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Empirically derived models of strategic decision‐making processes
Author(s) -
Shrivastava Paul,
Grant John H.
Publication year - 1985
Publication title -
strategic management journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 11.035
H-Index - 286
eISSN - 1097-0266
pISSN - 0143-2095
DOI - 10.1002/smj.4250060202
Subject(s) - knowledge management , strategic thinking , strategic planning , management science , business , strategic management , strategic alignment , strategic choice theory , process management , decision support system , computer science , strategic financial management , strategic control , marketing , artificial intelligence , economics
This paper reports on an empirical study of strategic decision‐making processes and organizational learning in 32 business organizations facing complex environments. The decision processes were found to vary in four prototypical patterns described here as the strategic decision‐making models. These models are proposed as an initial step towards the development of a taxonomy of strategic decision processes. The relationships between strategic decision‐making models and organizational learning systems that support them are explored. These models may help researchers to conceptualize and practitioners to manage strategy formulation processes in organizations.