Explain evidence-based decision making. Name at least four of the seven implementation principles identified by Pfeffer and Sutton to help companies that are committed to evidence-based management.   

What will be an ideal response?


Evidence-based decision making means managers make decisions based on what actually works. They face the hard facts and use the best evidence to help navigate the competitive environment.

Pfeffer and Sutton identify seven implementation principles to help companies that are committed to using evidence-based management:

1. Treat your organization as an unfinished prototype.
2. No brag, just facts.
3. See yourself and your organization as outsiders do.
4. Evidence-based management is not just for senior executives.
5. Like everything else, you still need to sell it.
6. If all else fails, slow the spread of bad practice.
7. The best diagnostic question: what happens when people fail?

Business

You might also like to view...

________ is the name for a technique requiring a company to identify and determine all of the major costs associated with different sourcing possibilities

Fill in the blank with the appropriate word.

Business

An n × m matrix when added to a p × m matrix (p < m), yields

A) an n × m matrix. B) an n × p matrix. C) an m × p matrix. D) an m × m matrix. E) None of the above

Business

Explain what a trademark is and list the four different types of "marks" that can be protected under trademark law. Explain how each mark is used

Business

Bankruptcy in Chapter 13 is usually to be completed in seven years

a. True b. False Indicate whether the statement is true or false

Business