AN EXPLORATORY STUDY OF STRATEGIC FAILURE

THE AUTHOR REPORTS UPON STRATEGIC DECISIONS OR PLANS THAT LED TO FAILURE IN LARGE-SCALE ORGANIZATIONS. THE INITIAL STUDY WAS DESIGNED AS EXPLORATORY. THE CONCLUSIONS REACHED ARE REPORTED AS HYPOTHESES, AND HOPEFULLY MAY BE THE BASES FOR COMPARATIVE EXPERIMENTAL DESIGNS. THE DEGREE OF BIAS OR NONOBJE...

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Bibliographic Details
Published in:Academy of Management journal 1973-08, p.40
Main Author: Richards, Max D
Format: Article
Language:English
Subjects:
Corporate
Dogmatism
Failure
Optimism
Strategic
Studies
Online Access:Get full text
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Summary:THE AUTHOR REPORTS UPON STRATEGIC DECISIONS OR PLANS THAT LED TO FAILURE IN LARGE-SCALE ORGANIZATIONS. THE INITIAL STUDY WAS DESIGNED AS EXPLORATORY. THE CONCLUSIONS REACHED ARE REPORTED AS HYPOTHESES, AND HOPEFULLY MAY BE THE BASES FOR COMPARATIVE EXPERIMENTAL DESIGNS. THE DEGREE OF BIAS OR NONOBJECTIVITY IN BOTH INFORMATION SEEKING AND EVALUATION IS DIRECTLY RELATED TO EXECUTIVE ATTITUDES OF OPTIMISM AND DOGMATISM. AS A COROLLARY TO THIS, HIGH EXECUTIVE OPTIMISM AND DOGMATISM ARE RELATED TO THE SUPPESSION OF DATA PERCEIVED AS INCONSISTENT WITH EXECUTIVE ASPIRATIONS FOR THE ENTERPRISE. EXECUTIVE OPTIMISM IS DIRECTLY RELATED TO THE DEGREE OF PRIOR SUCCESSES OF STRATEGIC DECISION MAKERS OF THEIR ORGANIZATION. THE PROBABILITY AND DEGREE OF STRATEGIC FAILURE ARE DIRECTLY RELATED TO THE EXTENT OF BUSINESS, FINANCIAL, TECHNOLOGICAL, SCALE, AND ORGANIZATIONAL RISK EXPOSURE OF THE ENTERPRISE.
ISSN:0001-4273
1948-0989