Responding to information asymmetry in crisis situations: innovation in the time of the COVID-19 pandemic
Responding to information asymmetry in crisis situations: innovation in the time of the COVID-19 pandemic
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DOI:
10.1080/14719037.2021.1960737
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发表时间:
2021-08
影响因子:
4.9
通讯作者:
W. Phillips;J. Roehrich;Dharm Kapletia
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文献类型:
--
作者:
W. Phillips;J. Roehrich;Dharm Kapletia
ABSTRACT Crises test the resilience of public service organizations. Healthcare providers must respond and innovate within tight constraints to address challenges. Presenting COVID-19 as a knowable unknown (black swan event), we adopt information processing theory to investigate how healthcare providers and their suppliers address information asymmetry to support decision-making. Building on primary and secondary datasets, we demonstrate managers were innovating internal structural responses. For black swan events, in-house ‘intelligent clients’ are intrinsic not only in managing information uncertainty associated with early stages of the crisis, but also in addressing information equivocality and joint decision-making with other organizations associated with implementing solutions.