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Economic and psychological explanations for strategic persistence

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  • Schwenk, C
  • Tang, M-Je

Abstract

Strategic management researchers are showing increasing interest in the question of why companies persist in questionable strategies. In this paper, two types of explanations for strategic persistence are discussed. Specific explanations from the economic and psychological perspectives are reviewed. An integrated approach is developed which shows how economic and psychological factors may interact to encourage this type of persistence.

Suggested Citation

  • Schwenk, C & Tang, M-Je, 1989. "Economic and psychological explanations for strategic persistence," Omega, Elsevier, vol. 17(6), pages 559-570.
    • Handle: RePEc:eee:jomega:v:17:y:1989:i:6:p:559-570
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    Citations

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    Cited by:

    1. Bruno Karoubi & R駩s Chenavaz, 2015. "Prices for cash and cash for prices? Theory and evidence on convenient pricing," Applied Economics, Taylor & Francis Journals, vol. 47(38), pages 4102-4115, August.
    2. Chi, T. & Nystrom, P. C., 1995. "Decision dilemmas facing managers: recognizing the value of learning while making sequential decisions," Omega, Elsevier, vol. 23(3), pages 303-312, June.
    3. Gavin M Schwarz & Karin Sanders & Dave Bouckenooghe, 2020. "In the driving seat: Executive’s perceived control over environment," Australian Journal of Management, Australian School of Business, vol. 45(2), pages 317-342, May.
    4. Amankwah-Amoah, Joseph & Ifere, Simeon Emezana & Nyuur, Richard B., 2016. "Human capital and strategic persistence: An examination of underperforming workers in two emerging economies," Journal of Business Research, Elsevier, vol. 69(10), pages 4348-4357.
    5. Amankwah-Amoah, Joseph & Ifere, Simeon & Nyuur, Richard, 2016. "Human capital and strategic persistence: An examination of underperforming workers in two emerging economies," MPRA Paper 71629, University Library of Munich, Germany.
    6. Covin, Jeffrey G. & Slevin, Dennis P. & Schultz, Randall L., 1997. "Top Management Decision Sharing and Adherence to Plans," Journal of Business Research, Elsevier, vol. 40(1), pages 21-36, September.
    7. Jeffrey G. Covin & Morgan P. Miles, 1999. "Corporate Entrepreneurship and the Pursuit of Competitive Advantage," Entrepreneurship Theory and Practice, , vol. 23(3), pages 47-63, April.
    8. Amankwah-Amoah, Joseph, 2014. "Explanations for strategic persistence in the wake of others’ failures," MPRA Paper 63409, University Library of Munich, Germany.

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