MANAGING ORGANIZATION AGILITY WHEN THERE IS NO TIME TO MANAGE: THE IMPACT OF TEMPORAL-SCARCITY ON MANAGERIAL DECISION-MAKING

Michael A. Mayo, Kent State University, U.S.A.
Sara De Masi, University of Florence, Italy
Andrea Paci, University of Florence, Italy

Published in

INTERNATIONAL JOURNAL OF STRATEGIC MANAGEMENT
Volume 18, Issue 1, p41-50, June 2018

ABSTRACT

With the growing complexity and uncertainty underlying business conditions worldwide, academics and practitioners alike are working to identify more time and context-sensitive strategies to give firms the means to adapt quickly to these changes. The present report provides a different perspective on the topic noting that efforts to improve organizational agility may also pose a threat to the firm as well when operating under resource-scarce conditions. Of special interest is how temporal scarcity may impede the strategic-decision making process resulting in poor quality solutions and mitigating organization’s efforts to be more agile. The psychology of scarcity literature is reviewed to provide a framework to understand how temporal scarcity taxes mental bandwidth and negatively impacts both individual manager’s and groups’ decision-making quality. Research recommendations on where within the organization and under what market conditions temporal scarcity effects are likely to occur are offered.

Keywords

Organization Agility, Strategic Flexibility, Temporal Scarcity, Decision-Making, Psychology of Scarcity


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