New model for making resilient decisions in an uncertain context: The rational resilience-based decision-making model (R2DM)

Abstract

The present paper came into existence with the specific purpose of providing an optimized process that enables making resilient decisions in an uncertain context, and here our interest is particularly focused on the activity of new venture creation and on the entrepreneurial decision-making logic, in particular, effectuation theory. Within this framework, the rational resilience-based decision-making model (R2DM) is introduced. The relevant steps of this model are: (1) The identification of the problem and the available options. In this instance, the studied situation is the effectual customer co-creation case, and the available alternatives are planning, visionary, adaptative and transforming approaches, (2) The definition of the selection criteria that should be used to evaluate the available alternatives. In our case, these criteria are the six principles of entrepreneurial resilience, which are set out in detail, (3) The choice of the methodology to be followed in assessing the available options. To that end, three interconnected methods, based mainly on logical thinking and reasoning, are proposed. They are respectively devoted to Entrepreneurial resilience (ER) calculation, options classification using logistic regression algorithm, and the determination of the most resilient route to reach objectives employing graph theory. The obtained results are compared to what is advocated in the literature and conclusions are made.

Success factors of organizational resilience: a qualitative investigation of four types of sustainable digital entrepreneurs

“…, 2022). The aim of this research was to further increase SMEs’ awareness of proactively anticipating disruptions (Said et al. , 2023) related to sustainability and digitalization.…”

“…Hence, the exemplarily described proactive approaches characterize higher levels of organizational resilience (Burnard et al. , 2018; Said et al. , 2023).…”

“…Griese et al (2018a, b) postulated a link between sustainable digital business configurations and organizational resilience. Hence, the exemplarily described proactive approaches characterize higher levels of organizational resilience (Burnard et al, 2018;Said et al, 2023). Sarma et al (2022) stressed that sustainable SME entrepreneurs need to enhance their digital resilience capability.…”

“…financial crises, war). In response to this, enhancing SME resilience achieves increasing attention (Alberti et al, 2018;Herbane, 2019;Marcazzan et al, 2022;Saad et al, 2021;Said et al, 2023;Zutshi et al, 2021). Resources include resilience workshops focusing on topics such as innovation in times of crisis or a resilient organizational culture and the "resilient futures" podcast (IZT, 2022).…”

A New Partial Correlation Coefficient Technique Based on Intuitionistic Fuzzy Information and Its Pattern Recognition Application

“…In fact, assorted application examples have been discussed from the perspective of IFSs [12][13][14][15]. Sundry discussions of decision-making in uncertain frameworks have been presented [16][17][18].…”