Judgment And Business Decisions
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Decision Management
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Author : J. Frank Yates
language : en
Publisher: John Wiley & Sons
Release Date : 2003-02-03
Decision Management written by J. Frank Yates and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-02-03 with Business & Economics categories.
Why do the people in some companies continually dazzle us with their brilliant decisions while those in others make one blunder after another? Do they understand their businesses better? Are they just plain smarter? Or is it all a matter of luck? The answer, says J. Frank Yates, is none of the above. The real key, rarely recognized, is how the leaders manage the company's decision processes—the leaders' decision management practices. Drawing on his thirty years of research and experience as well as scholarship from psychology, economics, statistics, strategy, medicine, and other fields to explain the fundamental nature of business decision problems, Yates highlights the ten cardinal decision issues crucial to managing the decision-making process—and ultimately better company decisions. He covers problems ranging from recognizing whether a decision is actually called for to assuring that a preferred course of action will be implemented. He shows how solid decisions result when managers ensure that deciders resolve every cardinal issue effectively for every decision problem facing the company. He also reveals how, conversely, chronically poor decisions are traceable to managers allowing—or even creating—conditions that encourage deciders to fall short in how they address at least one of those critical issues.
Decision Analysis For Management Judgment
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Author : Paul Goodwin
language : en
Publisher:
Release Date : 1998
Decision Analysis For Management Judgment written by Paul Goodwin and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Business & Economics categories.
This edition integrates the latest decision analysis material from a range of disciplines including OR, Statistics and Psychology. The authors make it accessible to its largest group of potential users: managers and administrators in business and public sector organizations. It shows how difficult decisions can be made with greater insight and confidence and challenges the adequacy of making decisions on the basis of intuition alone.
Judgment And Decision Making
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Author : Terry Connolly
language : en
Publisher: Cambridge University Press
Release Date : 2000
Judgment And Decision Making written by Terry Connolly and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Education categories.
This work examines issues such as medical diagnosis, weather forecasting, labour negotiations, risk, public policy, business strategy, eyewitnesses, and jury decisions. This is a revision of Arkes and Hammond's 1986 collection of papers on judgment and decision-making. Updated and extended, the focus of this volume is interdisciplinary and applied.
Judgment In Managerial Decision Making
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Author : Max H. Bazerman
language : en
Publisher: John Wiley & Sons
Release Date : 2012-10-16
Judgment In Managerial Decision Making written by Max H. Bazerman and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-10-16 with Business & Economics categories.
Behavioral decision research provides many important insights into managerial behavior. From negotiation to investment decisions, the authors weave behavioral decision research into the organizational realm by examining judgment in a variety of managerial contexts. Embedded with the latest research and theories, Managerial Decision Making 8th Edition gives students the opportunity to understand their own decision-making tendencies, learn strategies for overcoming cognitive biases, and become better decision makers.
Judgment And Decision Making At Work
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Author : Scott Highhouse
language : en
Publisher: Routledge
Release Date : 2013-09-05
Judgment And Decision Making At Work written by Scott Highhouse and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-09-05 with Business & Economics categories.
Employees are constantly making decisions and judgments that have the potential to affect themselves, their families, their work organizations, and on some occasion even the broader societies in which they live. A few examples include: deciding which job applicant to hire, setting a production goal, judging one’s level of job satisfaction, deciding to steal from the cash register, agreeing to help organize the company’s holiday party, forecasting corporate tax rates two years later, deciding to report a coworker for sexual harassment, and predicting the level of risk inherent in a new business venture. In other words, a great many topics of interest to organizational researchers ultimately reduce to decisions made by employees. Yet, numerous entreaties notwithstanding, industrial and organizational psychologists typically have not incorporated a judgment and decision-making perspective in their research. The current book begins to remedy the situation by facilitating cross-pollination between the disciplines of organizational psychology and decision-making. The book describes both laboratory and more “naturalistic” field research on judgment and decision-making, and applies it to core topics of interest to industrial and organizational psychologists: performance appraisal, employee selection, individual differences, goals, leadership, teams, and stress, among others. The book also suggests ways in which industrial and organizational psychology research can benefit the discipline of judgment and decision-making. The authors of the chapters in this book conduct research at the intersection of organizational psychology and decision-making, and consequently are uniquely positioned to bridging the divide between the two disciplines.
Cognition And Commerce
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Author : Bridget A. Bicknell
language : en
Publisher:
Release Date : 2017
Cognition And Commerce written by Bridget A. Bicknell and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with categories.
Decision makers who evaluate complex alternatives in real-world decision-making contexts are susceptible to cognitive biases, which can influence judgments, and may result in irrational decisions. Engaging in deliberate, systematic evaluation may reduce the extent to which biases pervade rational judgments (Kahneman, 2011). Previous studies have demonstrated that the deliberate consideration of multiple alternatives is an effective strategy to reduce biases (Lord, Lepper, & Preston, 1984). However, there is limited research on the effects of deliberate analysis on judgments in business decision-making. The present study examines whether the extent of deliberate analysis would elicit differences in the degree to which judgments changed across the decision-making process. Undergraduate students (N = 32) evaluated high- and low-risk hypothetical business scenarios involving decisions between two choice alternatives. Perceived behavioural intentions to pursue the decisions were assessed at two points: after reading the scenario, and after deliberate analysis of the pros and cons for one, or both alternatives. The results suggest that engaging in comparative analysis, as opposed to selective analysis of a single alternative, causes significantly larger changes in initial intuitive evaluations; this strategy is particularly effective in situations concerning high risk. The practical importance of these results for multifaceted business decision-making in assessed, particularly with regard to the use of deliberate comparative analysis as a strategy to decrease risk aversion.
The Art Of Judgment
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Author : John Adair
language : en
Publisher: Bloomsbury Publishing
Release Date : 2020-07-09
The Art Of Judgment written by John Adair and has been published by Bloomsbury Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-07-09 with Business & Economics categories.
An essential guide for any business leader looking to hone, develop and master the art of judgment. The success of any organization or individual depends upon making good decisions, arrived at through the use of a sound judgment. Too often, this elusive characteristic has been misperceived as an unchangeable, entrenched element of our character, over which we have little control. In fact, judgment is an art – one that can be honed, developed and mastered. In The Art of Judgment, John Adair draws upon his decades of experience and expertise to provide a practical and fascinating insight into how you can harness the full potential of your judgment. These in-depth methods are summarised in 10 key principles, which include: - Thinking to Some Purpose - Experience – the Seedbed - Truth – the Leading Star - How to Share Decisions - The Role of Values With the divisiveness of public discourse and the complexities of modern business, it is more difficult than ever to be sure that you're making the right decision. Adair provides a clear pathway to improving your judgment, beginning with an exploration of the machinations behind decision-making, before demonstrating how you can develop a stronger understanding and control of your judgment. This is an essential companion for any business leader interested in making the best decisions, whether personal or for their organization. Good judgment is the secret behind any success, and also has the potential to accelerate one's own career. This book provides insight, expertise and inspiration for anyone looking to cultivate and develop their art of judgment.
Blackwell Handbook Of Judgment And Decision Making
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Author : Derek J. Koehler
language : en
Publisher: John Wiley & Sons
Release Date : 2008-04-15
Blackwell Handbook Of Judgment And Decision Making written by Derek J. Koehler and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-04-15 with Psychology categories.
The Blackwell Handbook of Judgment and Decision Making is a state-of-the art overview of current topics and research in the study of how people make evaluations, draw inferences, and make decisions under conditions of uncertainty and conflict. Contains contributions by experts from various disciplines that reflect current trends and controversies on judgment and decision making. Provides a glimpse at the many approaches that have been taken in the study of judgment and decision making and portrays the major findings in the field. Presents examinations of the broader roles of social, emotional, and cultural influences on decision making. Explores applications of judgment and decision making research to important problems in a variety of professional contexts, including finance, accounting, medicine, public policy, and the law.
Judgment Calls
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Author : Thomas H. Davenport
language : en
Publisher: Harvard Business Press
Release Date : 2012-03-13
Judgment Calls written by Thomas H. Davenport and has been published by Harvard Business Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-03-13 with Business & Economics categories.
Your guide to making better decisions Despite the dizzying amount of data at our disposal today—and an increasing reliance on analytics to make the majority of our decisions—many of our most critical choices still come down to human judgment. This fact is fundamental to organizations whose leaders must often make crucial decisions: to do this they need the best available insights. In Judgment Calls, authors Tom Davenport and Brook Manville share twelve stories of organizations that have successfully tapped their data assets, diverse perspectives, and deep knowledge to build an organizational decision-making capability—a competence they say can make the difference between success and failure. This book introduces a model that taps the collective judgment of an organization so that the right decisions are made, and the entire organization profits. Through the stories in Judgment Calls, the authors—both of them seasoned management thinkers and advisers—make the case for the wisdom of organizations and suggest ways to use it to best advantage. Each chapter tells a unique story of one dilemma and its ultimate resolution, bringing into high relief one key to the power of collective judgment. Individually, these stories inspire and instruct; together, they form a model for building an organizational capacity for broadly based, knowledge-intensive decision making. You’ve read The Wisdom of Crowds and Competing on Analytics. Now read Judgment Calls. You, and your organization, will make better decisions.
Judgment In Managerial Decision Making 8e With Business Simulation Game 1e Set
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Author : Max H. Bazerman
language : en
Publisher: Wiley
Release Date : 2014-04-17
Judgment In Managerial Decision Making 8e With Business Simulation Game 1e Set written by Max H. Bazerman and has been published by Wiley this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-04-17 with Business & Economics categories.