Business ethics, strategic decision making, and firm教程.PDFVIP

Business Horizons (2007) 50, 353–357 /locate/bushor EXECUTIVE DIGEST Business ethics, strategic decision making, and firm performance Michael A. Hitt a,⁎, Jamie D. Collins b a Mays Business School, Texas AM University, College Station, TX 77843-4221, USA b Hankamer School of Business, Baylor University, One Bear Place #98006, Waco, TX 76798, USA Nothing is more difficult, and therefore more A well-developed internal decision-making ca- precious, than to be able to decide . — Napoleon pability is generally considered critical to the Bonaparte effectiveness of a firms strategic decisions (El- banna Child, 2007). A large body of evidence Whenever you see a successful business, someone exists supporting the view that higher quality once made a courageous decision. — Peter Drucker decisions result from incorporating a broad range of information into the decision-making process 1. The importance of strategic decision (Dalton, Daily, Ellstrand, Johnson, 1998; Miller, making Burke, Glick, 1998). For firms operating in complex competitive environments, the most ef- One of the most commonly utilized frameworks within fective decision processes are those that draw upon Strategic Management is the SWOT (Strengths, Weak- a diversity of frames of reference to identify nesses, Opportunities, and Threats) analysis model. imp