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The role of collective decision-making in addressing major challenges

GSEM Professor Tina Ambos, along with Tiffany Grabski-Walls, Research Fellow at the Center for Innovation and Partnerships co-authored an article published in the Journal of Management Studies. The authors explore how collective decision-making and hybrid approaches can address major global challenges.

Their study emphasizes the importance of integrating diverse strategies to solve complex issues such as climate change and inequality. By analyzing various case studies, they highlight how collaboration across sectors and cultures can lead to innovative solutions. The authors conclude that managing hybridity effectively is key to overcoming these challenges and fostering sustainable development.

ABSTRACT

Hybrid organizing offers new ways to address grand challenges by balancing profit and sustainability. However, current research on hybridity focuses mainly on individual organizations, while grand challenges involve complex networks of interconnected yet independent actors. This paper introduces a new perspective on hybridity showing how single organizations engage others to enable collective solutions. Through the lens of orchestration, we uncover the role of three Latin American stock exchanges in driving collective hybridity in a qualitative process study. Our multi-level model reveals the sequential activities of an orchestrator – catalysing, brokering, and building – and a process of collective tension management. We extend theory on how organizations can engage an entire ecosystem to adopt hybridity and how hybrid organizing can drive large-scale solutions to grand challenges.

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The study is available here:

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