Title
Developing a Value-Based Decision-Making Model for Inquiring Organizations
Abstract
The effective management of knowledge is critical for organizations that are striving to gain or maintain a competitive advantage and that are in the process of re-structuring for the new century. Decision-making is an important factor for growing organizational memory with newly created knowledge and a broader base of perspectives to use in subsequent decision-making situations. Given a particular decision context and a decision maker with a set of personal values, it may be very difficult to see all sides of the issue. Yet, being able to view the decision environment from multiple perspectives would enhance the decision maker's ability to make better-informed choices. This article introduces the value-based decision-making (VBDM) model that extends Courtney's (2001) new decision-making paradigm by suggesting that multiple perspectives may be achieved by considering a foundation of individual values as suggested by Spranger (1928/1966). This model provides a framework that decision-makers and researchers can use to better understand and facilitate the use of multiple perspectives in decision-making and organizational memory enhancement. This article also suggests the use of agent technology as a basis for multiple perspective decision-making support.
Year
DOI
Venue
2003
10.1109/HICSS.2003.1174255
HICSS
Keywords
Field
DocType
new century,particular decision context,organizational memory enhancement,new decision-making paradigm,organizational memory,value-based decision-making model,decision environment,subsequent decision-making situation,multiple perspective,multiple perspective decision-making support,inquiring organizations,decision maker,knowledge based systems,competitive advantage,decision support systems,knowledge management
Decision analysis,Computer science,Organizational memory,Decision support system,Knowledge management,Business decision mapping,Organizational learning,R-CAST,Evidential reasoning approach,Management science,Decision engineering
Conference
ISBN
Citations 
PageRank 
0-7695-1874-5
5
0.45
References 
Authors
14
3
Name
Order
Citations
PageRank
Dianne Hall111316.52
Yi Guo2558.79
Robert A. Davis3475.72