Zusammenfassung
This article reviews the strategic decision making literature by focusing
on the dominant paradigms–i.e., rationality and bounded rationality,
politics and power, and garbage can. We review the theory and key
empirical support, and identify emergent debates within each paradigm.
We conclude that strategic decision makers are boundedly rational,
that power wins battles of choice, and that chance matters. Further,
we argue that these paradigms rest on unrealistic assumptions and
tired controversies which are no longer very controversial. We conclude
with a research agenda that emphasizes a more realistic view of strategic
decision makers and decision making, and greater attention to normative
implications, especially among profit-seeking firms in global contexts.
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