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Deep uncertainty effects on managerial perceptions: the case of UK firms in the context of Brexit

Deep uncertainty effects on managerial perceptions: the case of UK firms in the context of Brexit

Rauseo, Sterling ORCID: 0000-0002-5597-0771, Costanzo, Laura and Baruch, Yehuda (2019) Deep uncertainty effects on managerial perceptions: the case of UK firms in the context of Brexit. In: Academy of Management Annual Meeting Proceedings. Academy of Management, Boston, USA. ISSN 0065-0668 (Print), 2151-6561 (Online) (doi:https://doi.org/10.5465/AMBPP.2019.13804abstract)

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Abstract

Deficiency in information around Brexit has produced tremendous uncertainty. Our study employs perceived environmental uncertainty (PEU) composite-view and directional (state to effect to response) theoretical lens to investigate, through interviews, the impact of information on UK-based senior managers (SMs) and middle-managers (MMs) in understanding and responding to Brexit. Findings reveal the presence of ‘deep uncertainty’ characterized by information deficiency, which reduces the ability to agree on the condition, factors and responses to Brexit and results in pervasive sensemaking. Our findings reveal the suspension of the composite- view and directional flow of PEU. We highlight the implications for strategic decision-making under deep uncertainty: the predominance of sensemaking; strategies need to be agile, responsive and flexible; and SMs/MMs differences in a context of deep uncertainty require trustworthy and deliberate SMs sensemaking and sensegiving to MMs.

Item Type: Conference Proceedings
Title of Proceedings: Academy of Management Annual Meeting Proceedings
Uncontrolled Keywords: perceived environmental uncertainty, deep uncertainty, information, sensemaking, Brexit
Subjects: H Social Sciences > HD Industries. Land use. Labor
H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Faculty / School / Research Centre / Research Group: Faculty of Business
Faculty of Business > Centre for Work and Employment Research (CREW)
Faculty of Business > Department of Human Resources & Organisational Behaviour
Last Modified: 26 Oct 2021 08:48
Selected for GREAT 2016: None
Selected for GREAT 2017: None
Selected for GREAT 2018: None
Selected for GREAT 2019: None
Selected for REF2021: None
URI: http://gala.gre.ac.uk/id/eprint/34207

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