Behavioral Strategy and the COVID-19 Disruption

Nicolai J. Foss*

*Corresponding author for this work

Research output: Contribution to journalEditorialResearchpeer-review

Abstract

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.
Original languageEnglish
JournalJournal of Management
Volume46
Issue number8
Pages (from-to)1322-1329
Number of pages8
ISSN0149-2063
DOIs
Publication statusPublished - Nov 2020

Bibliographical note

Published online: 5. August 2020

Keywords

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

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