Information procurement decisions

Rudolf Grünig () and Richard Kühn ()
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Rudolf Grünig: Université de Fribourg LS für Unternehmensführung
Richard Kühn: Universitét Bern Fak. Rechts-/Wirtschaftswissenschaften Inst. Marketing/Unternehmungsführung

Chapter 11 in Successful Decision-making, 2009, pp 185-196 from Springer

Abstract: When tackling a decision problem, the actor always has to work on two levels: The first is the problem itself: the actor has to analyse and understand the problem, to identify solution options, to assess these and finally to make a decision. In addition there will be a number of tasks at the meta-level. We have already seen that the problem-solving work must be planned; the various tasks will need to be allocated to different staff and this work must be coordinated. A further major task at the meta-level is to decide whether to proceed with problem-solving on the basis of existing information or whether the level of information should first be improved.

Keywords: Decision Matrix; Wrong Decision; Decision Node; Product Launch; Information Procurement (search for similar items in EconPapers)
Date: 2009
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DOI: 10.1007/978-3-642-00854-2_12

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