Strategic Decision Processes: Critical Review and Future Directions

Abstract

This article develops an integrative framework of strategic decision processes based on a review of the past literature. The framework incorporates environmental, organizational, and decision-specific antecedents of process characteristics, and their process and economic outcomes. Key empirical studies are reviewed in the context of the framework and major patterns and contradictions are identified. Based on this review, useful implications for theory building, research methods and managerial practice are identified and several directions for future research are presented.