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Purpose
To make strategists aware of decision biases and their potential impact on effective strategic decision‐making.
Design/methodology/approach
A review of five critical biases, their sources and impact. The article includes a self‐test. Findings – Suggestions on how the strategist can address biases in self and others as part of strategic leadership.
Research limitations/implications
Conceptual review and self‐test.
Practical implications
Simple, easy to implement guidance on managing biases in self and others.
Originality/value
Raising strategists’ awareness of biases and their potential impact. Self‐test on decision biases. A route to the literature on the issues.
© Emerald Group Publishing Limited
2006
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