Intellectual Structure and Scientific Evolution of Strategic Decision in the Field of Business and Management from 1971 to 2018

IF 0.8 Q4 BUSINESS, FINANCE

Asian Journal of Business and Accounting Pub Date : 2019-12-27 DOI:10.22452/ajba.vol12no2.9

Harry Patria, S. Wahyuni, R. Kusumastuti

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引用次数: 12

Abstract

Manuscript type: Review paper Research aims: This study aims to analyse the published works of strategic decision in business and management which have had the greatest impact and evolutionary scientific trend within the intellectual sphere. Drawing from the integrative perspective, this study attempts to: (i) investigate the intellectual structure of earlier works so as to analyse the evolution of strategic decisions; (ii) examine the evolutionary scientific trends, and (iii) identify some implications for future research in this area. Design/Methodology/Approach: This study generates its analysis based on the following bibliometric tools: (i) multidimensional data analysis using the Sankey Diagram, (ii) visual network and heat map analysis using the VOSviewer, and (3) strategic diagrams and evolution maps using the SciMAT. The methodology is based on the bibliometric technique of citation and co-citation analyses which are scientifically applied to a sample of 1,218 articles published in leading management and business journals over a period of 48 years, from 1971 to 2018. Research findings: The findings of this study plots the intellectual structure of the strategic decision as well as the evolutionary themes of the strategic decisions, for instance, decision-making and intuition (2000-2004), bounded rationality and uncertainty (2005-2009), decision support system and artificial intelligence (2010-2014), and decisionmaking and intuition (2015-2019). Overall, the results demonstrate the top scientific themes that were prevalent over a period of 48 years. The themes include: decision-making, intuition, rationality, behavioural economics, bounded rationality and investment decision. Theoretical contribution/Originality: These findings provide valuable insights which demarcate the evolution of strategic decision as viewed through the synoptic-incremental continuum of rationality, intuition and political decision process. This study also contributes to the emerging role of behavioural economics on the strategic decisionmaking process in business and management. The results also highlight the role of the incremental decision process as an intuitive and political decision that can be interactively enhanced by decisionmakers while under increased risk and uncertainty. Practitioner/Policy implications: The results of this study suggest that decision-makers need to pay attention towards building and developing the incremental process such as intuitive and political decision along with rationality so as to optimise the decision outcomes. Keywords: Strategic Decision, Decision-Making, Bibliometric Review, Business, Management, Intuition, Rationality JEL Classification: M10, Y3

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1971 - 2018年商业管理领域战略决策的智力结构与科学演变

研究目的:本研究旨在分析已发表的在商业和管理战略决策方面的著作，这些著作在知识领域内产生了最大的影响和进化的科学趋势。从综合视角出发，本研究试图:(i)研究早期著作的知识结构，以分析战略决策的演变;(ii)研究进化的科学趋势，(iii)确定对该领域未来研究的一些启示。设计/方法/方法:本研究基于以下文献计量工具进行分析:(i)使用Sankey Diagram进行多维数据分析，(ii)使用VOSviewer进行视觉网络和热图分析，(3)使用SciMAT进行战略图和演化图分析。该方法基于引用和共被引分析的文献计量学技术，该技术科学地应用于1971年至2018年48年间发表在主要管理和商业期刊上的1218篇文章样本。研究结果:本研究绘制了战略决策的智力结构，以及战略决策的演化主题，如决策与直觉(2000-2004)、有限理性与不确定性(2005-2009)、决策支持系统与人工智能(2010-2014)、决策与直觉(2015-2019)。总的来说，结果显示了在48年的时间里流行的最重要的科学主题。主题包括:决策，直觉，理性，行为经济学，有限理性和投资决策。理论贡献/独创性:这些发现提供了有价值的见解，通过理性、直觉和政治决策过程的整体增量连续体来划分战略决策的演变。这项研究还有助于行为经济学在商业和管理中的战略决策过程中的新兴作用。结果还强调了增量决策过程作为一种直觉和政治决策的作用，在风险和不确定性增加的情况下，决策者可以互动地增强这种决策过程。实践者/政策启示:本研究的结果表明决策者需要注意建立和发展增量过程，如直觉和政治决策以及理性，以优化决策结果。关键词:战略决策，决策，文献计量学回顾，商业，管理，直觉，理性JEL分类:M10, Y3

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来源期刊

Asian Journal of Business and Accounting BUSINESS, FINANCE-

CiteScore

2.00

自引率

11.10%

发文量

期刊介绍： An academic journal that aims to advance knowledge in the business and accounting disciplines, to narrow the gap between theory and practice, and to set direction for policy initiatives in Asia. Welcome to the Asian Journal of Business and Accounting (AJBA). AJBA is an international refereed journal, published biannually (30th June and 30th December) by the Faculty of Business and Accountancy, University of Malaya, Malaysia. AJBA aims to publish scholarly business researches that are relevant to Malaysia and the Asian region. It intends to highlight the practical implications in promoting better business decision making process and the formulation of public policy in Asia. This journal publishes theoretical, conceptual, and empirical papers within the broad areas of business and accounting in Asia. The AJBA covers a broad spectrum of the business and accounting disciplines. A suggestive (though not necessarily comprehensive) list of areas that would be included in this journal are: general management, strategic management, human resource management, organizational behaviour, labour and industrial relations, international business management, business communication, entrepreneurship, leadership, management science, operations management, production management, supply chain management, marketing management, brand management, consumer behaviour, information management, e-marketing, e-commerce, quality management, retailing, service marketing, hospitality management, hotel and tourism management, asset pricing, capital and money markets, corporate finance, derivatives markets, finance and banking, financial economics, etc.