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Fallacies in Decision Making From an Asian Perspective

Author

Listed:
  • Michael Sony

    (Namibia University of Science and Technology, Namibia)

  • Neeta Baporikar

    (Independent Researcher & Consultant, SP Pune University, India)

Abstract

Decision making is integral for organizational success, and for that, the basic tenet is rationality. Yet, no decisions in the workplace are purely rational. Irrational decision-making behaviours are the irrational beliefs of employees. Irrational employee behaviours can cause a billion dollar revenue loss. The purpose of this paper is to study the complex employee phenomenon of workplace irrational decision making and unearth its dimensions. Hence, this study is envisaged as a lived experience using interpretative phenomenological analysis. Participation was by 123 employees working in various capacities in Western India through theoretical sampling frame. The results indicate that it is a multidimensional phenomenon, and prominent are religious, pseudo-scientific, and sorcery-based behaviours. Thus, these findings can help the organizations to understand the irrational behaviours of employees and aid managers to recognize the decisions of their employees to mitigate the bias in irrational decisions.

Suggested Citation

  • Michael Sony & Neeta Baporikar, 2021. "Fallacies in Decision Making From an Asian Perspective," International Journal of Asian Business and Information Management (IJABIM), IGI Global Scientific Publishing, vol. 12(3), pages 117-132, July.
    • Handle: RePEc:igg:jabim0:v:12:y:2021:i:3:p:117-132
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    References listed on IDEAS

    as
    1. Sony, Michael & Mekoth, Nandakumar, 2016. "The relationship between emotional intelligence, frontline employee adaptability, job satisfaction and job performance," Journal of Retailing and Consumer Services, Elsevier, vol. 30(C), pages 20-32.
    2. Vishal Singh Patyal & Maddulety Koilakuntla, 2016. "Relationship between organisational culture, quality practices and performance: conceptual framework," International Journal of Productivity and Quality Management, Inderscience Enterprises Ltd, vol. 19(3), pages 319-344.
    3. Maeve Quaid, 1993. "Job Evaluation As Institutional Myth," Journal of Management Studies, Wiley Blackwell, vol. 30(2), pages 239-260, March.
    4. De Paola, Maria & Gioia, Francesca & Scoppa, Vincenzo, 2014. "Overconfidence, omens and gender heterogeneity: Results from a field experiment," Journal of Economic Psychology, Elsevier, vol. 45(C), pages 237-252.
    5. Michael Sony & Nandakumar Mekoth, 2017. "Workplace spirituality, frontline employee adaptability and job outcomes: an empirical study," International Journal of Process Management and Benchmarking, Inderscience Enterprises Ltd, vol. 7(4), pages 437-465.
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    1. Sony, Michael & Antony, Jiju & Mc Dermott, Olivia & Garza-Reyes, Jose Arturo, 2021. "An empirical examination of benefits, challenges, and critical success factors of industry 4.0 in manufacturing and service sector," Technology in Society, Elsevier, vol. 67(C).

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