Psychological foundations of strategic management

M. P. Healey; G. P. Hodgkinson; J. McGee; T. Sammut-Bonnici

Psychological foundations of strategic management

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

IMP Business Economics

Research output: Chapter in Book/Report/Conference proceeding › Entry for encyclopedia/dictionary

Abstract

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 language	English
Title of host publication	The Blackwell Encyclopedia of Management: Strategic Management
Place of Publication	London
Publisher	John Wiley & Sons Ltd
Edition	3rd
Publication status	Published - 2013

Keywords

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

Cite this

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abstract = "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{\textquoteright} 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.",

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M3 - Entry for encyclopedia/dictionary

BT - The Blackwell Encyclopedia of Management: Strategic Management

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ER -

Psychological foundations of strategic management

Abstract

Keywords

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