Models of Strategic Decision-Making under Informational Control

Strategic control in decision-making under uncertainty.

Complex economic decisions - whether investing money for retirement or purchasing some new electronic gadget - often involve uncertainty about the likely consequences of our choices. Critical for resolving that uncertainty are strategic meta-decision processes, which allow people to simplify complex decision problems, evaluate outcomes against a variety of contexts, and flexibly match behavior ...

Flexibility in Strategic Decision Making: Informational and Ideological Perspectives*

Adaptation is a crucial challenge for organizations, and an important theme in the strategy and organization theory literature. We still have much to learn, however, about the strategic processes by which adaptation is achieved. In this paper we focus on a basic element in the adaptation process, i.e. ̄exibility within the strategic decision-making process. We concentrate on strategic decisions...

Strategic Decision Making: Process, Models, and Theories

Complex systems models for strategic decision making

A number of simulation techniques may be applied to strategy and decision-making. In using such techniques it is important to understand the role of models, in the context of the wider decision-making process which is largely a communal and political process; the choice of a particular approach or technique depends not only on the type of decision being considered, but also on the stage of the ...

Making Informational Models Operational

The cost and schedule required to design and develop modern computer based systems has grown dramatically over the past decade. Advanced system engineering development methods and automation techniques are required to manage the complexity inherent in the design of large complex computer based systems to provide an efficient means for evaluating various requirements options. OML is an approach,...