Managerial Decision Making Av Jeffrey Yi-Lin Forrest, Jeananne Nicholls, Kurt Schimmel, Sifeng Liu

This book develops a general theory of managerial decision making on the basis of a few elementary postulates. It employs logic as the method of reasoning, systems science in general and the systemic <i>YoYo Model</i> in particular, as the intuitive playground. By doing so, the authors take individually background-based guesswork out of processes of decision making. All established conclusions are expected to be generally employable in real-life applications. At the same time, the book is user friendly to a wide range of audience, coincides with people''s intuition, and provides applicable results and insights for practical purposes.