Academy of Strategic Management Journal (Print ISSN: 1544-1458; Online ISSN: 1939-6104)


The Management of Entropy: Behavior Dichotomy of Economic Actor

Author(s): Vadim F. Islamutdinov, Lenar N. Salimov, Vladimir M. Kurikov, Nailya A. Gareeva

The paper attempts to summarize the achievements in the field of using entropy terminology and methodology in economic research. It exposes the dynamics of thermodynamic and information entropy in economy and management. It reveals the triple dichotomy of entropy of economic actors and introduces the concepts of personal entropy, public entropy, objective entropy, and subjective entropy into scientific discourse. It determines the relationships between the kinds of entropy of economic actors and how they become apparent.

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