A Formal Description Model for Business Innovation Case

Abstract

We propose a formal model for describing managerial decision processes in cases of businessinnovation. This formal model named Managerial Decision-making Description Model (MDDM) consistsof three kinds of components, an environment, a business structure and an agent's decision. The businessinnovation is represented as a business structure transition, in which the agents redefine theobjective-resources pairs in the business structure. We show that the MDDM describes actual businesscases and compares their similarities and differences. We also consider the MDDM application to casebased analysis on organizational simulation and business gaming.