Smart Management: How Simple Heuristics Help Leaders Make Good Decisions in an U

Description: Smart Management by Jochen Reb, Shenghua Luan "A demonstration of the superiority of the "fast and frugal heuristics" model over statistical analysis for making business decisions"-- FORMAT Paperback CONDITION Brand New Publisher Description Why successful leaders must embrace simple strategies in an increasingly uncertain and complex world.Why successful leaders must embrace simple strategies in an increasingly uncertain and complex world.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. Author Biography Jochen Reb is Professor of Organizational Behavior and Human Resources and founding Director of the Mindfulness Initiative at the Lee Kong Chian School of Business, Singapore Management University.Shenghua Luan is Professor of Psychology and Principal Investigator of the Risk and Uncertainty Management Lab at the Institute of Psychology, Chinese Academy of Sciences.Gerd Gigerenzer is Director of the Harding Center for Risk Literacy at the University of Potsdam, Director Emeritus at the Max Planck Institute for Human Development, and Partner of Simply Rational-the Institute for Decisions. He is the author of Calculated Risks, Gut Feelings, Risk Savvy, and How to Stay Smart in a Smart World (MIT Press). Table of Contents Acknowledgments ixPart I1 What You (Likely) Wont Learn in Business School 32 Why Heuristics? 153 The Adaptive Toolbox 33Part II4 Hiring and Firing 555 Strategy 736 Innovation 897 Negotiating in the Real World 1038 Building Better Teams and Communities 1219 Leaders Adaptive Toolbox 133Part III10 The Power of Intuition 15111 Creating Smart Decision-Making Cultures 16112 Artificial Intelligence and Psychological Intelligence 17713 What You Should Learn in Business School 195Glossary 211Notes 217References 231Index 251 Details ISBN0262548011 Author Shenghua Luan Pages 272 Publisher MIT Press Ltd Year 2024 ISBN-13 9780262548014 Format Paperback Publication Date 2024-05-14 Imprint MIT Press Subtitle How Simple Heuristics Help Leaders Make Good Decisions in an Uncertain World Country of Publication United States Audience General US Release Date 2024-05-14 Illustrations 34 BLACK AND WHITE ILLUS. DEWEY 658.403 ISBN-10 0262548011 UK Release Date 2024-05-14 We've got this At The Nile, if you're looking for it, we've got it. With fast shipping, low prices, friendly service and well over a million items - you're bound to find what you want, at a price you'll love! TheNile_Item_ID:159984440;

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