scholarly journals Economic behavior and decision making: a single case study

2019 ◽  
Vol 76 (2) ◽  
pp. 115-138 ◽  
Author(s):  
Tetiana Kononovych ◽  
Petro Myasoid
2017 ◽  
Vol 15 (1) ◽  
pp. 29-47 ◽  
Author(s):  
Henk J. de Vries ◽  
Beke Winter ◽  
Harmen Willemse

Decision-making in many standardization committees is consensus-based, but this can be difficult to achieve if stakeholders have conflicting interests. This article develops an approach to consensus-building in standardization by applying the Harvard method of negotiation to standardization. The authors apply this method in a single case study using action research. The case concerns the first meeting of a national standardization committee aimed at preparing national input for a new ISO standard on sustainable wood. Some stakeholders were in favor of a new standard, others opposed it strongly. Consensus was achieved during the first meeting by adopting the Harvard method and by adding a role play exercise. This outcome is promising for similar standardization cases. Both topic and research method are new in standardization research.


2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Karen Philip ◽  
Jim Arrowsmith

PurposeThe strategic human resource management (HRM) literature emphasises the importance of employee involvement and participation for outcomes such as job satisfaction, employee retention and organisational performance. Situational factors identified as conducive to employee participation in decision-making include small size, via less hierarchical, proximate and informal workplace relations. Ownership and mission are also important, with not-for-profit (NFP) organisations generally having more collectivist, commitment-based cultures that support open decision-making. However, such organisations often have weak HRM policies and practices. This paper examines the process and outcomes of employee participation in a small NFP through in-depth case study research.Design/methodology/approachSingle case study utilising longitudinal participant observation, interviews, reflective diary, documentary analysis.FindingsOperating as a collective, the organisation was bound by time and capacity limitations in its ability to plan strategically or even to make routine decisions. Basic HR policies and practices in areas such as staff recruitment and performance management were sub-standard or unobserved. Consequences included poor management, inconsistent training, staff burnout, high labour turnover and sub-optimal performance. The results suggest that weak managerial coordination and the absence of a dedicated HR function subvert effective people management. In such circumstances, strong forms of employee participation fail to deliver anticipated equity and efficiency outcomes.Research limitations/implicationsSingle case study.Practical implicationsSmall organisations need HR policies and dedicated support to ensure that employee involvement and participation are effective.Originality/valueThe findings demonstrate how employee involvement and participation can be subverted by inadequate HR processes, adding qualitative evidence to support theories of HR “bundling” in high-involvement work practices. The research also contributes to the neglected area of HRM in small NFPs.


2018 ◽  
Vol 11 (4) ◽  
pp. 1066-1085 ◽  
Author(s):  
Anne-Cathrine Thore Olsson ◽  
Ulf Johannesson ◽  
Roger Schweizer

PurposeEmphasizing the importance of product cost deviation; the purpose of this paper is to contribute to the new product development (NPD) literature and research on decision making by discussing: How are decisions related to product cost deviations made during a product development project?Design/methodology/approachAn in-depth single case study approach studying the decision-making process of Volvo Cars Cooperation during a car development project is applied.FindingsThe paper suggests that factors influencing how decisions related to cost deviations are made during a NPD are not limited to the classic trade-offs among time, cost and scope, but include managers’ complex cause-and-effect analysis under the influence of values, behaviors and norms. Furthermore, the context is not limited to NPD projects; rather the frame for the decisions and its influencers is at least as wide as the corporate context.Research limitations/implicationsThe common limitations of a single case study apply.Practical implicationsThe study emphasizes the importance of clearly defined targets during a NPD project that need to well communicated, acknowledged and understood by all involved to serve as true business levers. A poor target is likely better than no target. Furthermore, lack of overview or responsibility for the success of the projects, increase the risk for sub-optimization and silo thinking.Originality/valueThe study is pioneering by highlighting the importance of and explaining the implications of decision making related to cost deviations during a NPD project.


2017 ◽  
Vol 13 (3) ◽  
pp. 472-490 ◽  
Author(s):  
Claude-Hélène Mayer ◽  
David Maree

Intuition is defined as a form of knowledge which materialises as awareness of thoughts, feelings and physical sensations. It is a key to a deeper understanding and meaningfulness. Intuition, used as a psychological function, supports the transmission and integration of perceptions from unconscious and conscious realms. This study uses a psychobiographical single case study approach to explore intuition across the life span of Paulo Coelho. Methodologically, the study is based on a single case study, using the methodological frame of Dilthey's modern hermeneutics. The author, Paulo Coelho, was chosen as a subject of research, based on the content analysis of first- and third-person perspective documents. Findings show that Paulo Coelho, as one of the most famous and most read contemporary authors in the world, uses his intuitions as a deeper guidance in life, for decision-making and self-development. Intuitive decision-making is described throughout his life and by referring to selected creative works.


2018 ◽  
Author(s):  
Suyitno

This is a single case study aiming at describing the implementation of leadership, the leadership behavior, and the implementation of participative decision making at Darush-sholihin Boarding School in Nganjuk, East Java, Indonesia. This descriptive qualitative research used participative observation, interview, and documentation. The interactive analysis as advised by Huberman (1992) was employed. This research concluded that the leadership implementation consisted of enhancing the staffs and teachers professionalism and the academic and non academic achievements of the students. The leadership behaviour turned to be the tendency to benchmark, to conduct leaders and teachers discussions, to grow ruchul jihad, to promote reading habits, to promote partnership with parents and related parties, and to give continuous motivation. The decision making turned out to involve principals, staffs, teachers, and the community.


2020 ◽  
Vol 14 (1) ◽  
pp. 54-63
Author(s):  
Tetiana Kononovych ◽  
Petro Myasoid

The purpose of the research was to test the prospects theory of Nobel Prize winner in economics D. Kahneman and A. Tversky, which describes the heuristics of economic decision-making, to the adoption of a decision by a concrete person. The method of the study is the Single Case Study, which is the most basic form of case-oriented research. The empirical material was obtained using the Melbourne decision-making questionnaire. The presence of cognitive biases in the decision-making process was determined based on the framing effect. Many methods were used to test the decision-making style of the research participant N and the components of intellectual-personal potential determined. It shows that there are deviations in the process of concrete economic decision making, which are not the result of heuristics, characterized by D. Kahneman and A. Tversky. The decision of the research participant is based on the rational style of this process and the analytical system of reasoning. There is an interaction between cognitive systems 1 and 2 with the evident dominance of the latter. This system blocks cognitive biases and ensures the achievement of results. At the same time, there is an influence from the properties of the intellectual-personal potential of the research participant, such as rationality, intolerance to un-certainty, emotional intelligence. In conclusion, the prospects theory explains the decision-making process in the case study, but the "systematic errors" which D. Kahneman and A. Tversky speak about are not observed. Therefore, there is an opportunity to continue studying the role of individuality in economic behavior. Keywords: behavioral economics, cognitive systems, decision-making style, prospects theory, sin-gle case study.


Neurocase ◽  
2010 ◽  
Vol 16 (1) ◽  
pp. 59-73 ◽  
Author(s):  
Kirsten Labudda ◽  
Matthias Brand ◽  
Markus Mertens ◽  
Alois Ebner ◽  
Hans J. Markowitsch ◽  
...  

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