Details

Subject(s)

• Decision making [Browse]
• Management [Browse]
• Leadership [Browse]

Author

• Luan, Shenghua [Browse]
• Gigerenzer, Gerd [Browse]

Summary note

"Making decisions is one of the key tasks of managers, leaders, and professionals. In Smart Management, Jochen Reb, Shenghua Luan, and Gerd Gigerenzer demonstrate how business leaders can utilize heuristics—simple decision-making strategies adapted to the task at hand. In a world that has become increasingly volatile, uncertain, complex, and ambiguous (VUCA), the authors make the case against complex analytical methods that quickly reach their limits. This against-the-grain approach leads to decisions that are not only faster but also more accurate, transparent, and easier to learn about, communicate, and teach. Smart Management offers an evidence-based yet practical discussion of how business leaders can use smart heuristics to make good decisions in a VUCA world. Building on the fast-and-frugal heuristics program, Smart Management demonstrates the efficacy of heuristic decision making in a twofold approach. First, it introduces the concept of ecological rationality, which prescribes the environmental conditions under which specific heuristics work well. Second, the book describes a repertoire of heuristics, referred to as the adaptive toolbox, that leaders, managers, and professionals can develop and rely on to make a variety of decisions, such as on business strategy, negotiation, and personnel selection. The toolbox not only showcases the practical usefulness of these heuristics but also inspires readers to discover and develop their own smart heuristics."--Provided by publisher.

Notes

Includes a glossary.

Bibliographic references

Includes bibliographical references (pages 231-249) and index.

Source of description

Description based on online resource, publisher supplied metadata and other sources.

Contents

• Part I
• 1. What You (Likely) Won’t Learn in Business School
• 2. Why Heuristics?
• 3. The Adaptive Toolbox
• Part II
• 4. Hiring and Firing
• 5. Strategy
• 6. Innovation
• 7. Negotiating in the Real World
• 8. Building Better Teams and Communities
• 9. Leaders’ Adaptive Toolbox 1-- Part III
• 10. The Power of Intuition
• 11. Creating Smart Decision-Making Cultures
• 12. Artificial Intelligence and Psychological Intelligence
• 13. What You Should Learn in Business School.

Show 12 more Contents items

ISBN

• 9780262378574 ((pdf))
• 0262378574 ((pdf))
• 9780262378567 ((epub))
• 0262378566 ((epub))

LCCN

2023027154

OCLC

1399576296

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