Behavioral Strategy and the COVID-19 Disruption

Nicolai J. Foss*

*Corresponding author af dette arbejde

Publikation: Bidrag til tidsskriftLederForskningpeer review


What can strategic management research do to help to make sense of the COVID-19 disruption, and what are the implications of the disruption for the strategy field? I argue that among the streams in strategy research, behavioral strategy is uniquely situated in terms of providing a psychologically based interpretive lens that could lend great insight into decision making in extreme conditions. However, the disruption also points to weakness in current behavioral strategy thinking, notably with respect to the role of models vis-à-vis judgment in strategic decision making, the deeply social (political, institutional) nature of strategy making, and the treatment of fundamental uncertainty.
TidsskriftJournal of Management
Udgave nummer8
Sider (fra-til)1322-1329
Antal sider8
StatusUdgivet - nov. 2020

Bibliografisk note

Published online: 5. August 2020


  • Behavioral strategy
  • CEO decision making
  • Decisions under risk/uncertainty