Make Better Strategic Decisions: How to Develop Robust Decision-making to Avoid Organisational Disasters

This book offers a disciplined, objective, and thoughtful approach to making better decisions, using the case of Carillion plc to explore how a large and profitable company collapsed when run by an experienced board and advised by three of the Big Four accounting firms. It is designed for senior managers interested in techniques for making better strategic decisions.

Format: Hardback
Length: 186 pages
Publication date: 15 December 2023
Publisher: Taylor & Francis Ltd

Every day, we witness severe instances of judgmental errors leading to organizational catastrophes. Why do seemingly successful businesses, NGOs, or even political parties succumb to irreversible governance breakdowns or, worse still, criminal malpractice? By encouraging readers to delve deeply into strategic decision-making, human behavior, and cognitive biases, this book offers a disciplined, objective, and thoughtful approach to making better decisions.

Every strategic problem is a unique voyage into the unknown, characterized by a combination of duration, scale, external and internal dynamics, and personal motivations. Rarely is a strategic decision resolved by simply stating, "If a situation is A, then the solution is B." The book explores how to establish a solid foundation for problem-solving rather than simplistic problem-solving by enhancing competence, enabling wise decision-making. The case of Carillion plc, the second-largest construction group in the United Kingdom, serves as an example of how a large and profitable company collapsed so dramatically when managed by an experienced board and advised by three of the Big Four accounting firms. Professor Jeremy N. White presents a comprehensive strategic toolkit for improving strategic decision-making.

This book will be of interest to senior managers seeking techniques for making better strategic decisions. The lessons learned from Carillion plc's failure apply to corporate leaders, politicians, and those responsible for managing not-for-profit organizations.

Weight: 530g
Dimension: 234 x 156 (mm)
ISBN-13: 9781032600659