Implementing Strategy by Finding the Non-fit: The Cognition of Bid Opportunity Screening

Verena Stingl, Maximilian Schriewersmann, Joana Geraldi

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Abstract

While the screening and selection of business opportunities is critical to any venture, we know only little of the cognitive processes that guide this screening step. Through a novel approach, applying a qualitative methodology against the theoretical framework of simple heuristics, we explore the cognitive strategies of senior managers when screening opportunities to participate in competitive biddings. Our findings illustrate the adaptive selection of individual cognitive strategies, corroborating previous propositions from laboratory studies on the relationship between decision context and selection of cognitive strategies. The observed preference for cognitive strategies that relied on abstract, non- compensatory and risk- oriented cues contrasts prior findings on holistic, benefit- oriented opportunity screening in entrepreneurial settings. These differences trace back to the particular context of our case, concerning feedback modes and decision criteria, which are shaped by organizational behaviour and sensemaking.
Original languageEnglish
Title of host publicationAcademy of Management Proceedings
Number of pages1
Publication date2018
DOIs
Publication statusPublished - 2018
EventThe Academy of Management Annual Meeting 2018: Improving Lives - Chicago, United States
Duration: 10 Aug 201814 Aug 2018
Conference number: 78
http://aom.org/annualmeeting/

Conference

ConferenceThe Academy of Management Annual Meeting 2018
Number78
CountryUnited States
CityChicago
Period10/08/201814/08/2018
Internet address

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