The objective of this book, the second volume of this monograph series, is to respond to the calls from front-line managers, entrepreneurs, and scholarly researchers to reconstruct the theories of economics and business so that the new theories will be more relevant to real life than the prevalent ones. Differing from what is presented in the first volume, this second volume emphasizes the development of systemic principles underlying a whole series of empirical discoveries and theoretical conclusions in more applied business studies. By employing the concepts, methodology, and logical reasoning of systems science, this volume addresses important issues about value creation and capture, managerial decision making in the modern business world, and the management of large-scale business forces.

The book particularly targets graduate students and scholarly researchers who are looking for opportunities to develop new territory in the world of applied economic and business knowledge. In addition, it aims at front-line decision-making managers and entrepreneurs who want sounder theories and more reliable methods than the commonly available ones on which to base their critical decisions. By masterfully employing the concepts, methodology, and logical reasoning of systems science, readers can expect to become better able to discover the previously unfamiliar essence of business practices and insightful opportunities for profit.

Provides managers and entrepreneurs with a tool to support their daily decision making on a scientific foundation Offers scholars systems science and holistic logical reasoning to avoid the limitations of conventional methods Sets forth solid results that can lead to managerial recommendations instead of making mere suggestions

Autorentext

Jeffrey Yi-Lin Forrest (aka Yi Lin) earned his PhD degree in mathematics from Auburn University, Alabama; and served as a visiting professor of economics, finance, mathematics, and systems science at several major universities from various countries. Currently, he is a professor of mathematics and the research coach for the School of Business at Slippery Rock University of Pennsylvania. Other than heading the International Institute for General Systems Studies, he served or serves on the editorial boards of thirteen scholarly journals, as a co-editor-in-chief of the international journal "Advances in Systems Science and Application," the editor- or co-editor-in-chief of four book series, "Grey System (Springer)," "Systems Evaluation, Prediction, and Decision-Making (CRC Press, New York)," "Communications in Cybernetics, Systems Science and Engineering," and "Communications in Cybernetics, Systems Science and Engineering - Proceedings (CRC Press, Balkema)." As of today, he publishedover 500 research works, including over 50 authored or edited volumes.

Inhalt

Chapter 1. Potential Unification of Applied Economic and Business Studies.- Chapter 2. The Ecosystem of a Firm.- Chapter 3. Beneficially Developed Synergistic Innovations.- Chapter 4. Innovations and Resources.- Chapter 5. Artificial Intelligence and Technological Innovation.- Chapter 6. Market-Sensing and Market-Reaching Capabilities.- Chapter 7. Agency Problem, Managerial Control and Projects' Interactions.- Chapter 8. Sustainable and Transient Competitive Advantages.- Chapter 9. Successful Adaption to the Present Era.- Chapter 10. Indecisive Customers and Sales Associates with Elevated Competitiveness.- Chapter 11. Appropriate Strategies and Necessary Organizational Supports.- Chapter 12. The Decision of either Going International or Staying Domestic.- Chapter 13. A Few Important Issues regarding Child Labor.- Chapter 14. Industry Sizes and Wage Differentials.- Chapter 15. Clashes of Currencies.- Chapter 16. Several Strategies of Self-Defense.