Title

The dominant knowledge asset: The key to short term decision making

Document Type

Conference Proceeding

Faculty

Faculty of Business and Public Management

School

School of Business

RAS ID

198

Comments

La Vertu, E. (2001). The dominant knowledge asset: the key to short term decision making. In: Stoney, S., & Burn, J. (Eds.). Working for excellence in the e-conomy: 2nd international We-B conference (pp. 20-27). Churchlands, Australia: We-B Centre, School of Management Information Systems, Edith Cowan University.

Abstract

This paper examines three current military decision making tools for business use, while being aware of Information Warfare and Attack: dominant Battlespace knowledge (DBK) or The knowledge asset, decision making using the linear OODA Loop (Observe-Orient-Decide-Act) and decision systems using the non-linear Complex Adaptive Systems (CAS). The OODA Loop links two possibly incompatible elements, DBK and CAS into a superior decision making model that makes the short-term unit of decision based not on cost but timeliness to yield the value of the decision. The intention is to maintain proactive initiative and momentum, and ensure the agility of the organisation to almost any unforseen event.

 
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