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| Author: | Woiceshyn, J. |
| Title: | Lessons from "Good Minds": How CEOs use intuition, analysis and guiding principles to make strategic decisions |
| Journal: | Long Range Planning
2009 : JUN, VOL. 42:3, p. 298-319 |
| Index terms: | decision making chief executive officers strategic planning rationality cognitive processes effectiveness |
| Language: | eng |
| Abstract: | The article investigates how decision makers manage complex situations by combining rational analysis with intuition. A study of 19 oil company CEOs is the source of data. The analysis identifies two processes that the most effective CEOs use: integration by essentials (IBE) and spiralling. Besides using these two processes, the effective CEOs seemed to share three thinking-related traits: focus, motivation and self-awareness. Implications for effective decision making are presented in the conclusion. |
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