Overcoming strategic persistence: Effects of multiple scenario analysis on strategic reorientation

Research Summary To thrive in an unpredictable world, managers must adapt their decision‐making to changing events. However, a major impediment to adaptation is strategic persistence, that is, the tendency to stick with previously successful strategies. We examined whether multiple scenario analysis...

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Bibliographic Details
Published in:	Strategic management journal Vol. 45; no. 8; pp. 1423 - 1445
Main Authors:	Healey, Mark P., Hodgkinson, Gerard P.
Format:	Journal Article
Language:	English
Published:	Chichester, UK John Wiley & Sons, Ltd 01.08.2024 Wiley Periodicals Inc
Subjects:	Adaptation Analysis behavioral strategy Cognitive ability Decision makers Decision making dynamic managerial capabilities Intervention managerial cognitive capabilities Managers Occupational psychology Organizational effectiveness scenario planning Simulation strategic decision‐making Strategic management Strategic planning Strategies
ISSN:	0143-2095, 1097-0266
Online Access:	Get full text
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