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We make decisions, and these decisions make us and our organisations. And in theory, decision-making should be easy: a problem is identified, the decision-makers generate solutions, and choose the optimal one - and powerful tools are available to facilitate the task. This guide to decision making aims to improve decision-making in organisations.
When a venture seems to be faltering, do you persist and hope that things will get better or do you cut your losses? This may be one of the most important decisions business or project owners may ever have to make. This title introduces the concept of entrapment, a variation whereby decision-makers passively drift towards insolvency.
The collapse of Barings' Bank was a commercial catastrophe that resonated worldwide, showing what kind of secrets can lie behind an apparently successful organization. This book challenges the myth that Barings 'must have known' that mischief was afoot. It is also suitable to those interested in social psychology, and organizational behaviour.
In a clear and engaging way, this book presents a holistic insight into the nature of risk and decision making, shedding new light on the reasons why the outcome of so many high profile cases and policy failures could have been different. It explores what the non--scientific disciplines add to onea s understanding of risk and uncertainty.
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