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J.-C. Spender’s award-winning, knowledge-based theory of the firm is based on four premises: (1) The firm can be sufficiently understood as a system of knowledge, (2) explicit and implicit knowing can be clearly dissociated, (3) organizations are conceived as cognizing entities, and (4) intuition shaped by shared cultural practices is a superior source of managerial knowledge. This line of reasoning...
Managers' thinking is based on a mental model developed over years. Elements of this model are derived from the experience, observation and rules referring to the market phenomena. There are also numerous areas of ignorance and uncertainty. Even the important features of the distant future are only hypothetical. In order to get rid of the uncertainty managers use intuitive thinking. It contains the...
A theory of how connections between working memory and cognitive functions of the cerebellum lead to mathematical discovery is presented. It is proposed that (a) patterns of repetitious working memory processing are learned in the cerebellum, and (b) when these cerebellar patterns are subsequently fed back to control processing in working memory, they are learned in visuospatial imagery and language...
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