Improving the Decision-making by Managers: Choice Architecture

Decision-making and Valuation > Best Practices Premium

Improving the Decision-making by Managers: Choice Architecture
Anneke Zwart, Student (University), Netherlands

A different approach towards improving decision making is 'Choice Architecture'.
In every organization, employees tend to make decisions that will neither benefit their employer nor themselves. According to Beshears (2015), this happens not because those employees are stupid, but rather because of certain patterns in the human brain that lead us to:
- Underestimate the time needed for a certain task;
- Neglect critical information;
- Overestimate our own ability to perform certain jobs;
- Fail to take advantage of company benefits that are in our best interests.

The author argues that its very difficult to rewire such patterns in our brains. Rather than focusing on rewiring the wires, it could be possible to adjust the ENVIRONMENT in which decisions are made. By doing so, the likelihood of employees making better decisions is increased.

The following 5 steps are recommended:

Improved Decision Making by Managers
K.Narayana Moorthy, HR Consultant, India

Of Companies That are Oblivious
Emmanuel Mwirichia, Manager, Kenya


Decision Making with Data
Raj Mohan, Management Consultant, India

Start by Identifying the Decision Point
Sale, Manager, United Kingdom

Importance of Decision Criterion
Vijay Bhatia, Consultant, India

Decision Making... the Cause of Management Problems
Subbaram Ranganathan Aiyar, Professor, Lesotho

The Importance of Developing Decision Criteria
K.Narayana Moorthy, HR Consultant, India


The Importance of CONFIDENCE in the Decision Criteria
K.Narayana Moorthy, HR Consultant, India


Making and Taking Decisions
Vijay Bhatia, Consultant, India


Context of Decision Making Process
Boris Verbitsky, Management Consultant, Israel

Initial Band-aids in Decision Making
Barney Wade Howard, Manager, United States

Issues of a Choice Architecture
Gandhi Heryanto, Director, Indonesia




    Do you wish to study further? You can learn more from the summary, forum, discussions, lessons, courses, training, instructions, expert tips, best practices and education sources. Register.  

More on Decision-making and Valuation


Best Practices
Expert Tips


About 12manage | Advertising | Link to us | Privacy | Terms of Service
Copyright 2016 12manage - The Executive Fast Track. V14.1 - Last updated: 23-10-2016. All names tm by their owners.