Responsive Decision-Making: Following the Swings of a Pendulum

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    Abstract

    Strategic decision making remains a focal point in the strategy field, but despite decades of rich conceptual and empirical research we still seem distant from a level of understanding that can guide corporate practices effectively under turbulent and unpredictable environmental conditions. Hence, the aim of this study is to gain deeper insights into the complex and multifaceted decision processes that take place in large complex organizations operating in dynamic high-velocity markets. It is proposed that the ability to obtain faster, more accurate and updated insights about ongoing environmental developments and feeding that information into strategic decisions will enable higher quality outcomes and better adaptive responses for persistent performance. Thus we review relevant parts of the strategic decision making literature to conceptualize the responsive decision making model and propose a study to validate the approach.
    Original languageEnglish
    Publication date2014
    Number of pages7
    Publication statusPublished - 2014
    EventSMS Special Conference Sydney: Strategic Management in the Asian Century: Dealing with Dynamism, Diversity and Development - Sydney, Australia
    Duration: 6 Dec 20148 Dec 2014
    http://sydney.strategicmanagement.net/

    Conference

    ConferenceSMS Special Conference Sydney
    CountryAustralia
    CitySydney
    Period06/12/201408/12/2014
    Internet address

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