Rapid innovation, shortened product life cycles and fierce competition place great pressures on top managers to make fast strategic decisions. However, a key question in strategic decision-making research is whether decision speed helps or harms decision quality, and there is a shortage of theory and evidence concerning the consequences of decision speed across different environmental contexts. We develop new theory by considering the effects of decision speed on decision quality under conditions of environmental munificence, under conditions of dynamism, and under the joint conditions of munificence and dynamism. We test our theory through analysis of multi-informant survey data drawn from top management teams and secondary databases, in 117 UK firms. Our findings demonstrate that munificence is the central generative mechanism which moderates the relationship between decision speed and decision quality, and markedly alters the previously theorized positive effects of decision speed in dynamic contexts.

中文翻译：

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快速决策：检查跨多个环境背景的战略决策速度和决策质量之间的关系

快速创新、缩短的产品生命周期和激烈的竞争给高层管理人员带来了巨大的压力，需要快速做出战略决策。然而，战略决策研究的一个关键问题是决策速度是否有助于或损害决策质量，并且缺乏关于不同环境背景下决策速度后果的理论和证据。我们通过考虑在环境丰富的条件下、动态条件下以及在丰富和动态的联合条件下决策速度对决策质量的影响来发展新理论。我们通过分析来自 117 家英国公司的高层管理团队和二级数据库的多线人调查数据来检验我们的理论。