Dynamic Modeling of Business Strategies

Phil Gorman; Teresa Nelson; Bruce Hannon; Howard Thomas

doi:10.1007/978-1-4757-2614-5_7

Dynamic Modeling of Business Strategies

Phil Gorman, Teresa Nelson, Bruce Hannon, Howard Thomas

Geography and Geographic Information Science

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Abstract

This paper models the flow of innovations in fundraising practices among institutions of higher education. The value of undertaking a consensus modeling process as a foundation for the building of analytical models is demonstrated. Five reasons why modeling can add to knowledge and understanding of complex systems are suggested, and « ten commandements » crucial to the process of dynamic modeling are outlined. The modeling of the flow of innovations in fundraising practices is described in some detail, and statistically-derived parameters are extracted and analyzed. The primary aim of the paper is to demonstrate how modeling can be employed as an invaluable process that can lead researchers to a deeper understanding of the behavior of a complex system.

Original language	English (US)
Title of host publication	Statistical Models for Strategic Management
Editors	Michel Ghertman, Jacques Obadia, Jean-Luc Arregle
Publisher	Springer
Chapter	7
Pages	159-183
ISBN (Electronic)	9781475726145
ISBN (Print)	9780792399704, 9781441951861
DOIs	https://doi.org/10.1007/978-1-4757-2614-5_7
State	Published - 1997

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AU - Nelson, Teresa

AU - Hannon, Bruce

AU - Thomas, Howard

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AB - This paper models the flow of innovations in fundraising practices among institutions of higher education. The value of undertaking a consensus modeling process as a foundation for the building of analytical models is demonstrated. Five reasons why modeling can add to knowledge and understanding of complex systems are suggested, and « ten commandements » crucial to the process of dynamic modeling are outlined. The modeling of the flow of innovations in fundraising practices is described in some detail, and statistically-derived parameters are extracted and analyzed. The primary aim of the paper is to demonstrate how modeling can be employed as an invaluable process that can lead researchers to a deeper understanding of the behavior of a complex system.

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BT - Statistical Models for Strategic Management

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A2 - Obadia, Jacques

A2 - Arregle, Jean-Luc

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ER -

Dynamic Modeling of Business Strategies

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