An empirical study on the influencing factors of effectiveness of strategic decision-making and its relation with performance improvement: Evidence from China

摘要

Strategic decision-making has long been a topic of great interest in both organization theory and strategic management. This article explores the strategic decision-making. It is organized around two research questions: (1) what are the factors influencing the strategic decisions to make? And (2) Does strategic decision-making link to performance? The research proves that procedural rationality, intuition will be positively related to strategic decision making effectiveness, and while TMT conflict has the contrary effect. It also finds strategic decision making effectiveness will be positively related to performance improvement. But the hypothesis that environmental factors will be positively related to strategic decision making effectiveness does not been verified.