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Recent years have witnessed a profusion of research on aspects of the strategic decision process and factors that may affect this process. In this article I will discuss four major themes in this research which include strategic decision models and characteristics, biases in decision making, individual and organizational minds, and upper echelons. I will then identtfy three emerging research topics which should produce interesting hypotheses for future research. I conclude with some methodological considerations to address the difficulties of doing research in this area.
Charles R. Schwenk (Thu,) studied this question.