International business policymaking for a 'wicked' world
Autor: | Matevž Rašković |
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Jazyk: | angličtina |
Rok vydání: | 2021 |
Předmět: |
Wicked problem
business.industry wicked problems VUCA framework media_common.quotation_subject Corporate governance COVID-19 International business Public relations morality international business policy Morality Moral imperative Management of Technology and Innovation Political science Reflexivity Wickedness Commentary Psychological resilience Business and International Management business resilience time media_common |
Zdroj: | Journal of International Business Policy |
ISSN: | 2522-0705 2522-0691 |
Popis: | Many international business (IB) issues are “wicked”, requiring specific policymaking approaches and capabilities. COVID-19 has accentuated their wickedness, contributing also to global structural shifts, which pose significant challenges and opportunities for transformation policymaking. This commentary extends the second-generation wicked problem (WP) literature and proposes a third-generation WP approach focusing on morality and time, which have been often overlooked. Drawing on the WP literature, I propose three policymaking principles (i.e., time-sensitive logics, actioning a moral imperative, empathy, and reflexivity) and two types of meta-capabilities (i.e., resilience and entrepreneurial meta-capabilities). Time-sensitive logics sensitize decision-makers to cause-effect lags and help synch their approaches with governance, system and strategic policymaking logics. Actioning a moral imperative helps curb perverse managerial incentives to address only feasible WP parts. Empathy and reflexivity outline the importance of humanizing WPs and prompt decision-makers to reflect on their own mental models and biases when addressing WPs. Resilience meta-capabilities underscore anticipatory, coping, adaptive and transformative capabilities needed to address WPs in order to “bounce beyond adversity”. Entrepreneurial meta-capabilities outline five entrepreneurial policymaking elements suited for addressing WPs. These principles and meta-capabilities can guide policymakers and managers to better navigate the wickedness of COVID-19 and address WPs beyond it. |
Databáze: | OpenAIRE |
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