Management Theory and Rational Decision Making

Abstract

Introduction The emphasis on verifiability as a basis for effective decision making stems from the current fashion (especially in public sector management theory) of stressing the importance of “rationally” based decisions. Rationally based decisions are built on a foundation of measurable facts usually ordered in a systematic manner. Such a process is given a host of names from terms of general application such as operations research, systems analysis, corporate planning, management by objectives, and systematic problem solving, through to techniques which apply to specific kinds of managerial situations, such as PPBS (budgeting), method study (job efficiency) or cost‐benefit/effectiveness analysis (programme commitment).

Citation

Gabor, P. (1976), "Management Theory and Rational Decision Making", Management Decision, Vol. 14 No. 5, pp. 274-281. https://doi.org/10.1108/eb001112