TAILIEUCHUNG - Lecture Judgment in managerial decision making (8e) - Chapter 12: Improving decision making

After studying this chapter, you should be able to: Identify the internal and external forces for change in an organization; discuss the technological, cultural, strategic, structural, and systems dimensions of change; analyze the process managers should use in evaluating the need for change;. | Judgment in Managerial Decision Making 8e Chapter 12 Improving Decision Making Copyright 2013 John Wiley & Sons 1 Strategies for Better Decisions Use decision-analysis tools Acquire expertise Debias your judgment Reason analogically Take an outsider’s view Understand others’ biases Urge others to improve decisions As we have reviewed throughout this course, we are subject to a variety of biases that limit the effectiveness of our decisions. This has important implications for the outcomes of organizations. In the book Moneyball, the story of the Oakland Athletics success in the early 2000s is described. Many general managers in baseball relied on the intuition of scouts to guide their decision-making. However, this intuition was often biased and led to inefficiencies. Billy Beane, the general manager of the Oakland Athletics, brought in an economics graduate named Paul DePodesta to help him exploit these inefficiencies by approaching the valuation of players with a quantitative .

• Quản trị kinh doanh
• Managerial decision making
• Judgment in managerial decision making
• Decision making
• Improving decision making
• Strategies for better decisions
• Operations strategy
• Product design objectives
• Ethics in decision making
• Fairness in decision making
• Anatomy of decisions
• System 1 thinking
• System 2 thinking
• Making rational decisions
• Claiming value in negotiation
• Game theoretic approaches
• Emotional influences
• Decision mak
• Implicit attitudes
• Social responsibility
• Individual ethics
• Ethical decision making
• Lecture Management
• Managerial environment
• Decision making model
• Administrative model
• Forms of overconfidence
• Consequences of overestimation
• Common biases
• Batting averages
• Bounded awareness
• Role playing exercise
• The reversal of preferences
• Big positive gamble
• Perceptions of certainty
• Common investment mistakes
• Poor investment decisions
• Investment decisions
• Negotiator cognition
• Common mistakes of negotiators
• Escalation of conflict