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Strategic Decision-Making

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The Palgrave Encyclopedia of Strategic Management

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Abstract

Strategic decision-making is the process of developing and putting into action choices that will influence the long-term welfare of the organization. These choices often involve major organizational change and large resource commitments that are difficult to reverse once they are implemented. Strategic decision-making reflects decision makers’ experience, the positions they occupy and their organizational environment. Work on improving strategic decision-making has focused on the content of decision outcomes and the process that produces these outcomes. Strategic decision-making takes place within a context defined by the organization’s strategy and varies according to the extent to which this strategy is a deliberate, as opposed to an emergent, process.

This entry was originally published on Palgrave Connect under ISBN 978-1-137-49190-9. The content has not been changed.

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Author information

Authors and Affiliations

  1. Faculty of Management, Cass Business School, City University, 106 Bunhill Row, EC1Y 8TZ, London, UK

    Joseph Lampel

Authors
  1. Joseph Lampel
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Correspondence to Joseph Lampel .

Editor information

Editors and Affiliations

  1. Stanford University , Stanford, California, USA

    Mie Augier

  2. Tusher Ctr Intellectual Capital, University of California Tusher Ctr Intellectual Capital, Berkeley, California, USA

    David J. Teece

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© 2016 The Author(s)

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Lampel, J. (2016). Strategic Decision-Making. In: Augier, M., Teece, D. (eds) The Palgrave Encyclopedia of Strategic Management. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-94848-2_595-1

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  • DOI: https://doi.org/10.1057/978-1-349-94848-2_595-1

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  • Publisher Name: Palgrave Macmillan, London

  • Online ISBN: 978-1-349-94848-2

  • eBook Packages: Springer Reference Business and ManagementReference Module Humanities and Social SciencesReference Module Business, Economics and Social Sciences

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