Uncertainty and Strategic Decision Making

The field of managerial and organizational cognition is devoted to understanding individual, relational, and collective cognition in organizational contexts. At a strategic level, uncertainty presents an uneasy tension between the need to make long-term investments and the risk that uncertainty brings to that endeavor. Our interest in this text is focused on how managers and organizations perceive and deal with strategic uncertainty and the impact this has on decision making. This is an evolving field and perceived uncertainty is now theorized as a multidimensional construct, which, in the context of strategic decision making, involves much more than rational evaluations and risk trade-off in uncertain futures. This book captures some of the rich research that is pushing the boundaries of our understanding of cognition in these areas. The chapters in this book visit a range of recent theoretical advances in our understanding of strategic uncertainty. These contributions present an exciting collection of theoretic issues and empirical methods as opportunities for further meaningful research. Book jacket.