Strategic Decision Making

Forthcoming Entry in the Encyclopedia of Management Theory (SAGE Publications)

9 Pages Posted: 18 Mar 2015

See all articles by Felipe A. Csaszar

Felipe A. Csaszar

University of Michigan, Stephen M. Ross School of Business

Date Written: June 24, 2012

Abstract

Strategy is about making decisions -- decisions such as which industry to enter, how to position the firm and its products, which resources to develop or to buy, who to hire, and which organizational structure to use. It is no surprise, then, that much research within the strategy field has studied how strategic decisions are made and how they can be improved. The literature addressing these two questions falls under the rubric of strategic decision making (SDM). This literature focuses on the processes leading to a decision (e.g., how different opinions are taken into account) rather than on the content of the decision (e.g., which strategy framework to use to devise the firm's positioning). This entry presents some of the fundamental concepts and tools studied in the field of SDM and ways in which they might be applied by managers.

Keywords: strategic decision making, decision making structure

JEL Classification: M10

Suggested Citation

Csaszar, Felipe A., Strategic Decision Making (June 24, 2012). Forthcoming Entry in the Encyclopedia of Management Theory (SAGE Publications), Available at SSRN: https://ssrn.com/abstract=2579718 or http://dx.doi.org/10.2139/ssrn.2579718

Felipe A. Csaszar (Contact Author)

University of Michigan, Stephen M. Ross School of Business ( email )

701 Tappan Street
Ann Arbor, MI MI 48109
United States
(734) 615 4854 (Phone)

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