Decision comprehensiveness and the outcomes of firms: a auantitative synthesis of several decades of research

Thanos, I.C., Miller, C. and Papadakis, V.M. (2011) Decision comprehensiveness and the outcomes of firms: a auantitative synthesis of several decades of research. In: 31st SMS Annual International Conference, Miami, Florida, USA, 6-9 Nov 2011,

Abstract

The link between decision-making comprehensiveness and the outcomes of firms has received substantial attention over the years. Even so, theoretical disagreements and empirical inconsistencies have plagued this important area of research. To help in the process of better understanding the effects of comprehensiveness, a quantitative synthesis was undertaken. The results of our meta-analytic synthesis provide a number of insights that have non-trivial implications for interpreting past work and for planning future work. Examples of key findings include 1) purposefully restricting the range of dynamism, which is a common practice, leads to weak observed relationships, 2) focusing on profitability as the outcome variable, which is also very common, leads to weak observed relationships, and 3) using archival outcome data leads to weak observed relationships.

• Item Type: Conference Proceedings
• Additional Information: Paper delivered at Conference Session 243 - Understanding Decision Making Processes.
• Status: Published
• Refereed: Yes
• Glasgow Author(s) Enlighten ID: Thanos, Dr Ioannis
• Authors: Thanos, I.C., Miller, C., and Papadakis, V.M.
• College/School: College of Social Sciences > Adam Smith Business School > Management
• Journal Name: Strategic Management Society