InfoSys 2025 Congress
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March 09, 2025 to March 13, 2025 - Lisbon, Portugal

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DataSys 2025 Congress
April 06, 2025 to April 10, 2025 - Valencia, Spain

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April 06, 2025 to April 10, 2025 - Valencia, Spain

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NexComm 2025 Congress
May 18, 2025 to May 22, 2025 - Nice, France

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May 18, 2025 to May 22, 2025 - Nice, France

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IARIA Congress 2025, The 2025 IARIA Annual Congress on Frontiers in Science, Technology, Services, and Applications
July 06, 2025 to July 10, 2025 - Athens, Greece

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July 06, 2025 to July 10, 2025 - Athens, Greece

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September 28, 2025 to October 02, 2025 - Lisbon, Portugal

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SoftNet 2025 Congress
September 28, 2025 to October 02, 2025 - Lisbon, Portugal

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  • VALID 2025, The Seventeenth International Conference on Advances in System Testing and Validation Lifecycle
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SocSys 2025 Congress
October 26, 2025 to October 30, 2025 - Barcelona, Spain

NetWare 2025 Congress
October 26, 2025 to October 30, 2025 - Barcelona, Spain

  • SENSORCOMM 2025, The Nineteenth International Conference on Sensor Technologies and Applications
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  • SECURWARE 2025, The Nineteenth International Conference on Emerging Security Information, Systems and Technologies
  • AFIN 2025, The Seventeenth International Conference on Advances in Future Internet
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  • ICQNM 2025, The Nineteenth International Conference on Quantum, Nano/Bio, and Micro Technologies
  • FASSI 2025, The Eleventh International Conference on Fundamentals and Advances in Software Systems Integration
  • GREEN 2025, The Tenth International Conference on Green Communications, Computing and Technologies
  • HEALTHINFO 2025, The Tenth International Conference on Informatics and Assistive Technologies for Health-Care, Medical Support and Wellbeing

TechWorld 2025 Congress
October 26, 2025 to October 30, 2025 - Barcelona, Spain

 


ThinkMind // SIMUL 2020, The Twelfth International Conference on Advances in System Simulation // View article simul_2020_2_20_58008


On the Effectiveness of Minisum Approval Voting in an Open Strategy Setting: An Agent-Based Approach

Authors:
Joop van de Heijning
Stephan Leitner
Alexandra Rausch

Keywords: Open Strategy; minisum approval voting; strategy as a practice; NK model; agent-based modeling

Abstract:
This work researches the impact of including a wider range of participants in the strategy-making process on the performance of organizations, which operate in either moderately or highly complex environments. Agent-based simulation demonstrates that the increased number of ideas generated from larger and diverse crowds and subsequent preference aggregation lead to the rapid discovery of higher peaks in the organization's performance landscape. However, this is not the case when the expansion in the number of participants is small. The results confirm the most frequently mentioned benefit in the Open Strategy literature: the discovery of better-performing strategies.

Pages: 42 to 47

Copyright: Copyright (c) IARIA, 2020

Publication date: October 18, 2020

Published in: conference

ISSN: 2308-4537

ISBN: 978-1-61208-831-0

Location: Porto, Portugal

Dates: from October 18, 2020 to October 22, 2020

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