The potency of shortcuts in decision-making : a growing body of research suggests that CEOs who use heuristics can make more effective decisions than those who take a more comprehensive approach / Sebastian Kruse, David Bendig, Malte Brettel
Edition
[First edition]
Published
[Cambridge, Massachusetts] : MIT Sloan Management Review, 2023
Recent research shows that rather than engaging in comprehensive decision-making, CEOs may be better off relying on heuristics — simple rules of thumb that require little information and analysis. Often based on direct learning experiences, heuristics are used consciously and deliberately, and frequently result in superior decision outcomes