Economics
  • ISSN: 2155-7950
  • Journal of Business and Economics

Agility in Making Strategic Decisions and the Organizational Performance

Julian Miranda Torrez
(Center of Innovation, Competitiveness and Sustainability, Autonomous University of Guerrero, Mexico)

 

Abstract: In the organization and strategy management theory, the adaptation or adjustment of the organization was studied within a highly dynamic environment. Strategic decision making plays the role of relating the environment with the organization. The purpose of the document was to investigate the relationships of agility in strategic decision making with the organizational performance. The dynamism of the environment is a factor that influences organizations and managers to be more agile in making strategic decisions in order to take advantage of opportunities, face risks, survive in the market and achieve high performances. It was based on the theoretical perspectives: strategic choice, “upper echelon”, organizational capabilities, organizational agility and dynamic capabilities. A methodology based on a systematic literature review was applied. As a result, the propositions that relate to the constructs under study, considering the dynamism of the environments and the attributes of the organizations. It is an important contribution to the decision-making theory, by incorporating the concepts of agility, strategies, dynamism of the environment and the adaptation of the organization to the environment. The document highlights that agility in making strategic decisions allows us to relate the environment with the organization, and the strategies allow to elaborate the set of variables and attributes (size, age, structure organizational, among others).

Key words: DYNAMIsm of the environments, strategic decision making, organizational performance

JEL code: M15





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