Strategy Under Extreme Institutional Shock: Scenario Planning, Foresight, and Strategic Management in the Face of Radical Uncertainty

Éditeurs invités

  • James Bezjian, The Citadel Military College of South Carolina
  • Jose Godinez, University of Massachusetts Lowell
  • Veselina Stoyanova, University of Birmingham
  • Arpit Sharma, The Citadel Military College of South Carolina

Synthèse

This special issue in the Journal of Strategy and Management examines how organizations respond strategically when major disruptions fundamentally alter the institutional environment and challenge established decision-making frameworks. The focus is on situations where core assumptions, sources of authority, and environmental interpretation become uncertain or contested, requiring organizations to develop new approaches to strategic adaptation and resilience.

The special issue addresses contemporary challenges highlighted by recent global crises such as the COVID-19 pandemic, geopolitical instability, climate disasters, cyber threats, and artificial intelligence advances. By studying how organizations interpret uncertainty, maintain legitimacy, and navigate institutional disruption, the work contributes insights valuable to business leaders, policymakers, and public sector organizations seeking to strengthen resilience amid increasing volatility.

Thèmes proposés

  • Extreme institutional shocks and strategy theory
  • High-impact, low-probability events and strategic decision-making
  • Dynamic capabilities under radical novelty and epistemic uncertainty
  • Organizational resilience and adaptation under Knightian uncertainty
  • Strategic responses to pandemics, climate tipping points, and AI discontinuities
  • Institutional legitimacy and re-legitimation following paradigm shocks
  • Managerial sensemaking and cognitive framing under extreme ambiguity
  • Strategy-as-practice during institutional disruption
  • Real options reasoning under Knightian uncertainty
  • Strategic foresight and scenario planning for paradigm-breaking events