8
George P. Huber,
Managerial Decision Making
(Glenview, IL:
Scott, Foresman, 1980). See also David W. Miller and Martin K.
Starr,
The Structure of Human Decisions
(Englewood Cliffs, NJ:
Prentice Hall, 1976); and Alvar Elbing,
Behavioral Decisions in
Organizations
, 2nd ed. (Glenview, IL: Scott, Foresman, 1978).
9
Rene M. Stulz, “Six Ways Companies Mismanage Risk,”
Harvard
Business Review
, March 2009, pp. 86–94; See also Robert Merton,
“Innovation Risk: Make Smarter Decisions,”
Harvard Business
Review
, April 2013, pp. 48–56.
10
“Ford Lays Bet on New Truck by Rehiring 1,000 Workers,”
Wall
Street Journal
, October 31, 2008, pp. B1, B2.
11
“Delta Air Lines to Buy Oil Refinery,”
USA Today
, May 1, 2012,
p. 1B.
12
Gerard P. Hodgkinson, Nicola J. Bown, A. John Maule, Keith W.
Glaister, and Alan D. Pearman, “Breaking the Frame: An
Analysis of Strategic Cognition and Decision Making Under
Uncertainty,”
Strategic Management Journal
, 1999, Vol. 20,
No. 10, pp. 977–985.
13
“Andersen’s Fall from Grace Is a Tale of Greed and Miscues,”
Wall Street Journal
, June 7, 2002, pp. A1, A6.
14
Glen Whyte, “Decision Failures: Why They Occur and How to
Prevent Them,”
Academy of Management Executive
, August
1991, pp. 23–31. See also Jerry Useem, “Decisions, Decisions,”
Fortune
, June 27, 2005, pp. 55–154.
15
Jerry Useem, “Boeing vs. Boeing,”
Fortune
, October 2, 2000,
pp. 148–160; and “Airbus Prepares to ‘Bet the Company’ as It
Builds a Huge New Jet,”
Wall Street Journal
, November 3, 1999,
pp. A1, A10.
16
Robert C. Litchfield, “Brainstorming Reconsidered: A Goal-Based
View,”
Academy of Management Review
, 2008, Vol. 33, No. 3,
pp. 649–668.
17
Paul Nutt, “Expanding the Search for Alternatives During
Strategic Decision-Making,”
Academy of Management Executive
,
2004, Vol. 18, No. 4, pp. 13–22.
18
See Paul J. H. Schoemaker and Robert E. Gunther, “The Wisdom
of Deliberate Mistakes,”
Harvard Business Review
, June 2006,
pp. 108–115.
19
“Airbus Clips Superjumbo Production,”
Wall Street Journal
, May
7, 2009, p. B1.
20
“Accommodating the A380,”
Wall Street Journal
, November 29,
2005, p. B1; “Boeing Roars Ahead,”
BusinessWeek
, November 7,
2005, pp. 44–45; and “Boeing’s New Tailwind,”
Newsweek
,
December 5, 2005, p. 45; “Flyers Losing Faith in Dreamliner,”
USA Today
, January 17, 2013, pp. 1B, 2B; “Dreamliner
Reliability in Doubt After Failures,”
USA Today
, January 9,
2013, pp. 1A, 5A.
21
Jeffrey Pfeffer and Robert I. Sutton,
Hard Facts, Dangerous Half-
Truths, and Total Nonsense: Profiting from Evidence-Based
Management
(Cambridge, MA: Harvard Business School Press,
2006); Pfeffer and Sutton,
“Evidence-Based Management,”
2010,
www.evidence-basedmanagement.com, accessed on September 4,
2013; Donald W. McCormick, “Ethics and the 15 Minute
Evidence-Based Manager,”
Organization Management Journal
,
Vol. 7 (2010), www.palgrave-journals.com, accessed on
September 4, 2013.
22
“The Wisdom of Solomon,”
Newsweek
, August 17, 1987,
pp. 62–63.
23
“Making Decisions in Real Time,”
Fortune
, June 26, 2000,
pp. 332–334. See also Eugene Sadler-Smith and Erella Shefy,
“The Intuitive Executive: Understanding and Applying ‘Gut Feel’
in Decision-Making,”
Academy of Management Executive
, 2004,
Vol. 18, No. 4, pp. 76–91; and Don A. Moore and Francis J.
Flynn, “The Case of Behavioral Decision Research in Organiza-
tional Behavior,” in James P. Walsh and Arthur P. Brief (eds.),
The Academy of Management Annals
, Vol. 2 (London: Routledge,
2008), pp. 399–432.
24
Herbert A. Simon,
Administrative Behavior
(New York: Free
Press, 1945). Simon’s ideas have been refined and updated in
Herbert A. Simon,
Administrative Behavior
, 3rd ed. (New York:
Free Press, 1976); and Herbert A. Simon, “Making Management
Decisions: The Role of Intuition and Emotion,”
Academy of
Management Executive
, February 1987, pp. 57–63.
25
Patricia Corner, Angelo Kinicki, and Barbara Keats, “Integrating
Organizational and Individual Information Processing Perspec-
tives on Choice,”
Organization Science
, August 1994,
pp. 294–302.
26
“Lessons from Saturn’s Fall,”
BusinessWeek
, March 2, 2009, p. 25.
27
Kimberly D. Elsbach and Greg Elofson, “How the Packaging of
Decision Explanations Affects Perceptions of Trustworthiness,”
Academy of Management Journal
, 2000, Vol. 43, No. 1,
pp. 80–89.
28
Kenneth Brousseau, Michael Driver, Gary Hourihan, and Rikard
Larsson, “The Seasoned Executive’s Decision-Making Style,”
Harvard Business Review
, February 2006, pp. 111–112. See also
Erik Dane and Michael G. Pratt, “Exploring Intuition and Its
Role in Managerial Decision Making,”
Academy of Management
Review
, 2007, Vol. 32, No. 1, pp. 33–54.
29
“Three Good Hires? He’ll Pay More for One Who’s Great,”
New
York Times
, March 13, 2010.
30
Barry M. Staw and Jerry Ross, “Good Money after Bad,”
Psychology Today
, February 1988, pp. 30–33; and D. Ramona
Bobocel and John Meyer, “Escalating Commitment to a Failing
Course of Action: Separating the Roles of Choice and Justifica-
tion,”
Journal of Applied Psychology
, 1994, Vol. 79, No. 3,
pp. 360–363.
31
Mark Keil and Ramiro Montealegre, “Cutting Your Losses:
Extricating Your Organization When a Big Project Goes Awry,”
Sloan Management Review
, Spring 2000, pp. 55–64.
32
“Closing Time for a Rock Theme Park,”
Wall Street Journal
,
January 7, 2009, p. B1.
33
Gerry McNamara and Philip Bromiley, “Risk and Return in
Organizational Decision Making,”
Academy of Management
Journal
, 1999, Vol. 42, No. 3, pp. 330–339.
34
For an example, see Brian O’Reilly, “What It Takes to Start a
Startup,”
Fortune
, June 7, 1999, pp. 135–140.
35
Martha I. Finney, “The Catbert Dilemma—the Human Side of
Tough Decisions,”
HRMagazine
, February 1997, pp. 70–78.
36
See Ann E. Tenbrunsel and Kristen Smith-Crowe, “Ethical
Decision Making: Where We’ve Been and Where We’re Going,”
in J. Walsh and A. P. Brief (eds.),
The Academy of Management
Annals
, Taylor and Francis, Philadelphia Pennsylvania, 2010,
pp. 545–607.
37
Edwin A. Locke, David M. Schweiger, and Gary P. Latham,
“Participation in Decision Making: When Should It Be Used?”
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