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Executive decision synthesis : a sociotechnical systems paradigm

Author: Victor Tang; Kevin Otto; Warren Seering
Publisher: Cham, Switzerland : Springer Verlag, [2018] ©2018
Series: Contributions to management science.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
This book provides a practice-driven, yet rigorous approach to executive management decision-making that performs well even under unpredictable conditions. It explains how executives can employ prescribed engineering design methods to arrive at robust outcomes even when faced with uncontrollable uncertainty. The book presents the paradigm and its main principles in Part I; in Part II it illustrates how to frame a  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version:
(OCoLC)992746592
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Victor Tang; Kevin Otto; Warren Seering
ISBN: 9783319630267 3319630261
OCLC Number: 1050651460
Description: 1 online resource.
Contents: Intro; Preface; What This Book Is About; Intended Audience; Acknowledgments; Contents; Part I; Chapter 1: Introducing Executive-Management Decisions; 1.1 Examples of Executive Management Decisions; 1.1.1 Motivation; 1.1.2 Four Examples; 1.1.3 Remarks; 1.2 Chapter Introduction; 1.3 A New Prescriptive Paradigm; 1.3.1 Decision: A Compleat Definition; 1.3.2 Whatś New and Different?; 1.3.2.1 Decision Life-Cycle as a Complex of Five Sociotechnical Spaces; 1.3.2.2 Decision as a Specification; 1.3.2.3 Decisions as Intellectual Artifacts; 1.3.2.4 Decisions as Design Synthesis. 1.3.2.5 Decisions That Have Reduced Bias1.3.2.6 Decisions ́Performance as Robustness; 1.3.2.7 Operational Quality as Repeatability and Reproducibility; 1.3.2.8 Decision Alternatives as Spanning the Entire Solution Under any Uncertainty Space; 1.3.2.9 Decisions as Grounded on the Sciences of the Artificial; 1.3.2.10 Paradigm Effectiveness as Readiness for-Work and to-Work; 1.4 What Makes Executive-Management Decisions Challenging?; 1.4.1 Ill-Structured, Messy and Wicked Problems; 1.4.2 Determinants of Messes and Wickedness. 1.4.3 Contributing Factors: Complexity, Uncertainty, Disciplinary, and Organizational Factors1.5 System Effects of Contributing Factors; 1.5.1 Statics of Factor Interactions; 1.5.2 System Dynamics of Interactions; 1.5.3 Executive Decisiveness; 1.6 Decision Design Principles; 1.6.1 Introduction; 1.6.2 Six Principles; 1.7 What Is a Systematically Designed Decision?; 1.8 Chapter Summary; Appendix 1.1 Criteria of Wicked and Messy Problems; Appendix 1.2 Criteria of Super Wicked Problems; Appendix 1.3 Chernś Ten Principles of Sociotechnical Systems Design. Appendix 1.4 Cleggś 19 Principles of Sociotechnical System DesignAppendix 1.5 Potworowskiś (2010) Definitions for Indecision and Indecisiveness; References; Chapter 2: Decision Theories and Methodologies; 2.1 Introduction; 2.2 Origins; 2.3 Four Schools of Decision Theory; 2.3.1 Normative Decision Theory; 2.3.2 Descriptive Theories; 2.3.2.1 Introduction; 2.3.2.2 Prospect Theory; 2.3.2.3 Social Judgment Theory; 2.3.2.4 Ecological Rational Theory; 2.3.3 Prescriptive Decision Theories; 2.3.3.1 Introduction; 2.3.3.2 Analytic Hierarchy Process; 2.3.3.3 Howardś Decision Analysis. 2.3.3.4 Value Focused Thinking2.3.3.5 Real Options; 2.3.3.6 Ecological Rational Theory: Adaptive Tool Box; 2.3.4 Declarative School; 2.4 Tensions Between the Three Schools; 2.5 The Canonical Normal Form; 2.6 What Is a Good Decision?; 2.6.1 Introduction; 2.6.2 Three Dogmas: Normative, Descriptive, and Prescriptive; 2.6.3 Howardś Good Decision; 2.6.4 Carroll and Johnsonś Good Process; 2.6.5 Our Four Rś: Robustness, Repeatability, Reproducibility, and Reflection; 2.6.6 Discussion; 2.7 Chapter Summary; Appendix 2.1 Axioms of Normative Decision Theory.
Series Title: Contributions to management science.
Responsibility: Victor Tang, Kevin Otto, Warren Seering.

Abstract:

This book provides a practice-driven, yet rigorous approach to executive management decision-making that performs well even under unpredictable conditions. In turn, Part III discusses in detail in  Read more...

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