Uncertainty and Strategic Decision Making

Kristian J. Sund|Robert J. Galavan|Anne Sigismund Huff
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Hardback
9781786351708
14 November 2016
$156.99
eBook (PDF)
9781786351692
14 November 2016
$156.99

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The study of management and organization has transitioned from approaches to deal with steady state management, to approaches that can cope with unknown or unknowable futures. The strategy field has has moved from business policy, through strategic planning, onto strategic management and now grapples with dynamic contexts as the new normal. In that trend the field has seen a broad movement in research interests in corporate and competitive strategies towards an emphasis on the manager’s strategic role. Through this shift, strategy has moved from a concept of something organizations have towards something that managers do. This has happened while traditional boundaries of industries have become permeable and even melted away. Managers tasked with doing strategy have lost not just the certainty of a goal-oriented future, but also the certainty of understanding their current position. Decision-making tools have now moved from answer generators to scenario builders. When decisions can rely less on evidence and certainty, it is managers that take up the slack and fill the void. This book focuses on the challenge of making strategic decisions in conditions of uncertainty.

Introducing New Horizons in Managerial and Organizational Cognition 1. A Conversation on Uncertainty in Managerial and Organizational Cognition - Anne Sigismund Huff, Frances J. Milliken, Gerard P. Hodgkinson, Robert J. Galavan and Kristian J. Sund 2. When Shared Frames Become Contested: Environmental Dynamism and Capability (Re)Configuration as a Trigger of Organizational Framing Contests - Peter Altmann 3. How Recursive Dialogue Frames and Reframes Technological Change - Alesia Slocum, Anne Sigismund Huff and Julia Balogun 4. The “how” of Multiple Leader Sensegiving and Strategic Change - Karl S. J. Anderson and Robert J. Galavan 5. A Test of Perceptual Accuracy and Overconfidence in a Strategic Issue Context - Kristian J. Sund 6. The Complexity of Simple Rules in Strategic Decision Making: Toward an Understanding of Organizational Heuristics - Tatjana V. Kazakova and Daniel Geiger 7. Making Space for Intuition in Decision-Making: The Case of Project Prioritization - Ioanna D. Constantiou, Arisa Shollo and Morten Thanning Vendelø 8. The Effect of Organizational Performance Feedback on Team Attention Focus - Gerardus J. M. Lucas, Marius H. M. Zijlmans, Marius T. H. Meeus and Daniela P. Blettner 9. Public Sector Leaders as Early Detectors of Crises: The Role of Mental Models, Expertise and Development - Richard T. Marcy and Ottilia Berze Author Biographies Index

    This book gathers the latest work on the role of uncertainty in managerial and organizational cognition and decision making. International contributors bring perspectives from information technology, economics, strategic communications, and management. There is special focus on heuristics, or frameworks and models for decision making, especially dialogue frames. Ideas discussed include the role of intuition in decision making, managerial biases, and strategic change.

    - Annotation ©2017
    Kristian J. Sund, Roskilde University, Denmark Robert J. Galavan, National University of Ireland, Maynooth, Ireland Anne Sigismund Huff, National University of Ireland, Maynooth, Ireland