Psychological foundations of strategic management

M. P. Healey, G. P. Hodgkinson, J. McGee (Editor), T. Sammut-Bonnici (Editor)

Research output: Chapter in Book/Report/Conference proceedingEntry for encyclopedia/dictionary


The psychology of strategic management draws inspiration from the behavioural sciences to understand why firms act in particular ways. This approach directs attention to how managers’ mental processes influence strategic action. Rather than assuming that strategizing is objectively or even intendedly rational, a psychological approach holds that strategy formulation and implementation are always exercised within the bounds of human cognitive limitations and that strategic action often reflects subjective perceptions, judgments and goals as much as objective analysis or normatively valued choice.
Original languageEnglish
Title of host publicationThe Blackwell Encyclopedia of Management: Strategic Management
Place of PublicationLondon
PublisherJohn Wiley & Sons Ltd
Publication statusPublished - 2013


  • Cognition, decision making, managerial and organizational cognition, strategy formulation, strategic leadership


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