Strategic Decision Biases and Decision Making Principles

Xiu-bao Yu ()
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Xiu-bao Yu: Tongji University

Chapter Chapter 7 in The Fundamental Elements of Strategy, 2021, pp 101-119 from Springer

Abstract: Abstract This article, through some examples, introduces a few types of biases in strategic decisions and the reasons for their biases. It proposes a strategic decision tendentious model on the basis of consideration of internal and external situations. Three important principles that ought to be complied with in the strategic decision makings are proposed and introduced.

Keywords: Internally blind strategic decision; Externally blind strategic decision; Dually blind strategic decision; Integrated strategic decision; Strategic decision making principles (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:mgmchp:978-981-33-4713-7_7

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DOI: 10.1007/978-981-33-4713-7_7

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