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Introduction

In: Successful Decision-making

Author

Listed:
  • Rudolf Grünig

    (Université de Fribourg LS für Unternehmensführung)

  • Richard Kühn

    (Universitét Bern Fak. Rechts-/Wirtschaftswissenschaften Inst. Marketing/Unternehmungsführung)

Abstract

In today’s rapidly changing environment, management personnel, whether in companies, in non-profit organizations or within governmental departments, are constantly confronted with decision problems with far-reaching consequences. Survival and long-term success will often depend on finding the right solution. This is confirmed by research carried out in Great Britain. In the study, 270 executives were interviewed from organizations reporting a total annual revenue of more than £200,000,000 each in the three sectors “Financial services”, “Central and local government” and “Manufacturing and retail”. “Almost eight of ten respondents…felt organizational decisiveness had impact on overall business agility”. This evaluation of the great importance of decision-making is confirmed by the fact that the average value of the financial impact of a decision is approximately £167,000 (Capgemini, 2004, p. 2).

Suggested Citation

  • Rudolf Grünig & Richard Kühn, 2009. "Introduction," Springer Books, in: Successful Decision-making, pages 1-3, Springer.
    • Handle: RePEc:spr:sprchp:978-3-642-00854-2_1
    DOI: 10.1007/978-3-642-00854-2_1
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