Want to improve your organization’s decision-making ability? Do better decisions increase profits, reduce risk and operating costs, and improve customer, partner, and employee satisfaction? Download this Siebel Systems white paper and learn the five key components of a successful customer relationship management CRM initiative and how they can improve...
Within the newly formed Group that arose from the two big Austrian banks there were, as can be expected, two completely different worlds in place in terms of systems, processes and products. Bank Austria Group management was kept up-to date with briefings and reports on how the project was progressing....
This article reports on how layering biometric identification technologies can create a more secure information system or critical infrastructure. Voice, fingerprints, hand geometry and iris recognition technologies combined with human reasoning and decision-making skills can be extremely powerful tools. The crux of the problem is pulling it all together -...
A $300M developer of biomedical research technology was struggling to identify a long-term product road map that would raise company revenues to $1B. Building off the company's existing product development program, PRTM implemented a comprehensive portfolio management process for guiding decisions surrounding the company's five-year product road map. PRTM also...
In 1996, North Carolina mandated a new approach to improving student achievement by transferring significant decision-making authority from central administration to individual schools. The challenge was: to develop the capacity as an individual to take responsibility for "The Whole" and to make commitments to shared team activities and goals, to...
What is most surprising is that if the ranks of middle management is examined, the numbers of women and minorities are at an all time high. In most consumer product companies, women represent the predominant group in their marketing department and virtually every company has some form of aggressive minority...
The knowledge possessed by an organization and its members can be classified as explicit or tacit. Explicit knowledge can be codified and communicated without much difficulty. Tacit knowledge - such as the manner of operating sensitive equipment, decision-making judgment in the absence of data, or interpersonal skills - is not...
Most owners, by the very nature of starting a business, were assertive, risk takers, pro-active, and reactive to every issue Nothing escaped them. But, in the life cycle of owning a business, many owners become complacent slowly over a period of years. Somewhere along the road to success, a number...
This paper examines the applicability of the Vroom-Yetton model of leadership and decision making to the battlefield behavior of ten commanding generals in six major battles of the American Civil War. The purpose of the paper was twofold. The first objective was to see if it is possible to utilize...
Decision making can be hard. Almost any decision involves some conflicts or dissatisfaction. The difficult part is to pick one solution where the positive outcome can outweigh possible losses. Avoiding decisions often seems easier. Yet, making one's own decisions and accepting the consequences is the only way to stay in...
Harvard's Howard Raiffa is the father of decision making science, so it was an honor for me to attend a 2006 workshop he presented on developing critical thinking skills. I thought about him this week with news that he won the 2008 Thomas C. Schelling Award, presented for work that...
Food shortages, escalating energy costs, and rising consumer prices are all taking their toll on markets around the world. In such an uncertain environment traditional business forecast models become less effective navigation aids for steering your company. So what do you do to prepare should...
Decision making is tricky business, especially when it comes to large groups. This paper goes with advantages and disadvantages of group decisions... There are several instances in professional as well as personal life when decision-making requires opinions and inputs from more than one or two people. This is where group...
Decision-making is the final resultant of mental process of exploring various alternatives. Further it can be the manifestation of mind. In the process of decision-making our unconscious feelings and emotions are compressed and go through a chaotic process turning thoughts into a decision. This paper will help you in decision...
Do decisions about where to spend or invest the money make paralyzed? Take fear and stress out of the decision-making process by increasing your knowledge in three key areas. This paper explains three principles about financial decision making. The financial decision process moves to the specific investment or strategy itself....
The Find: Praising employees after a mistake in an effort to boost their self-esteem can make them even more likely to screw up again, according to new research from the Kellogg School of Management and the London Business School. The Source: "The Promise and Peril of Self-affirmation...
Smart business leaders understand that confidence affects decision-making and ultimately a company's earnings. But giving employees positive feedback in the hopes of promoting better decisions sometimes can backfire. Some types of positive feedback actually can escalate perceived threats to the ego and increase the need to prove that a questionable...
This paper offers a simplification to the complex and imposing task of "Decision Making". This is important and should not be dismissed or minimized. Decision making applies to almost every aspect of our lives and has a profound effect on our lives. It is fraught with peril for making life...
This paper develops a theoretical model of dynamic decision-making of a monetary policy committee with heterogeneous members. It investigates the optimal transparency, and the optimal way of transmitting information of committees, by analysing the effects different communication strategies have on financial markets. It is shown that the communication strategy of...
As a business leader you're constantly faced with making decisions. Lots of decisions are ranging from no brainers to complex and difficult. If you have had some formal business training, you may even be using a few decision making tools such as the pareto analysis, force field analysis, decision trees,...
