engleski

A question of time: Do economists and strategic managers manage time or do they even care?

The article explores the notion of time in an economic thought. Opposite to the importance of time, it has been shown that economic thought has no clear conceptual frame of the relevance of time in its investigations. The usage of time as a context of economic processes is being discussed. Different approaches toward the future are presented. Management forecasting tools are systematized and presented as a tool for controlling and perpetuating present behavior instead of creating future behavior. Management needs to adopt a new form of the question eligible to it, as well as to adopt a new quality of the answers relevant in management science. Future development depends on the imagination and passion for creating a future behavioral pattern more than the passion for explaining and rationalizing the future as the continuity of the present behavioral pattern that management science has historically inclined to do.

classical forecasting methods; futurologz; prospective analysis; causal and historical time; anticipation

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