Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

Strategic thinking and decision making: literature review

Strategic thinking and decision making: literature review Purpose – The paper seeks to examine both management and psychological literature on strategic decision making. Design/methodology/approach – A review of the management and psychological literature is undertaken, with particular focus on factors affecting strategic decision making. Findings – The literature review reveals that managerial cognition as well as individual and corporate values can have an impact on strategic decision making. The review also finds that strategic competencies are important although there is no agreement within the literature on what those competencies are. Originality/value – Strategic thinking and strategic decision making have been discussed within the psychological and management literature for decades. Psychological and management theoretical perspectives and empirical research have been discussed separately and failed to consider both together. The current paper reviews both psychological and management literature to provide an understanding of the strategic thinking and decision making process and factors that may affect the process. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Strategy and Management Emerald Publishing

Strategic thinking and decision making: literature review

Loading next page...
 
/lp/emerald-publishing/strategic-thinking-and-decision-making-literature-review-krb42ajJhV
Publisher
Emerald Publishing
Copyright
Copyright © 2011 Emerald Group Publishing Limited. All rights reserved.
ISSN
1755-425X
DOI
10.1108/17554251111152261
Publisher site
See Article on Publisher Site

Abstract

Purpose – The paper seeks to examine both management and psychological literature on strategic decision making. Design/methodology/approach – A review of the management and psychological literature is undertaken, with particular focus on factors affecting strategic decision making. Findings – The literature review reveals that managerial cognition as well as individual and corporate values can have an impact on strategic decision making. The review also finds that strategic competencies are important although there is no agreement within the literature on what those competencies are. Originality/value – Strategic thinking and strategic decision making have been discussed within the psychological and management literature for decades. Psychological and management theoretical perspectives and empirical research have been discussed separately and failed to consider both together. The current paper reviews both psychological and management literature to provide an understanding of the strategic thinking and decision making process and factors that may affect the process.

Journal

Journal of Strategy and ManagementEmerald Publishing

Published: Aug 9, 2011

Keywords: Strategic thinking; Strategic decision making; Individual values and beliefs; Organizational culture; Competencies; Psychometric‐objectivist model; Strategic management

References