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Cognitive simplification processes in strategic decision‐making

Cognitive simplification processes in strategic decision‐making Strategic decision‐making can be viewed as a special kind of decision‐making under uncertainty. Such decision‐making involves the activities of goal formulation, problem identification, alternatives generation, and evaluation/selection. Researchers in cognitive psychology and behavioural decision theory have identified a number of cognitive simplification processes which may affect the way decision‐makers perform these tasks. Within this paper, the research on these processes is summarized and their possible effects on strategic decision‐making are discussed. Implications for future research in this area are also drawn. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Strategic Management Journal Wiley

Cognitive simplification processes in strategic decision‐making

Strategic Management Journal , Volume 5 (2) – Apr 1, 1984

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References (48)

Publisher
Wiley
Copyright
Copyright © 1984 John Wiley & Sons, Ltd.
ISSN
0143-2095
eISSN
1097-0266
DOI
10.1002/smj.4250050203
Publisher site
See Article on Publisher Site

Abstract

Strategic decision‐making can be viewed as a special kind of decision‐making under uncertainty. Such decision‐making involves the activities of goal formulation, problem identification, alternatives generation, and evaluation/selection. Researchers in cognitive psychology and behavioural decision theory have identified a number of cognitive simplification processes which may affect the way decision‐makers perform these tasks. Within this paper, the research on these processes is summarized and their possible effects on strategic decision‐making are discussed. Implications for future research in this area are also drawn.

Journal

Strategic Management JournalWiley

Published: Apr 1, 1984

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