Open Strategy: Including stakeholders i...

Strategy is a high level plan to achieve an intended set of goals under con- ditions of uncertainty. Traditionally, organizations search for a high performing strategy in a closed setting with upper management creating and implementing strategy with no transparency of input, process or output. Advances in digital technologies, such as social media platforms, now enable a more transparent inclusive manner of strategy making called Open Strategy, with a wider range of participants. By agent-basedsimulation of the strategy making process, we aim to elucidate the impact of various implementations of Open Strategy on the search for performance, taking into account e.g. the diversity of participants and social network effects.