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 Handbook of Decision Making eBook

Handbook of Decision Making


eBook Publisher: John Wiley & Sons
Imprint: Wiley-Blackwell

Format: ePub Encrypted (DRM)


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Wiley's new Handbook of Decision Making is a vital reference text for all students and professionals of management, organization and decision making. The handbook offers a wide range of theoretical and empirical approaches to the understanding of organizational and strategic decisions. Contributors are internationally known experts drawn from North America, Canada and Europe who have spent many years in the study of decision making, and decision making relevant topics. We believe the handbook will become a tour de force in the understanding decision making, offering a wide variety of perspectives, topics, and summative understanding of the field. Chapters in the Handbook were prepared by the leading experts in their field and include cutting edge empirical, theoretical, and review chapters. The chapters bring together for the first time a critical mass of writing on decision making as an organizational and research activity. The Editors are two of the leading international experts in decision making and contribute to the Handbook with five original Chapters that offer an appraisal of the field and suggestions for research, as well as the current status of decision making practice and suggestion for improvement.

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Title of Business & Economics eBook: Handbook of Decision Making
Release Date: 09-07-2010
Publisher: Wiley-Blackwell

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Parent title Handbook of Decision Making
Encrypted (DRM) Yes
SKU 9780470664865
File size 3017
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Handbook of Decision Making


Chapter One

Crucial Trends and Issues in Strategic Decision Making

Paul C. Nutt and David C. Wilson

Introduction

Studies of strategic decision making are central to organization theory. March and Simon (1958) suggested that managing organizations and decision making are virtually synonymous. The dynamics of organizing require a deep understanding of decision making. As organizations grow and become more complex, decision making becomes a central activity. Managers are expected to make choices among alternatives that are often uncertain and to choose wisely in order to benefit both the organization and its key stakeholders. This has prompted researchers to study decision processes to find ways in which decisions can be improved.

The study of decision making has spanned a number of levels of analysis, which range from individual cognition to the cultural characteristics of nation states. Many disciplines inform our knowledge from mathematics to behavioural theories of social science. The term strategic decision making is often used to indicate important or key decisions made in organizations of all types. The term organization includes any collective social, economic or political activity involving a plurality of human effort. Strategic decisions emphasize the social practice of decision making as it is carried out among and between individuals in the organization. When studying decision making, both the organizing of decision activity as a collective phenomena and the cognitive processes of individual decision makers t

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