| Title |
International business policymaking for a "wicked" world |
| ID_Doc |
75641 |
| Authors |
Raskovic, M |
| Title |
International business policymaking for a "wicked" world |
| Year |
2022 |
| Published |
Journal Of International Business Policy, 5, 3 |
| DOI |
10.1057/s42214-021-00113-w |
| Abstract |
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. |
| Author Keywords |
wicked problems; morality; time; COVID-19; VUCA framework; international business policy; resilience |
| Index Keywords |
Index Keywords |
| Document Type |
Other |
| Open Access |
Open Access |
| Source |
Emerging Sources Citation Index (ESCI) |
| EID |
WOS:000654156700001 |
| WoS Category |
Business |
| Research Area |
Business & Economics |
| PDF |
https://link.springer.com/content/pdf/10.1057/s42214-021-00113-w.pdf
|