Toronto - A book co-authored by a professor at the University of Toronto's Rotman School of Management has received the Academy of Management's George R. Terry Book Award.
Meltdown: Why Our Systems Fail and What We Can Do About It, published by Penguin Random House, is co-authored by Prof. András Tilcsik, who holds the Canada Research Chair in Strategy, Organizations, and Society at the Rotman School, and his colleague Chris Clearfield, the founder of System Logic, a boutique research and consulting firm.
In the book, the authors present an innovative and engaging account of how seemingly unconnected disasters in the nuclear, medical and transportation sectors (to name a few) share common causes. Applying leading-edge social sciences research with riveting real life stories, they explain how the increasing complexity of our systems create conditions ripe for failure and how our brains can't keep up. They also provide numerous solutions for leaders and teams on how to deal with increasing complexity in today's fast-paced world including addressing and acting on small mistakes to prevent 'meltdowns'.
The award, which was presented yesterday at the Academy's annual conference in Boston, is granted annually to the book judged to have made the most outstanding contribution to the global advancement of management knowledge during the last two years.
Profs. Ajay Agrawal, Joshua Gans and Avi Goldfarb were also finalists for the award. In their book Prediction Machines: The Simple Economics of Artificial Intelligence (Harvard Business Review Press, 2018), they address the mystery and hype surrounding the impact of AI on business. By framing AI as a simple commodity - prediction - they show how basic economic tools can be applied to reveal AI's enormous potential, and how it can be harnessed.
Academy of Management is the largest global association devoted to management and organization research, with 20,000 members from more than 120 countries across six continents. The Academy publishes six top-rated journals with the most authoritative and diverse management research findings. For more information, visit http://www.
The Rotman School of Management is part of the University of Toronto, a global centre of research and teaching excellence at the heart of Canada's commercial capital. Rotman is a catalyst for transformative learning, insights and public engagement, bringing together diverse views and initiatives around a defining purpose: to create value for business and society. For more information, visit http://www.
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