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The Dilemmas of WonderlandDecisions in the Age of Innovation$
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Yakov Ben-Haim

Print publication date: 2018

Print ISBN-13: 9780198822233

Published to Oxford Scholarship Online: October 2018

DOI: 10.1093/oso/9780198822233.001.0001

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Managing Innovation Dilemmas

Managing Innovation Dilemmas

Chapter:
(p.81) 5 Managing Innovation Dilemmas
Source:
The Dilemmas of Wonderland
Author(s):

Yakov Ben-Haim

Publisher:
Oxford University Press
DOI:10.1093/oso/9780198822233.003.0005

Innovation dilemmas pervade many personal and professional decisions. This chapter explores a method for responsibly handling those dilemmas. The approach is based on two fundamental concepts—robustness and satisficing—that are discussed in the first two sections. The need for robustness arises from the prevalence of pernicious uncertainty. To satisfice means “to satisfy critical requirements”, and is motivated by the need for robustness against pernicious uncertainty. We then summarize guidelines for managing innovation dilemmas, based on info-gap decision theory. These guidelines provide intuitive conceptual tools for assessing robustness and for prioritizing one’s alternatives. Several examples illustrate the use of these guidelines: bipolar disorder and pregnancy, rural poverty, military tactics of Epaminondas in ancient Greece, and stock market investments.

Keywords:   innovation dilemma, info-gap theory, robustness, satisficing, Epaminondas, bipolar disorder, pregnancy, rural poverty, military tactics, stock market investment

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