Strategic Decision Making. Debiasing, Nudging and SWOT Analysis


Essay, 2020

13 Pages, Grade: 1,3

Anonymous


Abstract or Introduction

Decision making is part of the management process. Before making decisions, certain variables are assigned to the various possible alternatives to assess their advantages. However, our decisions are far from being as rational as we think, and as classical economic theory suggests. This fact has far-reaching consequences - not only for strategic business areas such as the finance function and the management consulting function.

How decisions are made, how they can be improved, and the methods involved are described in this essay. The essay is divided into two main parts. The first part includes a theoretical discussion of the process of decision making and provides an introduction to the concept of different approaches of the decision-making process in light of economic theories. The second part reflects the strategic approach to decision-making. It will be explained how neuroscience can be used and how basic management tools can be exploited; these will be explained at the example of the swot analysis. In the end, there will be a summary with a conclusion of this scientific essay.

Details

Title
Strategic Decision Making. Debiasing, Nudging and SWOT Analysis
College
University of applied sciences Frankfurt a. M.
Course
Strategic Management
Grade
1,3
Year
2020
Pages
13
Catalog Number
V1026089
ISBN (eBook)
9783346428455
ISBN (Book)
9783346428462
Language
English
Tags
Decision making, strategic management, strategic, management, swot, entscheidungen, bias, heuristics, behavioural economics, classic theory, classic economic theory, heuristic and bias, nudging, debiasing, management tools
Quote paper
Anonymous, 2020, Strategic Decision Making. Debiasing, Nudging and SWOT Analysis, Munich, GRIN Verlag, https://www.grin.com/document/1026089

Comments

  • No comments yet.
Read the ebook
Title: Strategic Decision Making. Debiasing, Nudging and SWOT Analysis



Upload papers

Your term paper / thesis:

- Publication as eBook and book
- High royalties for the sales
- Completely free - with ISBN
- It only takes five minutes
- Every paper finds readers

Publish now - it's free