Framing Decisions: Decision-Making that Accounts for Irrationality, People and Constraints

J. Davidson Frame

ISBN 10: 1118014898 / ISBN 13: 9781118014899

Editore: John Wiley & Sons Inc, 2012

Riguardo questo articolo

2012. 1st Edition. Hardcover. Framing Decisions offers executives an understanding of what decision-making entails, what the traditional paradigm has preached, and how a new decision-making paradigm can remedy the deficiencies of the old. Num Pages: 304 pages, Illustrations. BIC Classification: KJMD. Category: (P) Professional & Vocational. Dimension: 187 x 239 x 26. Weight in Grams: 608. . . . . .

Codice articolo V9781118014899

Dati bibliografici

• Titolo: Framing Decisions: Decision-Making that Accounts for Irrationality, People and Constraints
• Editore: John Wiley & Sons Inc
• Data di pubblicazione: 2012
• Lingua: Inglese
• ISBN 10: 1118014898
• ISBN 13: 9781118014899
• Rilegatura: Rilegato
• Edizione: prima edizione
• Condizione: New

Descrizione articolo

Riassunto

The economic crisis of 2008–2009 was a transformational event: it demonstrated that smart people aren't as smart as they and the public think. The crisis arose because a lot of highly educated people in high-impact positions— political power brokers, business leaders, and large segments of the general public—made a lot of bad decisions despite unprecedented access to data, highly sophisticated decision support systems, methodological advances in the decision sciences, and guidance from highly experienced experts. How could we get things so wrong? The answer, says J. Davidson Frame in Framing Decisions: Decision Making That Accounts for Irrationality, People, and Constraints, is that traditional processes do not account for the three critical immeasurable elements highlighted in the book's subtitle— irrationality, people, and constraints.

Frame argues that decision-makers need to move beyond their single-minded focus on rational and optimal solutions as preached by the traditional paradigm. They must accommodate a decision's social space and address the realities of dissimulation, incompetence, legacy, greed, peer pressure, and conflict. In the final analysis, when making decisions of consequence, they should focus on people – both as individuals and in groups.

Framing Decisions offers a new approach to decision making that gets decision-makers to put people and social context at the heart of the decision process. It offers guidance on how to make decisions in a real world filled with real people seeking real solutions to their problems.

Informazioni sull?autore

J. DAVIDSON FRAME is academic dean and cofounder of the University of Management and Technology (UMT) in Arlington, Virginia, one of the first fully online degree-conferring universities in the United States. Prior to joining the UMT faculty, he served as chairman of the Department of Management Science at George Washington University. Frame is the author of four prior books with Jossey-Bass, including the business bestseller Managing Projects in Organizations, Third Edition. He is a fellow of the Project Management Institute (PMI), where he received PMI's Outstanding Contribution Award and was named PMI's Person of the Year.