Rational Decisions in Organisations

Rational Decisions in Organisations
Author :
Publisher : CRC Press
Total Pages : 245
Release :
ISBN-10 : 9781000543100
ISBN-13 : 1000543102
Rating : 4/5 (102 Downloads)

Book Synopsis Rational Decisions in Organisations by : Frédéric Adam

Download or read book Rational Decisions in Organisations written by Frédéric Adam and published by CRC Press. This book was released on 2022-05-30 with total page 245 pages. Available in PDF, EPUB and Kindle. Book excerpt: Managers in organisations must make rational decisions. Rational decision making is the opposite of intuitive decision making. It is a strict procedure utilising objective knowledge and logic. It involves identifying the problem to solve, gathering facts, identifying options and outcomes, analysing them, considering all the relationships and selecting the decision. Rational decision making requires support: methods and software tools. The identification of the problem to solve needs methods that would measure and evaluate the current situation. Identification and evaluation of options and analysis of the available possibilities involves analysis and optimisation methods. Incorporating intuition into rational decision making needs adequate methods that would translate ideas or observed behaviours into hard data. Communication, observation and opinions recording is hardly possible today without adequate software. Information and data that form the input, intermediate variables and the output must be stored, managed and made accessible in a user-friendly manner. Rational Decisions in Organisations: Theoretical and Practical Aspects presents selected recent developments in the support of the widely understood rational decision making in organisations, illustrated through case studies. The book shows not only the variety of perspectives involved in decision making, but also the variety of domains where rational decision support systems are needed. The case studies present decision making by medical doctors, students and managers of various universities, IT project teams, construction companies, banks and small and large manufacturing companies. Covering the richness of relationships in which the decisions should and must be taken, the book illustrates how modern organisations operate in chains and networks; they have multiple responsibilities, including social, legal, business and ethical duties. Nowadays, managers in organisations can make transparent decisions and consider a multitude of stakeholders and their diverse features, incorporating diverse criteria, using multiple types and drivers of information and decision-making patterns, and referring to numerous lessons learned. As the book makes clear, the marriage of theoretical ideas with the possibilities offered by technology can make the decisions in organisations more rational and, at the same time, more human.


Rational Decisions in Organisations Related Books

Rational Decisions in Organisations
Language: en
Pages: 245
Authors: Frédéric Adam
Categories: Business & Economics
Type: BOOK - Published: 2022-05-30 - Publisher: CRC Press

DOWNLOAD EBOOK

Managers in organisations must make rational decisions. Rational decision making is the opposite of intuitive decision making. It is a strict procedure utilisin
Rational Decision Making
Language: en
Pages: 447
Authors: Franz Eisenführ
Categories: Education
Type: BOOK - Published: 2010 - Publisher:

DOWNLOAD EBOOK

Rational Decisions
Language: en
Pages: 214
Authors: Ken Binmore
Categories: Mathematics
Type: BOOK - Published: 2008-12-29 - Publisher: Princeton University Press

DOWNLOAD EBOOK

It is widely held that Bayesian decision theory is the final word on how a rational person should make decisions. However, Leonard Savage--the inventor of Bayes
Simply Rational
Language: en
Pages: 329
Authors: Gerd Gigerenzer
Categories: Psychology
Type: BOOK - Published: 2015 - Publisher: Evolution and Cognition

DOWNLOAD EBOOK

Statistical illiteracy can have an enormously negative impact on decision making. This volume of collected papers brings together applied and theoretical resear
Global Encyclopedia of Public Administration, Public Policy, and Governance
Language: en
Pages: 13623
Authors: Ali Farazmand
Categories: Law
Type: BOOK - Published: 2023-04-05 - Publisher: Springer Nature

DOWNLOAD EBOOK

This global encyclopedic work serves as a comprehensive collection of global scholarship regarding the vast fields of public administration, public policy, gove