The DOI matches its Crossref record; 7 of the 7 references it cites were found in a registry or an index.
Cognitive biases and their impact on strategic planning
Abstract
Subjective judgements by planners and managers are a major component in the process of strategic planning. If such judgements are faulty, efforts at better strategic plans are likely to be misdirected. This paper discusses those biases which appear common to both managers and planners when they make judgements about risk. Implications of biased judgement are discussed in a planning context. Although we still do not know the best ways to elicit judgements, the paper concludes with a discussion of subjective sensitivity analysis which appears to offer some hope.
Overview
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Integrity signals
Registry
Cites
Statistics
Verification
Claims the paper makes
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Self-check
Percentages, sums and reported differences re-computed from the paper’s own numbers.
The self-check needs the paper’s full text.
Citations
Cites
Tversky, A., & Kahneman, D. (1974) · Science · doi:10.1126/science.185.4157.1124 · Cited by 28,810
Judgment under Uncertainty: Heuristics and Biases
Tversky, A., & Kahneman, D. (1975) · Utility, Probability, and Human Decision Making · doi:10.1007/978-94-010-1834-0_8 · Cited by 22,650
Availability: A heuristic for judging frequency and probability
Tversky, A., & Kahneman, D. (1973) · Cognitive Psychology · doi:10.1016/0010-0285(73)90033-9 · Cited by 9,984
On the psychology of prediction.
Kahneman, D., & Tversky, A. (1973) · Psychological Review · doi:10.1037/h0034747 · Cited by 6,202
Belief in the law of small numbers.
Tversky, A., & Kahneman, D. (1971) · Psychological Bulletin · doi:10.1037/h0031322 · Cited by 3,246
Fault trees: sensitivity of estimated failure probabilities to problem representation
Fischhoff, B., Slovic, P., & Lichtenstein, S. (1978) · Journal of Experimental Psychology: Human Perception and Performance · doi:10.1037/0096-1523.4.2.330 · Cited by 708
Perceived informativeness of facts.
Fischhoff, B. (1977) · Journal of Experimental Psychology: Human Perception and Performance · doi:10.1037/0096-1523.3.2.349 · Cited by 404
Cited by
Lant, T. K., Milliken, F. J., & Batra, B. (1992) · Strategic Management Journal · doi:10.1002/smj.4250130803 · Cited by 939
Wüstenhagen, R., & Menichetti, E. (2012) · Energy Policy · doi:10.1016/j.enpol.2011.06.050 · Cited by 505
Deciding Fast and Slow: The Role of Cognitive Biases in AI-assisted Decision-making
Rastogi, C., Zhang, Y., Wei, D., Varshney, K. R., Dhurandhar, A., & Tomsett, R. (2022) · Proceedings of the ACM on Human-Computer Interaction · doi:10.1145/3512930 · Cited by 216
Staber, U. (2001) · Regional Studies · doi:10.1080/00343400125106 · Cited by 201
Berthet, V. (2022) · Frontiers in Psychology · doi:10.3389/fpsyg.2021.802439 · Cited by 191
Metadata
- Authors
- Barnes, J. H.
- Venue
- Strategic Management Journal
- Publisher
- Wiley
- Published
- 1984-04
- Volume
- 5
- Issue
- 2
- Pages
- 129-137
- ISSN
- 0143-2095 (ISSN-L)
- 1097-0266
- OpenAlex
- W2166558062
- Cited by
- 451
- References
- 7
- FWCI
- 2.09
- Type
- journal article
- Language
- en
- Open access
- closed
About these checks
Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.
What counts as a claim ›How we measure confidence ›How we check this ›
Are you an author, or do you see a problem with this page? Request a review
How to cite
Cite CoChat for the checks on this page, and the paper for its own findings.
- This page
- CoChat. (2026). Citation check: Cognitive biases and their impact on strategic planning. https://app.cochat.ai/papers/10.1002/smj.4250050204
- The paper
- Barnes, J. H. (1984). Cognitive biases and their impact on strategic planning. Strategic Management Journal. https://doi.org/10.1002/smj.4250050204
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
