Picture of mobile phone running fintech app

Fintech: Open Access research exploring new frontiers in financial technology

Strathprints makes available Open Access scholarly outputs by the Department of Accounting & Finance at Strathclyde. Particular research specialisms include financial risk management and investment strategies.

The Department also hosts the Centre for Financial Regulation and Innovation (CeFRI), demonstrating research expertise in fintech and capital markets. It also aims to provide a strategic link between academia, policy-makers, regulators and other financial industry participants.

Explore all Strathclyde Open Access research...

How OR can contribute to strategy making

Ackermann, Fran (2010) How OR can contribute to strategy making. Journal of the Operational Research Society, 62 (5). pp. 921-923. ISSN 0160-5682

Full text not available in this repository. Request a copy from the Strathclyde author

Abstract

OR's venture into strategy is relatively recent and on examination of the extant literature it appears to have emerged through two relatively independent directions—each adding to a potentially substantial contribution. These directions or roles emanate from (1) a desire to undertake good analysis (echoing Simon's request for procedural rationality: Simon, 1976); and (2) a wish to manage the complexity that surrounds strategy making if systemically feasible and culturally desirable outcomes (see Checkland and Scholes, 1990) are to be generated. Furthermore, the nascent interest in mixing methods (Mingers and Brocklesby, 1997) additionally contributes to OR's potential contribution to strategy making through providing frameworks that facilitate and articulate the effective integration of the two directions. It is also noted by those working in the mixing methods field (Mingers and Brocklesby, 1997), that mixing methods is apposite for those problems that are complex, and multi-dimensional—a good description for those contemplating developing strategy.