Digital “x”: Beyond Bounded Rationality, Toward a Theory of Bounded Imagination

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Abstract

Digital is increasingly affixed to known concepts across different management disciplines – for example digital innovation, digital disruption digital strategy – in essence digital “x”. We advance the theory of bounded imagination as a conceptual lens for illuminating conceptualization of digital “x”, and a delineation between digital from digitization and digital from digitalization. We specifically argue that the advances in digitization has largely diminished the core challenges of bounded rationality (time, knowledge, and resources). However, the next cognitive frontier is bounded imagination, which is the challenge for digitalization. The proposed theory of bounded imagination provides conceptual clarity for engaging with the digital “x” phenomenon in future research. We further articulate the implications for innovation managers by outlining bounded imagination milestones for digitalization.
Original languageEnglish
Publication dateJun 2019
Number of pages12
Publication statusPublished - Jun 2019
EventISPIM Innovation Conference – , Florence, Italy on 16-19 June 2019.: Celebrating Innovation: 500 Years Since daVinci - Florence, Italy
Duration: 16 Jun 201919 Jun 2019
Conference number: XXX

Conference

ConferenceISPIM Innovation Conference – , Florence, Italy on 16-19 June 2019.
NumberXXX
CountryItaly
CityFlorence
Period16/06/201919/06/2019

Cite this

Rosenstand, C. A. F., & Baiyere, A. (2019). Digital “x”: Beyond Bounded Rationality, Toward a Theory of Bounded Imagination. Paper presented at ISPIM Innovation Conference – , Florence, Italy on 16-19 June 2019., Florence, Italy.
Rosenstand, Claus Andreas Foss ; Baiyere, Abayomi. / Digital “x” : Beyond Bounded Rationality, Toward a Theory of Bounded Imagination. Paper presented at ISPIM Innovation Conference – , Florence, Italy on 16-19 June 2019., Florence, Italy.12 p.
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Rosenstand, CAF & Baiyere, A 2019, 'Digital “x”: Beyond Bounded Rationality, Toward a Theory of Bounded Imagination', Paper presented at ISPIM Innovation Conference – , Florence, Italy on 16-19 June 2019., Florence, Italy, 16/06/2019 - 19/06/2019.

Digital “x” : Beyond Bounded Rationality, Toward a Theory of Bounded Imagination. / Rosenstand, Claus Andreas Foss; Baiyere, Abayomi.

2019. Paper presented at ISPIM Innovation Conference – , Florence, Italy on 16-19 June 2019., Florence, Italy.

Research output: Contribution to conference without publisher/journalPaper without publisher/journalResearchpeer-review

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AU - Baiyere, Abayomi

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AB - Digital is increasingly affixed to known concepts across different management disciplines – for example digital innovation, digital disruption digital strategy – in essence digital “x”. We advance the theory of bounded imagination as a conceptual lens for illuminating conceptualization of digital “x”, and a delineation between digital from digitization and digital from digitalization. We specifically argue that the advances in digitization has largely diminished the core challenges of bounded rationality (time, knowledge, and resources). However, the next cognitive frontier is bounded imagination, which is the challenge for digitalization. The proposed theory of bounded imagination provides conceptual clarity for engaging with the digital “x” phenomenon in future research. We further articulate the implications for innovation managers by outlining bounded imagination milestones for digitalization.

M3 - Paper without publisher/journal

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Rosenstand CAF, Baiyere A. Digital “x”: Beyond Bounded Rationality, Toward a Theory of Bounded Imagination. 2019. Paper presented at ISPIM Innovation Conference – , Florence, Italy on 16-19 June 2019., Florence, Italy.