/vc_column_text][vc_column_text]<\/p>\nScholar Profile<\/span><\/a><\/h3>\n