The role of experience, decision environment and decision type in successful decision making
Date
2013
Authors
Talukder, M.
Abdullah, A.B.M.
Editors
Bhuiyan, B.
MMH, M.M.H.
MMH, M.M.H.
Advisors
Journal Title
Journal ISSN
Volume Title
Type:
Conference paper
Citation
Proceedings of 9th Asian business research conference, 2013 / Bhuiyan, B., MMH, M.M.H. (ed./s), iss.406, pp.1-17
Statement of Responsibility
Conference Name
9th Asian business research conference (20 Dec 2013 - 21 Dec 2013 : Dhaka, Bangladesh)
Abstract
The paper outlines a study undertaken to identify the types of impact that prior experience, the decision environment and the decision type could have upon the performances and outcomes of the decisions made. The objective was to portray the relationships between decision performances, prior experience, decision environments and decision types in order to offer advice in the building of decision support systems. Survey data was collected in a large Bangladeshi pharmaceutical company which supported the hypotheses that managers' prior experience is positively related to the decision performance. Moreover, decision performance is affected by uncertainty in the business environment where the decisions are made and the level of un-structuredness of the business decisions. These findings from a developing country correspond to research in developed countries. The implications of this study are that organizations need to actively consider who is taking the decisions within the organization and how likely they are to be able to make effective decisions based upon their career history and levels of experience.
School/Discipline
Dissertation Note
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Rights
Copyright 2013 World Business Institute Australia