A New Probabilistic Problem-Solving Paradigm: A Conceptual Critical Reflection

Chris William Callaghan
2014 Mediterranean Journal of Social Sciences  
For Coase, organisations exist because they manage resources more efficiently than markets can. In contrast, for Grant, organisations exist because they are more efficient at integrating knowledge. Therefore, according to Grant, certain types of knowledge, such as tacit knowledge, cannot be transferred efficiently; problem solving therefore needs to be devolved to the level of the individual. Similarly, the work of Hayek and von Hippel suggests that knowledge is 'sticky' and cannot easily be
more » ... nsferred. In this paper the argument is made that a second generation of problem solving research and development management systems need to be developed; as a global system of distributed problem solving, in order to be able to deal with specific types of problems, termed 'catastrophic events', that may arise.
doi:10.5901/mjss.2014.v5n23p2070 fatcat:ve7dddmu2jbfpjtrzrov7qelrm