A Summing up: The Challenge of Strategic Decision Making

Chapter
Part of the Decision Engineering book series (DECENGIN)

Abstract

The concluding Chap. 8 “A summing up: The challenge of strategic decision making” first reiterates some of the main concepts of systemic planning (SP), and afterwards ten cases where SP has been applied are reviewed. This forms the background for a subsequent assessment of the validity and potential of the SP framework. Afterwards complex strategic choices are put into a wider context, where issues about ‘known and unknown’ and risk-related Black Swan theory as developed by the American risk theorist and analyst Nassim Taleb are made use of to indicate what types of challenges organisations and companies may face with regard to long-term planning and complex strategic decision making. Finally some conclusions are presented together with a developmental perspective on SP. Among other things, it is stated that SP may be relevant as an approach to deal with strategic decision making related to issues of corporate social responsibility and issues of sustainability. Both issues represent important current strategic decision making challenges of a complex nature where a systemic approach like SP may be worthwhile to make use of.

Keywords

Corporate Social Responsibility Analytic Hierarchy Process Systemic Planning Strategic Decision Soft System Methodology 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag London 2012

Authors and Affiliations

  1. 1.Department of TransportTechnical University of DenmarkKgs. LyngbyDenmark

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