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17 Uncertainty as Certaint

  • Section IIID Fundamental Uncertainty in Business and Business Decision Making
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Uncertainty and Surprise in Complex Systems

Part of the book series: Understanding Complex Systems ((UCS))

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Abstract

I am trying to make money in the biotech industry from complexity science. And I am doing it with inspiration that I picked up on the edge of Appalachia spending time with June Holley and ACEnet when I was a Wall Street Journal reporter. I took some of those ideas to Pittsburgh, in biotechnology, in a completely private setting with an economic development focus, but also with a mission t o return profit to private capital. And we are doing that. I submit as a hypothesis, something we are figuring out in the post- industrial era, that business evolves. It is not the definition of business, but business critically involves the design of systems in which uncertainty is treated as a certainty. That is what I have seen and what I have tried to put into practice.

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Reuben R. McDaniel Jr. Dean J. Driebe

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Petzinger, T. 17 Uncertainty as Certaint. In: McDaniel, R.R., Driebe, D.J. (eds) Uncertainty and Surprise in Complex Systems. Understanding Complex Systems. Springer, Berlin, Heidelberg. https://doi.org/10.1007/10948637_17

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  • DOI: https://doi.org/10.1007/10948637_17

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  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-540-23773-0

  • Online ISBN: 978-3-540-32372-3

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