Strategic Decision-Making in Uncertain Environments: A Management Science Perspective

Abstract

In today's dynamic and uncertain business landscape, strategic decision-making plays a pivotal role in the success and sustainability of organizations. This article explores the challenges and opportunities associated with strategic decision-making in uncertain environments from a management science perspective. Drawing upon interdisciplinary theories and empirical research, this paper aims to elucidate the key factors influencing strategic decision-making processes, including environmental turbulence, information asymmetry, cognitive biases, and organizational capabilities. Moreover, it examines various decision-making models, tools, and techniques employed by managers to navigate uncertainty and enhance strategic outcomes. By integrating insights from management science, this article provides valuable theoretical and practical implications for executives, managers, and scholars striving to optimize decision-making processes in turbulent environments.