Document Type
Article
Publication Date
5-1-2009
Abstract
Prior studies of board effectiveness have primarily focused on the relationships between board structure and composition relative to the performance of the firm. To better understand the role of board members in strategic decision-making it may be helpful to gain deeper insights into the processes and behaviors that are actually utilized during strategic decision-making both within and outside the board room. Of particular interest to scholars are the specific processes that boards use to generate quality strategic decisions. We propose research to examine the conditions under which diverse board members' individual biases, backgrounds and behaviors impact the collective strategic decision-making processes associated with strategy formation within the board environment. Semi-structured interviews of corporate directors and top management teams (TMTs) of mid-size public technology corporations, will provide insight into the question, how do individual board members' attitudes towards vigilance, their proclivity towards monitoring or mediation, and their focus on long term or short term performance results effect quality strategic decision-making at the board level? This paper is primarily informed by agency, institutional and strategic choice theoretical perspectives.
Keywords
agency theory, quality strategic decision-making, institutional theory, resource dependency theory, grounded theory, affective relationships, cognitive abilities
Rights
© The Author(s). Kelvin Smith Library provides access for non-commercial, personal, or research use only. All other use, including but not limited to commercial or scholarly reproductions, redistribution, publication or transmission, whether by electronic means or otherwise, without prior written permission is strictly prohibited.
Department/Center
Design & Innovation
Recommended Citation
Bailey, Bernard C., "Board Member Behavioral and Cognitive Biases: The Impact on Board Level Strategic Decision-Making Processes" (2009). Student Scholarship. 99.
https://commons.case.edu/studentworks/99