Loop-Based Strategic Decision Support Systems — Theory and Application —

Abstract

During the last few years we have witnessed the development of two main lines in computeroriented strategic decision support- quantitative simulation approaches und qualitative knowledge based (expert-) systems. As we will show in this paper the process of strategy making can be improved by combining the two approaches within loop-based strategic decision support systems. The potential of the loop-based strategic decision support approach is demonstrated with the “know-how transfer model” which explains the evolution of multinational corporations in less developed countries and which helps to improve the strategic internationalization and know-how transfer decisions.