WSEAS Transactions on Business and Economics
Print ISSN: 1109-9526, E-ISSN: 2224-2899
Volume 20, 2023
Adaptation based on Value-Generating Decision Making
Authors: , , , ,
Abstract: This article aims to explain how economic processes have been developed through purely linear techniques, deeply affecting development at the business level. This is because economics is a normal science that has standardized and quantified growth, development, and value generation, evidencing a substantial gap. This has motivated the development of the present manuscript, whose value proposition lies in articulating the creation and development of the economy through the effective and positive adaptation of human capital through making optimal decisions in the complex environment, which allows generating tangible and intangible multidimensional value—recognizing a new approach based on tangible and intangible assets that allow knowledge to develop and transform it into value. Thus, the essence of this manuscript lies in the review of literature, which helps to articulate antecedents that evidence the linearity of the production function that sustains the classical economy, providing thus literature that allows deconstructing linear models and building value-generating systems (agents or organizations) emphasizing human capital as decision-makers which generate value through emotional intelligence and resilience.
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Pages: 475-484
DOI: 10.37394/23207.2023.20.43