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Author:Nutt, P. G.
Title:Making Strategic Choices
Journal:Journal of Management Studies
2002 : JAN, VOL. 39:1, p. 67-96
Index terms:STRATEGIC MANAGEMENT
STRATEGIC PLANNING
STRATEGY
DECISION MAKING
DECISION ANALYSIS
Language:eng
Abstract:J. D. Thompson's model of strategic choice selects a decision approach according to the demands of the decision task. This paper reports on an investigation of the value of the prescriptions in this model. Using strategic decisions made in the United States and Canada, the frequency of use and success realized when analysis, judgment, bargaining, and inspiration were used to make strategic choices were identified. Decisions that followed the prescriptions, such as using analysis when called for, were more apt to be successful. Decisions that did not follow the prescriptions were much less successful and were noted in nearly six of ten strategic decisions.
SCIMA record nr: 235735
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