- Oct 16, 2008
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Studying the recent literature about those in charge of making strategic decisions:
IE:
I think that this information makes very very clear who it is that should be elected president.
-Child: Influences on Strategic Decision EffectivenessRational and political process decision making has a much greater effect on executive level effectiveness than intuition does
Both breath and depth of experience are useful, though depth is much more limited in use than breadth.
Having analogous situations to draw on is useful only when you aren't entirely orthodox about following said analogy, being overly orthodox is dysfunctional when you do not have a perfect analog
-Goll: Rational Decision-MakingComprehensive planning is associated with positive outcomes in environments where there is a lot of potential and things are changing rapidly
-Amason: Distinguishing the Effects of the Functional and Dysfunctional Conflict on Strategic Decision MakingCognitive disagreement is directly related to positive outcomes and learning while emotional conflict has a negative correlation between positive outcomes and learning
-Eisenhardt: "Making fast strategic decisions in high-velocity environments"Fast decision makers use more, not less, information than do slow decision makers. The former also develop more, not fewer, alternatives. This is directly related to positive outcomes in quickly changing environments
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scientific studies show that the most effective and best leaders are those who are rational and thoughtful rather than intuitive.
Also, having a wide breadth of experience rather than a depth in one experience.
In addition fast decision makers use more information available, develop more alternatives, and make better decisions.
I think that this information makes very very clear who it is that should be elected president.