Showing posts with the label evidence based management

Teaching Evidence Based Management to Future Executives

Executive decision-making often rests on ambiguous information that is not easily defined. Other times it is a social affair where other managers argue their points until a group consensus is achieved. Unfortunately, the decision-making process doesn’t often rely on the facts. Helping college students use research to make decisions and solve organizational problems helps them round out their decision-making processes and keep their organizations aligned to changing market needs. Successful management requires the ability to implement research into new profit generating methods. There has been observed difference between those who conduct research and those who implement it (Lewis, 2004). This disconnect causes companies to make poor decisions and fail to align their methods to the changing environment. When companies don’t align well their market capitalization begins to decline. The key is to change management styles that are based on the unsubstantiated whims of decision-make