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Group theory --- 51 <082.1> --- Mathematics--Series --- Geometric group theory --- Statistical decision --- Free products (Group theory) --- Equations, Quadratic --- Groupes, Théorie géométrique des --- Prise de décision (statistique) --- Équations du second degré --- Decision problems --- Game theory --- Operations research --- Statistics --- Management science --- Products, Free (Group theory) --- Quadratic equations --- Groupes, Théorie géométrique des. --- Équations du second degré.

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Medical ethics --- Dictionaries --- 241.63*2 --- -Biomedical ethics --- Clinical ethics --- Ethics, Medical --- Health care ethics --- Medical care --- Medicine --- Bioethics --- Professional ethics --- Nursing ethics --- Social medicine --- Theologische ethiek: medische ethiek: dokter; verpleegster; ziekenhuis --- Moral and ethical aspects --- -Theologische ethiek: medische ethiek: dokter; verpleegster; ziekenhuis --- 241.63*2 Theologische ethiek: medische ethiek: dokter; verpleegster; ziekenhuis --- -241.63*2 Theologische ethiek: medische ethiek: dokter; verpleegster; ziekenhuis --- Biomedical ethics --- Dictionaries. --- Medical ethics - Dictionaries

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Strategic management is a system of continual disequilibrium, with firms in a continual struggle for competitive advantage and relative fitness. Models that are dynamic in nature are required if we are to really understand the complex notion of sustainable competitive advantage. New tools are required to tackle challenges of how firms should compete in environments characterized by both exogeneous shocks and intense endogenous competition. Agent-based modelling of firms' strategies offers an alternative analytical approach, where individual firm or component parts of a firm are modelled, each with their own strategy. Where traditional models can assume homogeneity of actors, agent-based models simulate each firm individually. This allows experimentation of strategic moves, which is particularly important where reactions to strategic moves are non-trivial. This Element introduces agent-based models and their use within management, reviews the influential NK suite of models, and offers an agenda for the development of agent-based models in strategic management.

Management --- Strategic planning. --- System theory. --- Operations research. --- Operational analysis --- Operational research --- Industrial engineering --- Management science --- Research --- System theory --- Systems, Theory of --- Systems science --- Science --- Goal setting (Strategic planning) --- Planning, Strategic --- Strategic intent (Strategic planning) --- Strategic management --- Planning --- Business planning --- Operations research --- Simulation methods. --- Philosophy

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