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Strategic Management and Myopia: Challenges and Implications
This book investigates the phenomenon of strategic myopia, which refers to important cognitive distortions that managers systematically display. It captures narrow views and preferences, which are likely to hurt firms’ long-term prospects. Instead of accusing managers of imperfections, opportunism, or blindness, this book explains how strategic myopia stems from individual dispositions, how it is shaped by team contingencies, and encouraged by organizations’ design.

The reader will learn how a metaphor introduced to explain business failure evolved over decades to become a concept useful in understanding intertemporal choices, technology substitution, competitive advantage erosion, competitive blindspots, and missed opportunities. In addition to explaining the mechanisms that encourage myopic behaviors, readers are offered a set of effective ways to address strategic myopia. A key benefit of this work is that the structure of the book allows the use of chapters separately. The core message is that eliminating strategic myopia is hardly possible, and may actually hurt the firms’ short-term efficiency. However, organizations may develop capabilities, and implement designs that favor balancing the short-term benefits of myopia and alleviate its long-term drawbacks.

This book will be of interest to scholars, researchers, advanced students and experienced managers in the fields of strategic management and organizational behavior.

1140559262
Strategic Management and Myopia: Challenges and Implications
This book investigates the phenomenon of strategic myopia, which refers to important cognitive distortions that managers systematically display. It captures narrow views and preferences, which are likely to hurt firms’ long-term prospects. Instead of accusing managers of imperfections, opportunism, or blindness, this book explains how strategic myopia stems from individual dispositions, how it is shaped by team contingencies, and encouraged by organizations’ design.

The reader will learn how a metaphor introduced to explain business failure evolved over decades to become a concept useful in understanding intertemporal choices, technology substitution, competitive advantage erosion, competitive blindspots, and missed opportunities. In addition to explaining the mechanisms that encourage myopic behaviors, readers are offered a set of effective ways to address strategic myopia. A key benefit of this work is that the structure of the book allows the use of chapters separately. The core message is that eliminating strategic myopia is hardly possible, and may actually hurt the firms’ short-term efficiency. However, organizations may develop capabilities, and implement designs that favor balancing the short-term benefits of myopia and alleviate its long-term drawbacks.

This book will be of interest to scholars, researchers, advanced students and experienced managers in the fields of strategic management and organizational behavior.

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Strategic Management and Myopia: Challenges and Implications

Strategic Management and Myopia: Challenges and Implications

by Wojciech Czakon
Strategic Management and Myopia: Challenges and Implications
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Strategic Management and Myopia: Challenges and Implications

Strategic Management and Myopia: Challenges and Implications

by Wojciech Czakon

Overview

This book investigates the phenomenon of strategic myopia, which refers to important cognitive distortions that managers systematically display. It captures narrow views and preferences, which are likely to hurt firms’ long-term prospects. Instead of accusing managers of imperfections, opportunism, or blindness, this book explains how strategic myopia stems from individual dispositions, how it is shaped by team contingencies, and encouraged by organizations’ design.

The reader will learn how a metaphor introduced to explain business failure evolved over decades to become a concept useful in understanding intertemporal choices, technology substitution, competitive advantage erosion, competitive blindspots, and missed opportunities. In addition to explaining the mechanisms that encourage myopic behaviors, readers are offered a set of effective ways to address strategic myopia. A key benefit of this work is that the structure of the book allows the use of chapters separately. The core message is that eliminating strategic myopia is hardly possible, and may actually hurt the firms’ short-term efficiency. However, organizations may develop capabilities, and implement designs that favor balancing the short-term benefits of myopia and alleviate its long-term drawbacks.

This book will be of interest to scholars, researchers, advanced students and experienced managers in the fields of strategic management and organizational behavior.

Product Details

ISBN-13: 9781032057859
Publisher: Taylor & Francis
Publication date: 05/06/2022
Series: Routledge Research in Strategic Management
Pages: 176
Product dimensions: 6.00(w) x 9.00(h) x (d)

About the Author

Wojciech Czakon is Professor of Strategy in the Faculty of Management and Communication of the Jagiellonian University at Krakow in Poland.

Table of Contents

1. The metaphor of myopia in management 2. Dimensions of strategic myopia 3. Effectively addressing strategic myopia 4. Cognitive underpinnings of strategy

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