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Books > Business & Economics > Business & management > Management & management techniques > Management decision making
Enterprise integration and enterprise engineering has become a focal point of discussions during the past few years with active contribution of many disciplines... The evolution from the concept of CAD/CAM, through CIM to the Integrated Enterprise is based on the assumption that the integrated enterprise can (and should) be engineered just as any complex system can.
Strategy requires an ability to conceive the future, see and create
possibilities, and focus to choose a direction. Successful strategy
is a mental discipline consisting of broad ranging, flexible, and
creative thinking. Choosing the Future will help you achieve this
success by studying fundamentals such as effective group thinking,
knowing when to delay a decision for more information, balancing
contrasting modes of thought, and transforming thought into action.
Models and Experiments in Risk and Rationality presents original contributions to the areas of individual choice, experimental economics, operations and analysis, multiple criteria decision making, market uncertainty, game theory and social choice. The papers, which were presented at the FUR VI conference, are arranged to appear in order of increasing complexity of the decision environment or social context in which they situate themselves. The first section Psychological Aspects of Risk-Bearing', considers choice at the purely individual level and for the most part, free of any specific economic or social context. The second section examines individual choice within the classical expected utility approach while the third section works from a perspective that includes non-expected utility preferences over lotteries. Section four, Multiple Criteria Decision-Making Under Uncertainty', considers the more specialized but crucial context of uncertain choice involving tradeoffs between competing criteria -- a field which is becoming of increasing importance in applied decision analysis. The final two sections examine uncertain choice in social or group contexts.
Knowledgeable decision making not only saves you time, money, and effort, but also leads you to extra opportunities. Business Decision Making in China improves your business acumen by showing you who (in itals) is involved in business decision making, how (in itals) decisions have been made, what (in itals) the characteristics and strategies of Chinese decision making are, and why (in itals) decision making has followed certain patterns in China. Practitioners, consultants, and government officials who are involved in business with China as well as academicians researching or teaching about business in East Asia will find this book to be an invaluable resource. Business Decision Making in China introduces you to such subjects as Chinese organizational structures and relationships, tactics of decision making, and traditional Chinese culture. Other vital topics you learn about include: the pros and cons of joint venture enterprises in China the climate for foreign banks operating in China the importance of saving face the concept of "the golden mean" the unity of opposites (Yin-Yang) the 4 realms of Chinese managers'daily affairs modes of thinking (universality versus individuality, thinking in images, understanding abstract thoughts) the parallels between the 5 elements (metal, wood, water, fire, earth) and the 4 P's (product, price, promotion, place)As a guidebook for Chinese business, Business Decision Making in China addresses the broad and integrative discipline of decision making and helps Western business people (who have an entirely different set of patterns, styles, processes, philosophical thoughts, and tactics of decision making) to adapt to their Chinese business partners'or opponents'decision making. Since this book explains the profound process of Chinese decision making in uncomplicated terms and practical business experiences, readers will be able to apply their new knowledge to their long-range strategic planning, to skillfully solving their daily problems or questions, and to wisely avoiding losses from a multitude of potential pitfalls.
Flood introduces a dynamic new problem solving system called Total Systems Intervention (TSI). He provides a clear understanding of TSI in terms of its philosophy, principles and process, explaining what is happening when using this system and how to avoid the main pitfalls in problem solving with TSI. Describes the pros and cons of different catagories of consultants that may be used in the TSI procedure along with guidelines on selecting the right one. Features nine international case studies--each one appraising a diverse type of organisational problem solving using TSI.
Power Partnering is a brilliant yet refreshingly simple approach that breaks innovative thinking and acting down into four distinct contexts, allowing people to respond to complex situations in highly creative and innovative ways. In the not too distant future, successful companies will be defined by their ability to manage their knowledge assets. Power partnering is one very important strategy for success. It avoids the pitfalls inherent in traditional approaches to running businesses, particularly those that emphasize 'power over and control of' people. This book is concerned with creating environments of interaction where co-workers, customers, suppliers and customers' customers interact in meaningful and creative ways. These environments promote new ways of thinking, insightful perspectives and fresh ideas.
Many, if not most, of one's important decisions are made in the
context of one's work. However, because workplace decisions cover
such a broad range of issues, it often is difficult to detect
underlying commonalities in how they are made, and in how things go
wrong when they do go wrong. As a result, there are nearly as many
different descriptions of workplace decisions as there are
decisions themselves. In this volume, the best features of these
diverse descriptions are unified in a new, intuitively compelling
view of decision making called "Image Theory." The result is a
clear picture of real-life, day-to-day workplace decision making
that allows us to think constructively about how such decisions are
made and about how to improve them when improvement is
necessary.
Volume 12 of the "Applications of Management Science" series is directed toward the applications of management science to: Multi-Criteria Decision Making, Operations and Supply Chain Management, Productivity Management (DEA), and Financial Management. This volume will prove valuable to researchers, practitioners and students of management science and operations research. It provides an overview of some of the most essential aspects of the discipline and is an excellent point of reference for persons interested in management or management science. It focuses on four key applications of management science, and is targeted towards a wide audience of researchers, practitioners, and students.
Get to better, more effective strategy.
Turbulence is not new to the business world. In fact, the turbulence is increasing and managers are seeing teams spinning their wheels. But now there is a book that addresses these realities-Problem Solving for Results. Management systems are in a state of crisis and operations are more complex. The old top-down operations mode no longer suffices. Today's businesses demand speed and increased accuracy, forcing everyone to re-evaluate chains of command and tear down the walls between functions. Amid the responsibilities of traditional management lies problem solving. The push is toward moving decision-making authority down the ladder to all levels. Managers are no longer equipped to or capable of making the number and variety of necessary decisions in a vacuum. The current mode is to have employees deal directly with workplace issues and take corrective action without complaint and without management involvement. Coping with this reality and preparation for these improvements in workplace problem solving requires interest and motivation. Problem Solving for Results can facilitate this by demystifying and simplifying the process. This book bridges philosophy and theory and puts together a practical integration of all the tools necessary to get results from your investment of time, energy, and money.
The US Department of Commerce estimates that nearly 10% of the US's $9 trillion GDP is exposed to weather risk. All over the world providers and end users are recognizing this fact and are turning their attention to ways of protecting against or taking advantage of changes in the weather. This book explores a market that is expected to expand rapidly and is one of the fastest areas of growth in the financial arena.
The economic crisis of 2008-2009 was a transformational event: it demonstrated that smart people aren't as smart as they and the public think. The crisis arose because a lot of highly educated people in high-impact positions-- political power brokers, business leaders, and large segments of the general public--made a lot of bad decisions despite unprecedented access to data, highly sophisticated decision support systems, methodological advances in the decision sciences, and guidance from highly experienced experts. How could we get things so wrong? The answer, says J. Davidson Frame in "Framing Decisions: Decision Making That Accounts for Irrationality, People, and Constraints," is that traditional processes do not account for the three critical immeasurable elements highlighted in the book's subtitle-- irrationality, people, and constraints. Frame argues that decision-makers need to move beyond their single-minded focus on rational and optimal solutions as preached by the traditional paradigm. They must accommodate a decision's "social space" and address the realities of dissimulation, incompetence, legacy, greed, peer pressure, and conflict. In the final analysis, when making decisions of consequence, they should focus on people - both as individuals and in groups. "Framing Decisions" offers a new approach to decision making that gets decision-makers to put people and social context at the heart of the decision process. It offers guidance on how to make decisions in a real world filled with real people seeking real solutions to their problems.
Managing environmental contamination requires decision makers to weigh eXlstmg risks against the potential effects of implementing environmental policies - considering both the benefits and disruptions that may result from different actions. The NATO Advanced Research Workshop in Lisbon was an important step in the development and application of cost efficient methods of risk assessment especiaIly within the constraints of a budget. The goal of the workshop was to evaluate the potential for risk assessment to serve as a unified and unifying technique in addressing a wide range of environmental problems. Papers presented in this book discuss issues ranging from specific and local studies (specific site, ecosystem, pollutant) to global decision and management frameworks (watersheds, regions, integration of multiple poIlutants and stressors); they develop a range of approaches starting from specific methods to widely applied public policies (Figure 1). The papers show that the use of risk assessment can provide the scientific basis for environmentaIly sound and cost-efficient policies, strategies, and solutions to our environmental chaIlenges. The organization of the Proceedings reflects sessions and discussions during the workshop. The papers in the introductory Chapter summarize the positions of Drs. Glenn Suter (EPA) and Jim Wilson (Resources for the Future) regarding whether the use of often-expensive risk assessments in developing countries can be justified, given evolving regulatory institutions and limited resources.
While there are many different models for performing system analysis, the multi-criteria decision making method has proven to be one of the most efficient. By analyzing the key concepts of this theory, the technique can be enhanced and will benefit future organizations and companies in novel ways. Multi-Criteria Decision Making for the Management of Complex Systems provides a comprehensive examination of the latest strategies and methods involved in decision theory. Featuring extensive coverage on relevant topics such as nested scalar convolutions, Pareto optimality, nonlinear schemes, and operator performance, this publication is ideally designed for engineers, students, professionals, academics, and researchers seeking innovative perspectives on the supervision of advanced decision making theories in system analysis.
Outlining the requirements for management success in the Twenty-first century, the author proposes both a senior management career path to achieving top executive responsibilities and how the CEO successfully meets his or her challenges once that apex position is achieved. Over forty years of global management experience, including more than a decade as a Chief executive officer, underscores the dynamics of this book. It is intended for the aspiring individual who currently has some management experience, the ambition and dedicated focus to be a business leader, the self-confidence to be recognized, and to be comfortable with risk taking and to exercise "out of the box" thinking in accomplishing the vision they develop for their organization. It definitely is not for the faint of heart The book covers all the dynamics of these objectives, including the importance of the family, effective time management, discipline in all of its meanings and the real relationships between the business leader, the Board of Directors, the executive team, shareholders, employees, the market, and the increasing influence of government actions and involvement. Simply put, the purpose of this book is to assist you in planning and executing your career path to advance from your current business responsibilities to those of senior executive leadership - to those of a Chief Executive Officer, Managing Director or similar level of responsibilities. Recognizing that times and business environments change, it is designed to meet the challenges of the 21st Century; challenges you will face as an executive. This book is based on the author's personal business experiences covering 40 plus years. His senior management background included that of a CEO and President of a global heavy manufacturing, engineering and construction, and systems corporation. His business, military service and academic background proved to be of considerable value during the ups and downs of personal, corporate, and family life. It also provided him the basis for steadfast standards and values, affording an ethical barrier against the increasing prevaricating, cheating, obfuscating, thievery, and fraudulent global business and government events of the last 30 years or so. Unlike the questionable ethics and opportunistic management practices so evidenced by the Enrons, WorldComs, Tyco Internationals, MCIs, AIGs and, more recently, the Madoffs, Stanfords and Rothsteins of the world; the standards underwrote the strategic soundness of "being smart rather than clever" and trust implied in such policies as "Your Word is your Bond." This book is about the value and benefits of hard work, smartly done. It is about strengthening your self-confidence, flexibility and agility, and of realizing that you'll never fully achieve your potential, but you'll always - throughout your life - be striving for that goal. You are the person who never quits. You will find the premises of this book of considerable value. It is for the individual who "wants to make a difference," and who realizes that risks always are present in striving to achieve worthwhile goals.
Risk-Based Environmental Decision: Methods and Culture presents the principles of human health risk analysis as they are applied in environmental decisions. It balances the discussion of scientific theory and methods, philosophical analysis, and applications in regulatory decisions. The material is directed towards risk analysts who must apply their skills in a policy setting, and towards policy analysts who must use risk estimates. The presentation is suited ideally as an introductory text on the methods of risk analysis and on the cultural issues that underlie these methodologies. An important feature of Risk-Based Environmental Decision: Methods and Culture is that it is designed around a series of detailed case studies of environmental risk analysis which walk the reader from the historical nature of the problem, to the formulation as a risk-based problem, to the conduct of risk analysis, and on to the application, debate, and defense of the risk analysis.
Soft computing techniques are innovative tools that use nature-inspired algorithms to run predictive analysis of industries from business to software measurement. These tools have gained momentum in recent years for their practicality and flexibility. The Handbook of Research on Fuzzy and Rough Set Theory in Organizational Decision Making collects both empirical and applied research in the field of fuzzy set theory, and bridges the gap between the application of soft computational approaches and the organizational decision making process. This publication is a pivotal reference for business professionals, IT specialists, software engineers, and advanced students of business and information technology.
Is there a way for people on both sides of a dispute to come out ahead? Yes, says Stuart Nagel, and he calls his method super-optimizing decision making. Instead of expecting both sides to come out ahead of their worst initial expectations, Nagel's super-optimum solutions approach (SOS) allows both to come out ahead of their "best" initial expectations, and to do so simultaneously. Nagel offers readers in all fields of the public sector, with diverse interests and experiences, a clear, well-illustrated introduction to the basic concepts and principles of super-optimized decision making. Emphasizing rule-making and broader policy controversies rather than individual cases of adjudication, and with less reliance on mathematics and statistics than other books on decision-making techniques, Nagel's approach is basically commonsensical and easily grasped. Decision makers in the public sector will find the book fascinating and of special importance in their daily activities. Private-sector executives will find that its approaches can indeed be adapted to their own special concerns.
Everything a first-time manager needs to know about leading and managing other people. It's great to find yourself with a new promotion and to suddenly have fresh challenges at work. But managing other people can be a daunting responsibility when it's your first time - particularly if you find yourself as the boss of former colleagues or friends. Packed with practical advice, Succeed as a New Manager will help you sail through issues such as getting to know your team, dealing with internal politics, the rise of hybrid and remote working, motivating others, and celebrating success. Whatever your new job, Succeed As a New Manager will help you find your feet and get great results along the way. This book also includes a quiz, step-by-step action points, common mistakes and advice on how to avoid them, top tips, and summaries of key points.
For years, organizations have struggled to make sense out their data. IT projects designed to provide employees with dashboards, KPIs, and business-intelligence tools often take a year or more to reach the finish line...if they get there at all. This has always been a problem. Today, though, it's downright unacceptable. The world changes faster than ever. Speed has never been more important. By adhering to antiquated methods, firms lose the ability to see nascent trends and act upon them until it's too late. But what if the process of turning raw data into meaningful insights didn't have to be so painful, time-consuming, and frustrating? What if there were a better way to do analytics? Fortunately, you're in luck...Analytics: The Agile Way is the eighth book from award-winning author and Arizona State University professor Phil Simon. Analytics: The Agile Waydemonstrates how progressive organizations such as Google, Nextdoor, and others approach analytics in a fundamentally different way. They are applying the same Agile techniques that software developers have employed for years. They have replaced large batches in favor of smaller ones...and their results will astonish you. Through a series of case studies and examples, Analytics: The Agile Way demonstrates the benefits of this new analytics mind-set: superior access to information, quicker insights, and the ability to spot trends far ahead of your competitors.
This book presents a selection of current research results in the field of intelligent systems and draws attention to their practical applications and issues connected with the areas of decision-making, economics, business and finance. The nature of the contributions is interdisciplinary - combining psychological and behavioural aspects with the theory and practice of decision-support, design of intelligent systems and development of machine learning tools. The authors, among other topics, discuss the multi-expert evaluation with intangible criteria, suggest a redefinition of the standard multiple-criteria decision-making framework, propose novel methods for causal map analysis and new feature selection methods. The topics are selected to stress the potential of the up-to-date intelligent methods to deal with practical problems relevant in these areas and to provide inspiration for advanced students, researchers and practitioners in the respective fields.
Uncover repeatable processes and timeless fundamentals that can be tailored to any situation with this inspiring guidebook that encourages individual and organizational innovation. With the challenges of cultural constraints and variable conditions, there is no exact blueprint to drive innovation. Even so, there are ways to make it more possible. Regardless of your situation, the basic "what" and "how" of innovation has not changed. Get advice from innovators in a variety of fields who provide the substance you need to build a solid innovation program. These practical messages deliver guidance to help you become a better innovator yourself and to create the team dynamics to boost organizational performance. Writers of innovation essays include Eric Garvin, Global Hawk manager at Northrop Grumman Corporation; Paul Byron Pattak, political and business strategist; Chris Haddock, head football coach at Centreville High School in Centreville, Virginia; and many more Become a pragmatic visionary who not only sees where an organization needs to go but who knows how to inspire people to achieve goals. Get a foundation of solid skills to start Hitting the Innovation Jackpot.
This book shifts the debate on knowledge transfers within
multinational corporations (MNCs) back to its core: How can we
increase the effectiveness of cross-border transfers of knowledge?
Several perspectives on international knowledge flows, from control
issues to cultural barriers, are integrated into a comprehensive
framework. Based on a sample of leading MNCs, empirical results
show which managerial mechanisms have to be implemented to increase
the benefit from knowledge transfers in headquarters and
subsidiaries.
Recently knowledge management and management learning has received considerable published coverage; however, most of this exposure is based on a rational, mechanistic view of knowledge management. Practice, on the other hand, has taught us that knowledge management and learning are extremely broad concepts with an expanding area of subfields. This rationalized and measured view of knowledge management has lead to a more technologically driven development of the field. In practice, however, this view of knowledge management has fallen short of its promise. This situation has created the need for a more encompassing approach to knowledge management. An approach that will encompass a wider domain of knowledge management topics; including topics such as, workplace learning, knowledge infrastructure, knowledge representation, innovation and learning, knowledge culture and learning, and knowledge technologies. KNOWLEDGE MANAGEMENT AND MANAGEMENT LEARNING: Extending the Horizons of Knowledge-Based Management examines a range of topical considerations in the field by utilizing dynamic and non-linear systems behavior or the complexity paradigm. From this examination have come a number of new and promising relevant extensions to knowledge management and its practice. Many of the topics have been pulled from "real world" situations in actual companies, and therefore these topical treatments reflect quantitative and qualitative research done within the knowledge management framework of actual company experience. Offered are a series of topical treatments that extend the parameters of knowledge management and examine the practical implications of these extensions. The book begins with anextended introduction and theoretical framework. Contributing authors have written chapters that add to both the framework and the practical consequences of knowledge management. These chapters suggest many lessons learned that will find considerable use in practice. Some of these chapters include an investigation of the "doa (TM)s and dona (TM)ts" virtual learning based on real-life cases, the use of design teams for group learning, the role of language and the creation of common ground between company and client, culture as a dynamic and non-linear constructed concept, innovation and knowledge management and more. The book offers an exceptional range of contributions within a developing paradigm. Within this context, the book illustrates why and how of knowledge management is important for companies. |
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