A Psychological Approach to Entrepreneurship
Selected Essays of Dean A. Shepherd
Dean A. Shepherd
Chapter 21: Erratic Strategic Decisions: When and Why Managers are Inconsistent in Strategic Decision Making
J. Robert Mitchell, Dean A. Shepherd and Mark P. Sharfman
Extract
Strategic decisions are those choices made by managers that commit important resources, set important precedents, and/or direct important firm-level actions(Mintzberg, Raisinghani, and Th´eoröet, 1976).They are the decisions that shape a firm’s general direction (Dean and Sharfman,1996).
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