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journal article Strategic Decision Processes: Comprehensiveness and Performance in an Industry with an Unstable EnvironmentThe Academy of Management Journal Vol. 27, No. 2 (Jun., 1984) , pp. 399-423 (25 pages) Published By: Academy of Management https://doi.org/10.2307/255932 https://www.jstor.org/stable/255932
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Subscribe to JPASS Unlimited reading + 10 downloads Purchase article $29.00 - Download now and later Abstract Comprehensiveness is a measure of rationality and is defined as the extent to which organizations attempt to be exhaustive or inclusive in making and integrating strategic decisions. Results from an industry with an unstable environment indicate a consistently negative relationship between comprehensiveness and performance. Limitations and extensions are discussed. Journal Information The Academy of Management Journal presents cutting edge research that provides readers with a forecast for new management thoughts and techniques. All articles published in the journal must make a strong empirical and/or theoretical contribution. All empirical methods including (but not limited to) qualitative, quantitative, or combination methods are represented. Articles published in the journal are clearly relevant to management theory and practice and identify both a compelling practical management issue and a strong theoretical framework for addressing it. For more than 40 years the journal has been recognized as indispensable reading for management scholars. The journal has been cited in such forums as The Wall Street Journal, The New York Times, The Economist and The Washington Post. The journal is published six times per year with a circulation of 15,000. Publisher Information The Academy of Management (the Academy; AOM) is a leading professional association for scholars dedicated to creating and disseminating knowledge about management and organizations. The Academy's central mission is to enhance the profession of management by advancing the scholarship of management and enriching the professional development of its members. The Academy is also committed to shaping the future of management research and education. Founded in 1936, the Academy of Management is the oldest and largest scholarly management association in the world. Today, the Academy is the professional home for more than 18290 members from 103 nations. Membership in the Academy is open to all individuals who find value in belonging. Rights & Usage This item is part of a JSTOR Collection. Making Strategic DecisionsLearn the 5 step method to help you successfully navigate the decision making process.Strategic decision making is a critical skill for effective leadership. The outcome of a leader‘s choices significantly impacts employees, customers, the market, and ultimately the success of the company. Developing such a skill requires a combination of knowledge, experience and intuition. It also requires a process to help define the problem and select the right course of action. Here is a method to help you successfully navigate the decision making process. Making Strategic Decisions — 5 Steps for Success1. Define the Problem — Consider these questions:
2. Gather Information — Seek information on how and why the problem occurred:
3. Develop and Evaluate Options — Generate a wide range of options:
4. Choose the Best Action — Select the option that best meets the decision objective:
5. Implement and Monitor the Decision — Develop a plan to implement and monitor progress on the decision:
In business (and in life), decisions can fail because the issue has not been clearly defined and alternatives have not been carefully considered. Rather than delay the decision or make one based on faulty information, this model ensures that the right problem gets solved at the right time and in the right way. For more information on this topic, as well as how Corporate Education Group can help optimize your organization's performance, contact us or call 1.800.288.7246 (US only) or +1.978.649.8200.
What are the three strategic decisions?Strategic decision making within any organization takes place on three levels. The difference between the three levels of strategy in an organization is the level at which they operate in a business. The three levels are corporate level strategy, business level strategy, and functional strategy.
Which of the following are ways to make strategic decisions?Making Strategic Decisions — 5 Steps for Success. Define the Problem — Consider these questions: ... . Gather Information — Seek information on how and why the problem occurred: ... . Develop and Evaluate Options — Generate a wide range of options: ... . Choose the Best Action — Select the option that best meets the decision objective:. What are the 5 key characteristics of a strategic decision?Strategic decision making (SOM) is of great and growing importance because of five characteristics of strategic decisions (SOs): (a) they are usually big, risky, and hard-to- reverse, with significant long-term effects, (b) they are the bridge between deliberate and emergent strategy, (c) they can be a major source of ...
What are the five steps in strategic decisionThe strategic decision-making process requires you to work through five stages:. Define the problem. It is crucially important to determine whether this is the real root of the problem, or simply a symptom of another issue. ... . Gather information. ... . Develop options. ... . Evaluate options. ... . Choose and take action.. |