Strategic Management and Myopia: Challenges and Implications

Strategic myopia is a cognitive distortion that managers display, leading to narrow views and preferences that can hurt firms' long-term prospects. This book explains how it stems from individual dispositions, team contingencies, and organizational design and offers effective ways to address it. It emphasizes that eliminating strategic myopia is difficult, but organizations can develop capabilities and implement designs that favor balancing short-term benefits and alleviating long-term drawbacks.

Format: Paperback / softback
Length: 166 pages
Publication date: 29 January 2024
Publisher: Taylor & Francis Ltd

Strategic myopia, a pervasive cognitive distortion among managers, is explored in-depth in this comprehensive book. It delves into the narrow perspectives and preferences that hinder long-term firm prospects, emphasizing the detrimental effects of such myopia. Rather than attributing these distortions to managerial flaws, opportunism, or blindness, the book offers a nuanced understanding of how strategic myopia arises from individual dispositions, is shaped by team contingencies, and is fostered by organizational design.

Through a rich narrative, the reader is introduced to a metaphor that originated to explain business failure and has gradually evolved into a valuable concept for comprehending intertemporal choices, technology substitution, competitive advantage erosion, competitive blindspots, and missed opportunities. The book elucidates the mechanisms that perpetuate myopic behaviors, while also presenting practical strategies for addressing them.

One of the key advantages of this work is its modular structure, enabling readers to engage with chapters separately. The central message is that eliminating strategic myopia is challenging, and may even compromise short-term efficiency. However, organizations can develop capabilities and implement designs that balance the immediate benefits of myopia with mitigating its long-term drawbacks.

This book appeals to scholars, researchers, advanced students, and experienced managers in the domains of strategic management and organizational behavior. Its insights and practical approaches contribute to a deeper understanding of the complexities of decision-making and provide valuable guidance for navigating the challenges posed by strategic myopia.

Weight: 453g
Dimension: 229 x 152 (mm)
ISBN-13: 9781032057880