[go: up one dir, main page]
IDEAS home Printed from https://ideas.repec.org/a/bla/stratm/v5y1984i2p129-137.html
   My bibliography  Save this article

Cognitive biases and their impact on strategic planning

Author

Listed:
  • James H. Barnes
Abstract
Subjective judgements by planners and managers are a major component in the process of strategic planning. If such judgements are faulty, efforts at better strategic plans are likely to be misdirected. This paper discusses those biases which appear common to both managers and planners when they make judgements about risk. Implications of biased judgement are discussed in a planning context. Although we still do not know the best ways to elicit judgements, the paper concludes with a discussion of subjective sensitivity analysis which appears to offer some hope.

Suggested Citation

  • James H. Barnes, 1984. "Cognitive biases and their impact on strategic planning," Strategic Management Journal, Wiley Blackwell, vol. 5(2), pages 129-137, April.
    • Handle: RePEc:bla:stratm:v:5:y:1984:i:2:p:129-137
    DOI: 10.1002/smj.4250050204
    as

    Download full text from publisher

    File URL: https://doi.org/10.1002/smj.4250050204
    Download Restriction: no
    File URL: https://libkey.io/10.1002/smj.4250050204?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:stratm:v:5:y:1984:i:2:p:129-137. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://onlinelibrary.wiley.com/journal/10.1111/0143-2095 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.