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Factors Associated With Creative Strategic Decisions
Authors
James W. Dean
Cameron M. Ford
Mark P. Sharfman
Publication date
1 January 2008
Publisher
'Information Bulletin on Variable Stars (IBVS)'
Abstract
The study and practice of business strategy is fundamentally based on employing creative solutions to differentiate a firm from its competitors. Theories used to describe the causes and consequences of strategic differentiation tend to focus on organization-level characteristics such as resources, capabilities and structures. However, less is known about day-to-day processes and practices whereby strategic managers develop create solutions necessary to establish strategic differentiation. This paper presents a preliminary field study of factors suggested by previous strategy process and micro-strategy research that may lead to, and result from, creative strategic decisions. Findings produced by a longitudinal field study of 52 strategic decisions reveal that creative strategic choices arise in response to managers’ perceptions of uncertainty and competition. The findings also suggest that creativity may improve the ultimate effectiveness of strategic choices by 5-10 per cent. © 2008 The Authors
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Last time updated on 18/10/2022