Managerial Decision Making: A Holistic Approach

Jeffrey Yi-Lin Forrest  Jeananne Nicholls · Kurt Schimmel  Sifeng Liu Managerial Decision Making A Holistic Approach Managerial Decision Making Jeffrey Yi-Lin Forrest • Jeananne Nicholls Kurt Schimmel • Sifeng Liu Managerial Decision Making A Holistic Approach Jeffrey Yi-Lin Forrest Slippery Rock University Slippery Rock, PA, USA Jeananne Nicholls Slippery Rock University Slippery Rock, PA, USA Kurt Schimmel Slippery Rock University Slippery Rock, PA, USA Sifeng Liu Institute for Grey Systems Studies Nanjing University of Aeronautics & Astronautics Nanjing, Jiangsu, China ISBN 978-3-030-28063-5 ISBN 978-3-030-28064-2 https://doi.org/10.1007/978-3-030-28064-2 (eBook) © Springer Nature Switzerland AG 2020 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors, and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. This Springer imprint is published by the registered company Springer Nature Switzerland AG The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland Synopsis The purpose of this volume is to provide managers and entrepreneurs with a readily available tool to support their daily decision-making so that they know their decisions are mostly reliable and made on the basis of a sound scientific foundation, and scholars with a brand new approach to the research of managerial decision-making. To accomplish this practically significant and theoretically important outcome, instead of data mining and anecdotal analysis, this book establishes results by employing systems science and logic reasoning in general and the systemic yoyo model in particular. This abstract while intuitive in approach avoids all the serious limitations of econometric methods and anecdotal analyses. This book is composed of five parts, entitled, respectively, “The Theoretical Foundation”; “The Present Era of Transient Competitive Advantages”; “The Innovativeness of Firms: Seen from Within”; “Development of Nationally Sel