How Social Culture Impacts Young Executive Decision Making in a Context of Uncertainty

2018 ◽  
pp. 55-72
Author(s):  
Kenneth David Strang ◽  
Narasimha Rao Vajjhala
Keyword(s):  
Decision Making ◽  
Literature Review ◽  
Social Science ◽  
Critical Analysis ◽  
Controlled Experiment ◽  
Uncertain Information ◽  
Social Culture ◽  
Executive Decision Making ◽  
High Degree

In this chapter, we explore social science theories that could explain how executives make decisions in contexts with a high degree of uncertainty. In particular we focus on how emerging young executives respond to risk in situations of uncertainty. First, we conduct a literature review followed by a critical analysis of socio-cultural decision-making literature. Then we performed a controlled experiment using a sample of senior university students to represent young executives. A context of uncertainty was designed which required the participants to work in small teams and make a decision based on incomplete and uncertain information about a managerial case study. In this way, we intended to illustrate what aspects of culture impacts decision making in a context of uncertainty.

scholarly journals HR analytics a roadmap for decision making: case study

2019 ◽  
Vol 15 (2) ◽  
pp. 979 ◽  
Author(s):  
Brahim Jabir ◽  
Noureddine Falih ◽  
Khalid Rahmani
Keyword(s):  
Operating System ◽  
Decision Making ◽  
Literature Review ◽  
Human Resources ◽  
Management Model ◽  
Amount Of Information ◽  
Vast Amount ◽  
The People ◽  
The Impact

<p>In the socio-economic world, the human resources are in the most top phase of the enterprise evolution. This evolution began when the arithmetic, statistics are applicable over a vast of opportunities and used to identify problems and support decision. However, analytics has been emerged to provide predictions and understand the people performance based on available data.</p>In light of this vast amount of information, human resources services need to deploy a predictive management model and operating system of analytics that can be an efficient and an instead solution that can respond to the gaps of the traditional existing ones and facilitate the decision making. In this paper, we present a literature review of this HR analytics concept and a case study concerning the impact of interventions using an analytics solution.<p> </p>

scholarly journals Financial Literacy of Students – The Case Study of UITM in Rzeszów, Poland

e-Finanse ◽  
2020 ◽  
Vol 16 (3) ◽  
pp. 106-118
Author(s):  
Karolina Palimąka
Keyword(s):  
Decision Making ◽  
Information Technology ◽  
Young People ◽  
Literature Review ◽  
Financial Literacy ◽  
Financial Knowledge ◽  
Decision Making Process ◽  
Degree Programs

Abstract The article focuses on the phenomenon of financial literacy of students. Financial literacy is treated as a combination of financial knowledge and the decision-making process where one has to make a choice based on experience and theory. The aim of this paper is to draw attention to the essence of financial literacy, including knowledge of banking (especially of young people). For this purpose, a literature review was used. Own research complements the topic as a case study, where the author verifies whether students assess their knowledge in a way that corresponds to reality and verifies whether students need to expand their financial knowledge sorely necessary nowadays. The survey was completed by 380 students from University of Information Technology and Management in Rzeszów, of both economic and non-economic field of studies. There are some unexpected results, for example the most important is that students from a financial field of studies end up with worse results than their peers from the non-financial degree programs.

scholarly journals Evaluation of Preventive Measures and Forecasting of COVID-19 Infection: Case Study Egypt.

2022 ◽  
Author(s):  
Safaa A A Khaled ◽  
Ahmed A A Hafez
Keyword(s):  
Infectious Disease ◽  
Decision Making ◽  
Preventive Measures ◽  
Swarm Optimization ◽  
Death Rates ◽  
Health Authorities ◽  
Heuristic Technique ◽  
Egyptian Government ◽  
High Degree

Abstract Background COVID-19 is a highly infectious disease caused by SARS-CoV-2. This article assessed the effectiveness of preventive measures of COVID-19 infection, including social distancing (SD) and quarantine (Q) of patients and contacts in Egypt. Methods A simple model was developed to predict the infection rate without preventive measures. The article utilizes fertile meta- heuristic technique and particle swarm optimization (PSO), to predict the growth of the disease. Results A correlation between the predicted and actual infected cases, validated the proposed forecasting algorithm. Preventive measures together with the Egyptian Government stay home order reduced 98% of expected infections. PSO analyses showed that infection and death rates will continue to increase particularly with lifting these restrictive preventive measures. Conclusions The advised PSO model could predict COVID-19 infection and death rates with high degree of accuracy. This prediction model could help health authorities in decision making.

scholarly journals Real inclusion or simulation? An exploration of advertising campaigns and the gay community in Mexico

Telos ◽  
2020 ◽  
Vol 22 (1) ◽  
pp. 204-222
Author(s):  
Cinthya Janette Martinez Martinez ◽  
Oscar Javier Montiel Mendez ◽  
Claudia Ivette Rodriguez Lucio ◽  
Jose Roberto Tovar Herrera
Keyword(s):  
Literature Review ◽  
Latin American ◽  
Critical Analysis ◽  
Global Level ◽  
Advertising Agencies ◽  
Gay Community ◽  
Social Fact ◽  
Commercial Advertising ◽  
Present Case Study

The gay community has generally been stereotyped and excluded from spaces in our society. This is reflected in political or commercial advertising campaigns, with those that have been inclusive being very scarce at a global level. With the aim of analyzing the mechanisms in the current dynamics of advertising campaigns, the present case study makes a literature review and a reflection on this social fact, addressing the feasibility and need to give voice to this community, making a critical analysis of the importance of being inclusive in today's society, suggesting a proposal based on Gross (2001) model applied in advertising campaigns for the gay community in Mexico, and Moreno (2006), that could lead to a huge potential for both Mexican companies and advertising agencies to address this community, not only as a market element, but also as an element of social justice. The results suggest that the existing gap in advertising is evident both in Mexico and Latin American context and including these communities seems to be relevant for both its economies and societies.

scholarly journals Study on bond selection under intuitionistic fuzzy conditions

2018 ◽  
Vol 12 (4) ◽  
pp. 376-386 ◽  
Author(s):  
Xiao-Guang Zhou ◽  
Yang-Fan Ding ◽  
Mi Lu
Keyword(s):  
Decision Making ◽  
Analytic Network Process ◽  
Uncertain Information ◽  
Preference Relations ◽  
Intuitionistic Fuzzy ◽  
Comprehensive Method ◽  
Fuzzy Preference Relations ◽  
Network Process ◽  
Fuzzy Preference

Intuitionistic fuzzy preference relations can take membership degrees, non-membership degrees, and hesitancy degrees into account during decision making. It has good practicability and flexibility in dealing with fuzzy and uncertain information. As for analytic network process, it is performed by thinking over the interaction and feedback relationships between criteria and indices, so that an effective method is provided for multi-criteria decision making. An index system with network structure for evaluating the bonds is presented, and a comprehensive method by combining the advantages of intuitionistic fuzzy preference relations and analytic network process is proposed to select and rank the bonds. A case study is given by the proposed method as well.

scholarly journals Addressing funding issues for Danish mental health NGOs

2018 ◽  
Vol 17 (2) ◽  
pp. 79-89
Author(s):  
Nawal Farhat Aguilar ◽  
Zaza Nadja Lee Hansen
Keyword(s):  
Mental Health ◽  
Decision Making ◽  
Literature Review ◽  
Key Factors ◽  
Content Type ◽  
Factors Affecting ◽  
Non Governmental Organizations ◽  
Decision Making Framework ◽  
Optimal Approach

Purpose Research has shown that non-governmental organizations (NGOs) often fail to appreciate that in their market, donors represent clients. Moreover, the unstable income characteristics of NGOs emphasize the importance of conducting market analysis specific to such organizations. The purpose of this paper is to identify key factors that influence fundraising success for mental health NGOs and determine the most advantageous fundraising approach based on a mixed-methods study that encompass a literature review, two surveys and a case study. Design/methodology/approach Based on a structured literature review, the most important factors affecting NGO fundraising are unified into a decision-making framework. This framework is tested using a triangulation approach by combining quantitative and qualitative methods. The former based on a general survey and the latter based on a case study. Findings The results highlight 15 key factors determining the optimal approach for mental health NGOs when fundraising in Denmark. Practical implications The decision-making framework can be used to assess the most advantageous fundraising approach based on a variety of internal and external circumstances. Originality/value While private firms develop exhaustive market analyses, NGOs often lack analyses to cope with fluctuating environments and changing customer needs. This paper addresses this gap by identifying key factors that determine an optimal fundraising approach and proposes a novel decision-making framework for practitioners.

scholarly journals Peran Subak dalam Memanajemen Perilaku Petani untuk Mewujudkan Pertanian Berkelanjutan di Bali

2021 ◽  
Vol 11 (2) ◽  
pp. 407
Author(s):  
Ni Putu Sukanteri ◽  
I Gusti Ayu Diah Yuniti ◽  
I Made Suryana ◽  
Yenny Verrawati
Keyword(s):  
Decision Making ◽  
Data Collection ◽  
Literature Review ◽  
Qualitative Method ◽  
Irrigation System ◽  
Technological Innovations ◽  
Collective Decision Making ◽  
Social Harmony ◽  
Religious Philosophy

Subak is a farmer organization that regulates the irrigation system for rice cultivation in Bali. The research examines the behavior (knowledge, attitudes, skills) of subak members within the framework of the Hindu religious philosophy of Tri Hita Karana, three forms of harmony, namely spiritual, social, and environmental. The case study was conducted in Subak Aseman III, Selemadeg Timur District, Tabanan Regency. This study applies a qualitative method with data collection techniques by observation, interviews, and literature review. The results showed that the behavior of farmers in mastering knowledge was obtained both formally and informally. Farmers are selective in accepting various technological innovations. In implementing the values ??of Tri Hita Karana, subak members carry out rituals on auspicious days to pray for a better harvest result, maintain social harmony through collective decision making, and preserve the environment. This spirit in implementing the Tri Hita Karana philosophy is in line with the spirit to realize sustainable agriculture.

scholarly journals Behavioral decision research is not a Linda problem: Comment on Regenwetter, Robinson, and Wang (in press)

2021 ◽  
Author(s):  
David Kellen
Keyword(s):  
Decision Making ◽  
Prospect Theory ◽  
Critical Analysis ◽  
Aggregate Level ◽  
Seminal Paper ◽  
Behavioral Decision ◽  
Linda Problem ◽  
Decision Research

Regenwetter, Robinson, and Wang (in press) argue that research on decision making is plagued with conjunction fallacies or “Linda Effects”. As a case study, they provide a critical analysis of Kahneman and Tversky’s seminal paper on Prospect Theory and its 1992 sequel. This commentary evaluates their criticisms and ultimately finds them to be predicated on a number of misconceptions. As argued below, a reliance on stylized effects at the aggregate level is perfectly legitimate when dismissing a received view and first proposing a new account that organizes said effects in theoretically-meaningful ways.

The Administration of Foreign Exchange Risk for Sinaloa's Micro-Industries That Purchase Imported Inputs

2021 ◽  
Vol 10 (2) ◽  
pp. 1-17
Author(s):  
José G. Vargas-Hernández
Keyword(s):  
Decision Making ◽  
Literature Review ◽  
Raw Materials ◽  
Decision Making Process ◽  
Foreign Exchange Risk ◽  
Derivative Instruments ◽  
Exchange Risk ◽  
Reduce Risk ◽  
Derivative Products

The present work is related to the administration of the exchange risks in an industrial microenterprise of Sinaloa; its objective is to contrast the effect obtained on the decision-making process by managing the exchange risks inherent in the businesses that buy imported raw materials in order to be able to produce their goods that they commercialize. For this reason, it is based on a literature review containing scientific articles, books, and theses where evidence was found that it is possible to reduce risk through the use of derivative instruments such as European futures and options contracts. The methodology is qualitative with the case study. The results indicate that is possible. The results indicate that it is possible to manage the exchange risk using derivative products in the microenterprise studied.

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