Toward a Cognitive Resource Theory of Organisational Strategizing

Abstract

We develop a new conceptual framework which seeks to account for variations in the quality of strategic information processing and decision-making among groups of executives and others involved in strategizing. Drawing on recent advances in our understanding of the nature and significance of individual differences in information processing strategies and styles we maintain that analytic and intuitive approaches to the processing of strategic information are both required as fundamental prerequisites for decision-making units - irrespective of whether these be individuals or groups - to strategize effectively. A central feature of our paper is that we identify practical courses of action for the selection and development of more effective strategy-making teams.