UID:
almahu_9949384455702882
Format:
1 online resource
ISBN:
9781351050050
,
1351050052
,
9781351050074
,
1351050079
,
9781351050043
,
1351050044
,
9781351050067
,
1351050060
Content:
Evidence-Based Decision-Making: How to Leverage Available Data and Avoid Cognitive Biases examines how a wide range of factual evidence, primarily derived from a variety of data available to organizations, can be used to improve the quality of business decision-making, by helping decision makers circumvent the various cognitive biases that adversely impact how we all think. The book is built on the following premise: During the past decade, the new 'data world' emerged, in which the rush to develop competencies around business analytics and data science can be characterized as nothing less than the new commercial arms race. The ever-expanding volume and variety of data are well known, as are the great advances in data processing/analytics, data visualization, and related information production-focused capabilities. Yet, comparatively little effort has been devoted to how the informational products of business analytics and data science are 'consumed' or used in the organizational decision-making processes, as the available evidence shows that only some of that information is used to drive some business decisions some of the time. Evidence-Based Decision-Making details an explicit process describing how the universe of available and applicable evidence, which includes organizational and other data, industry benchmarks, scientific studies, and professional experience, can be assessed, amalgamated, and funneled into an objective driver of key business decisions. Introducing key concepts in relation to data and evidence, and the history of evidence-based management, this new and extremely topical book will be essential reading for researchers and students of data analytics as well as those working in the private and public sectors, and in the voluntary sector.
Note:
Cover; Half Title; Title Page; Copyright Page; Dedication; Contents; List of Figures; Preface; PART I: Decision-Making Challenges; 1 Subjective Evaluations; Thinking and Games; Mind vs. Machine; Learning and Remembering; The Decision-Making Brain; 2 Non-Generalizable Objectivity; Familiar Clues; Anecdotal Evidence; Nonrepresentative Samples; 3 Mass Analytics; Digitization of Life; Data as the New Normal; Data in Organizations; The Analytics Industry; PART II: Evidence-Based Practice; 4 Evidence-Based Movement; The Practice and Science of Management; Evidence-Based Practice; The Road Ahead
,
5 The Essence of EvidenceWhat is Evidence?; Empirical Evidence; Experiential Evidence; Internalizing Evidence; PART III: The Empirical & Experiential Evidence Framework; 6 Probabilistic Thinking; Decision Uncertainty; Evidence Pooling; Cross-Type Amalgamation; 7 The 3E Framework; Organizational Decision-Making; The Empirical & Experiential Evidence Framework; Insight Extraction; Believability of Evidence; 8 Sourcing & Assessing: Operational Data; Data, Research, and Decision-Making; Probabilistic Analyses of Organizational Data; Operational Data and Databases
,
Getting Started with Operational DataExploring Operational Data; Exploratory Data Analysis; Confirmatory Data Analysis; 9 Sourcing & Assessing: Research, Norms, and Judgment; Thematic Analyses of Empirical Research; Summarizing Norms & Standards; Pooling Expert Judgment; PART IV: Evidence-Based Decision-Making in Organizations; 10 Internal Design & Dynamics; Organizations as Human Collectives; Business Organizations; Organizations and Decision-Making; The 3E Framework & Organizational Dynamics; 11 External Forces & Influences; External Forces; Non-Systematic Influences
,
Appendix A: Cognitive BiasesAppendix B: Inter-Expert Reliability; Author Biography; Index
Additional Edition:
Print version: Evidence-based decision-making New York : Routledge, Taylor & Francis Group 2019. ISBN 9781138485198 (hardback)
Language:
English
Subjects:
Economics
,
Psychology
Keywords:
Electronic books.
;
Electronic books.
DOI:
10.4324/9781351050074
URL:
https://www.taylorfrancis.com/books/9781351050074
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