Is Comprehensiveness in Making Strategic Decisions always Helpful?
By Sasanka Chanda, Sougata Ray
Australian Journal of Management | November 2023
Australian Journal of Management | November 2023
DOI
doi.org/10.1177/03128962231201497
Citation
Chanda, Sasanka., Ray, Sougata. (2022). Is Comprehensiveness in Making Strategic Decisions always Helpful? Australian Journal of Management doi.org/10.1177/03128962231201497.
Copyright
Australian Journal of Management, 2022
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Abstract
Extant research provides incongruous answers to the question whether higher comprehensiveness in making strategic decisions is always desirable. To motivate a resolution, we study outcomes of decision-comprehensiveness by modeling strategic decision-making as an emergent process, accomplished through learning by managers over time for organizations focusing on exploration or exploitation, over short or long time-horizons, in stable and changing environments. Three out of the eight resultant scenarios favor higher comprehensiveness, two favor lower comprehensiveness. The remaining three scenarios call for a more nuanced consideration of the comprehensiveness construct. Our research enriches managerial decision-making by highlighting circumstances where higher comprehensiveness is harmful or otherwise