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| Author: | Mitchell, J. R. Shepherd, D. A. Sharfman, M. P. |
| Title: | Erratic strategic decisions: when and why managers are inconsistent in strategic decision making |
| Journal: | Strategic Management Journal
2011 : JUL, VOL. 32:7 p. 683-704 |
| Index terms: | decision making chief executive officers strategic planning management problem solving executives working conditions organizational behaviour choice theory |
| Language: | eng |
| Abstract: | This study takes a psychological perspective of judgment to examine managers' erratic strategic decisions. In a research of 2,048 decisions made by 64 CEOs of technology companies, it is investigated how both metacognitive experience and perceptions of the external environment affect the extent to which managers make erratic strategic decisions. The findings show that managers with greater metacognitive experience make less erratic strategic decisions. The findings also show that in hostile environments managers make more erratic strategic decisions. |
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