Strategic Problem Formulation: Biases and Assumptions Embedded in Alternative Decision-Making Models
Publication Type
Journal Article
Publication Date
1988
Abstract
This article reviews the major theoretical approaches to strategic decision-making and identifies how each treats the process of problem formulation. Five models of strategic decision-making are analysed to determine the assumptions and biases made about strategic problem formulation. Successful strategic problem formulation is described and proposed as a beginning point for future research. Some constructs for further theory development are addressed.
Discipline
Business Administration, Management, and Operations
Research Areas
Strategy and Organisation
Publication
Journal of Management Studies
Volume
25
Issue
2
First Page
131
Last Page
145
ISSN
0022-2380
Identifier
10.1111/j.1467-6486.1988.tb00028.x
Publisher
Wiley
Citation
Lyles, M. A. and Thomas, Howard.
Strategic Problem Formulation: Biases and Assumptions Embedded in Alternative Decision-Making Models. (1988). Journal of Management Studies. 25, (2), 131-145.
Available at: https://ink.library.smu.edu.sg/lkcsb_research/3922