Seminar on “An Exploration of Brain Science and its Potential Contributions to Strategic Management and Strategic Thinking”
Seminar
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Date
05 Jan 2017
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Organiser
Department of Industrial and Systems Engineering, PolyU
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Time
10:30 - 12:00
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Venue
EF619
Speaker
Prof. Jackson Nickerson
Summary
Prof. Jackson Nickerson is one of Prof. Oliver Williamson’s students, who got a Nobel economic prize in 2009. He is globally famous. His major is the make-buy sourcing decision, explaining why a ‘firms’ exists, compared with ‘market’. His publications are regarding difference between firm vs. market. He provides theoretical framework regarding M&A vs. Alliance.
Abstract
The talk is about how recent advances in brain science may provide new insights for strategic management and strategic thinking. The paper describes four brain structures—the hippocampus, amygdala, anterior cingulate cortex, and prefrontal cortex—in conjunction the two nervous systems—the sympathetic nervous system and parasympathetic nervous system—and how they interact to effect strategic thinking and decision-making. Three propositions are proffered that provide a more nuanced model of strategic decision-making than is currently available in strategic management with extant models of decision-makers. This new model of decision-makers is comprised of the effects of physical and ego preservation along with associate thinking (PEPAT). With this new model, several new areas of research in strategic management and strategic thinking are identified and the value creation opportunities that emerge are discussed.
Keynote Speaker
Prof. Jackson Nickerson
Frahm Family Professor of Organization and Strategy, Senior Fellow in Governance Studies at the Brookings Institution, and the Associate Dean and Director of the Brookings Executive Education
Jackson is the Frahm Family Professor of Organization and Strategy, Senior Fellow in Governance Studies at the Brookings Institution, and the Associate Dean and Director of the Brookings Executive Education. Jackson joined the Olin School of Business at Washington University in St. Louis, in 1996. At Olin he teaches strategic management courses on innovation, management of life science, organizational strategy, and critical thinking. At Brookings Executive Education, he teaches programs on critical thinking, strategic thinking, vision and leading change without authority, excellence in customer service, flexibility and decisiveness, execution, converting conflict to collaborative conversations, leading networks with enterprise leadership, and facilitation for tackling wicked problems. He also developed with AACSB and teaches Leading in the Academic Enterprise®, an AACSB leadership development program for deans, associate deans, assistant deans, and administrative staff. He has received 17 teaching awards from undergraduates and executives alike and received the 2003 State of Missouri Governor’s Award for Excellence in Teaching. Jackson’s research focuses on organizations, governance, and performance. His research has twice won the Olin Award Recognizing Research That Transforms Business and is found in the leading academic journals including Administrative Science Quarterly, Journal of Political Economy, Management Science, Organization Science, Strategic Management Journal, and Strategic Organization. His research on the FDA has been discussed in Business Week and has led to tangible changes in the way the FDA oversees pharmaceutical manufacturing. Jackson has engaged and impacted numerous organizations through Olin’s custom executive education programs, Olin’s Partners Program, and consulting for industries including architecture and art, chemicals, education, finance, health care, and pharmaceuticals. He also is author or co—author of four books inducing, book Leading Change in a Web 2.1 World, published in the fall of 2010. Jackson was a director of the publicly listed company CleanTech Biofuels from 2009 until 2012 and currently is a director of NFORMD.NET, a privately held new media company.
