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Uncertainty and Strategic Decision Making

Anne Sigismund Huff editor Kristian J Sund editor Robert J Galavan editor

Format:Hardback

Publisher:Emerald Publishing Limited

Published:14th Nov '16

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Uncertainty and Strategic Decision Making cover

The study of management and organization has transitioned from approaches to deal with steady state management, to approaches that can cope with unknown or unknowable futures. The strategy field has has moved from business policy, through strategic planning, onto strategic management and now grapples with dynamic contexts as the new normal. In that trend the field has seen a broad movement in research interests in corporate and competitive strategies towards an emphasis on the manager’s strategic role. Through this shift, strategy has moved from a concept of something organizations have towards something that managers do. This has happened while traditional boundaries of industries have become permeable and even melted away. Managers tasked with doing strategy have lost not just the certainty of a goal-oriented future, but also the certainty of understanding their current position. Decision-making tools have now moved from answer generators to scenario builders. When decisions can rely less on evidence and certainty, it is managers that take up the slack and fill the void. This book focuses on the challenge of making strategic decisions in conditions of uncertainty.

This book gathers the latest work on the role of uncertainty in managerial and organizational cognition and decision making. International contributors bring perspectives from information technology, economics, strategic communications, and management. There is special focus on heuristics, or frameworks and models for decision making, especially dialogue frames. Ideas discussed include the role of intuition in decision making, managerial biases, and strategic change. -- Annotation ©2017 * (protoview.com) *

ISBN: 9781786351708

Dimensions: 229mm x 152mm x 19mm

Weight: 435g

248 pages