Cognitive Leadership and Coordination in the Knowledge Economy

Nicolai J. Foss

in Strategy, Economic Organization, and the Knowledge Economy

Published in print February 2005 | ISBN: 9780199240647
Published online April 2005 | e-ISBN: 9780191602177 | DOI:
 Cognitive Leadership and Coordination in the Knowledge Economy

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This chapter argues that coordination games provide important lessons for studying organizational phenomena and help illuminate aspects of strategy in a networked knowledge economy. It presents a notion of leadership linked to cognitive notions of leadership, wherein the ‘inculcation of beliefs’ is central, but is founded on rational-choice methodology and draws upon simple ideas in game theory. It suggests that leadership is an important member of a set of institutions for resolving coordination problems.

Keywords: cognitive leadership; strategy; knowledge economy; coordination games

Chapter.  13318 words.  Illustrated.

Subjects: Economic Systems

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