SnO events

7 June 2010

SnO Summer School: Medici II Edition on Managing Rare Events and Learning from the Unexpected

  • When: 07/06/2010 - 11/06/2010
  • Where: Florence, Italy

The 2010 Medici Summer School was held in La Pietra International Conference and Events Center in Florence. 25 PhD students from various universities including Oxford, Cambridge, NYU, McGill, LBS, Bologna, and HEC, among others, attended the school. This year’s focus was on the role that “unexpected events” play in organizational functioning. The discussionsrevolved around two key questions: How do unexpected events affect, and get shaped by,organizations? How can managers learn from and manage unexpected events? Starting witha discussion on the notion of rare events and their meaning for research on strategy andorganizations, the summer school continued with the application of econometric models torare events and examined how these models fare in the presence of rare events. The focusthen shifted to the cognitive aspects of rare events, and how managerial interpretationmattered. Finally, the current state of research on rare events and possible avenues forfuture research on the subject was explored.

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