Organizational sticking points on NK Landscapes

Rivkin, Jan W.; Siggelkow, Nicolaj

doi:10.1002/cplx.10037

Cited by 92 publications

(70 citation statements)

References 38 publications

(39 reference statements)

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“…The literature on firm foundations and mortalities (Hannan and Freeman, 1989) suggests a normative trajectory in relation to firm density while work on organisations by scholars adapting Kaufmann's population biology (Rivkin and Siggelow, 2002), have described a pattern of adaptive walks across a fitness landscape marked by degrees of ruggedness. For many of the small companies in this period making a living became progressively more difficult, while for medium sized enterprises sustaining a sufficient throughput of commissions put their business models under constant pressure.…”

Section: Early Historymentioning

confidence: 99%

Early independent production entrepreneurs in the UK television: pioneering agents of neoliberal intervention

Paterson

2017

IJEV

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This essay focuses on the operation of the UK independent television production sector in the context of the entrepreneurial aspirations of company owners in the 1990s. The calculative practices used running these small and medium sized companies are examined and the experiences in managing them are mapped as they negotiated an evolving fitness landscape. Analysis is provided of the strategies adopted including the need to develop reputation and relational contracts to secure a constant flow of commissions. Conclusions are drawn about this transitional phase of entrepreneurship in this sector ahead of government intervention in the market through imposing new terms of trade between independent production companies and broadcasters.

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Section: Early Historymentioning

confidence: 99%

Early independent production entrepreneurs in the UK television: pioneering agents of neoliberal intervention

Paterson

2017

IJEV

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“…they are given in relation to the global maximum of the respective performance landscapes (otherwise the results could not be compared across performance landscapes). Speed_t 5 gives the increase in performance gained in the first five time steps of the search process and measures speed, without being ''mingled'' with search effects, in a rather pure manner (Rivkin and Siggelkow 2002). Freq_GlobMax reports how often the global maximum is found in the final observation period relative to the total number of simulation experiments with the same parameter settings.…”

Section: Simulation Experiments and Parameter Settingsmentioning

confidence: 99%

“…Freq_GlobMax reports how often the global maximum is found in the final observation period relative to the total number of simulation experiments with the same parameter settings. A problem in adaptive search processes is that they may stick to local maxima since no configurations with a higher performance can be found in the neighborhood of a local peak (Rivkin and Siggelkow 2002). Therefore, an interesting measure is how many alterations of the decisional vector d are realized within the search process.…”

Section: Simulation Experiments and Parameter Settingsmentioning

confidence: 99%

Agent-based modeling in managerial science: an illustrative survey and study

Wall

2014

Rev Manag Sci

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This article provides an overview of the current state of agent-based modeling in managerial science. In particular, the aim is to illustrate major lines of development in agent-based modeling in the field and to highlight the opportunities and limitations of this research approach. The article employs a twofold approach: First, a survey on research efforts employing agent-based simulation models related to domains of managerial science is given which have benefited considerably from this research method. Second, an illustrative study is conducted in the area of management accounting research, a domain which, so far, has rarely seen agentbased modeling efforts. In particular, we introduce an agent-based model that allows to investigate the relation between intra-firm interdependencies, performance measures used in incentive schemes, and accounting accuracy. We compare this model to a study which uses both, a principal-agent model and an empirical analysis. We find that the three approaches come to similar major findings but that they suffer from rather different limitations and also provide different perspectives on the subject. In particular, it becomes obvious that agent-based modeling allows us to capture complex organizational structures and provides insights into the processual features of the system under investigation.

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“…This learning is incorporated into the next experiment in that the experimenter turns towards the higher foot before taking the next step. A hill-climbing strategy enables an experimenter to travel to the highest point that can be reached by a continuously ascending path in the topography encountered (Rivkin and Siggelkow 2002, Siggelkow and Rivkin 2005. A well-known disadvantage of the hill-climbing strategy is that the researcher will not know whether the highest point reached is in fact the highest peak on the landscape or simply a foothill.…”

Section: Background On Pyramiding and Screeningmentioning

confidence: 99%

“Pyramiding: Efficient search for rare subjects”

Hippel¹,

2009

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The need to economically identify rare subjects within large, poorly-mapped search spaces is a frequently-encountered problem for social scientists and managers. It is notoriously difficult, for example, to identify "the best new CEO for our company," or the "best three lead users to participate in our product development project." Mass screening of entire populations or samples becomes steadily more expensive as the number of acceptable solutions within the search space becomes rarer.The search strategy of "pyramiding" is a potential solution to this problem under many conditions. Pyramiding is a search process based upon the idea that people with a strong interest in a topic or field tend to know people more expert than themselves. In this paper we report upon four experiments empirically exploring the efficiency of pyramiding searches relative to mass screening.We find that pyramiding on average identified the most expert individual in a group on a specific topic with only 28.4% of the group interviewed -a great efficiency gain relative to mass screening.Further, pyramiding identified one of the top 3 experts in a population after interviewing only 15.9% of the group on average. We discuss conditions under which the pyramiding search method is likely to be efficient relative to screening.

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Organizational sticking points on NK Landscapes

Abstract: Scholars studying human organizations have recently adopted the notion of fitness landscapes, a concept

Cited by 92 publications

References 38 publications

Early independent production entrepreneurs in the UK television: pioneering agents of neoliberal intervention

Early independent production entrepreneurs in the UK television: pioneering agents of neoliberal intervention

Agent-based modeling in managerial science: an illustrative survey and study

“Pyramiding: Efficient search for rare subjects”

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