Abstract
This entry aims to connect behavioural research on decision-making over a number of decades to the field of strategic management. This intersection has not been as fully developed as it could be and hence presents rich opportunities for improving strategic decision-making in and by organizations. We shall cover both individual and organizational findings using our four-phased decision framework (Russo, J.E., and Schoemaker, P.J.H. Winning decisions: Getting it right the first time. New York: Doubleday, 2002), with special links to the domain of strategic decisions. These include corporate strategic choices as well as adopting a strategic approach to making tactical and even operational decisions in organizations.
This entry was originally published on Palgrave Connect under ISBN 978-1-137-49190-9. The content has not been changed.
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Schoemaker, P.J.H., Russo, J.E. (2016). Decision-Making. In: Augier, M., Teece, D. (eds) The Palgrave Encyclopedia of Strategic Management. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-94848-2_341-1
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DOI: https://doi.org/10.1057/978-1-349-94848-2_341-1
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