Decision-Making in High Risk Organizations Under Stress Conditions

Decision-Making in High Risk Organizations Under Stress Conditions

Author: Anthony J. Spurgin

Publisher: CRC Press

Published: 2016-08-19

Total Pages: 191

ISBN-13: 1498721230

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This book discusses management decision-making under accident conditions as a vehicle to confirm the importance of clear decision-making guided by a systems approach on how an organization functions related to the role of managers, operators, and the operation of the plant. The book shows how to effectively assess the reliability of an organization particularly those organizations responsible for critical infrastructure. The authors have used Stafford Beer’s cybernetic model as a basis to model the behavior and reliability of such organizations. A series of case studies are used to draw conclusions not only how training, experience, and education can improve the strategy and response of management to reduce the probability of an economic or social disaster, but also draw attention to the fact that managers need to be made aware of the consequences of their decisions. Poor management decisions made under stress conditions can lead to the collapse of an organization together with its underlying business, possibly linked to a social disaster with loss of life. Some technology-ignorant management decisions even under non-stress conditions can lead to dangerous situations, which can increase the economic burden placed on an organization. This book describes such situations in order to promote improvement in organizational preparedness by training, experience, and education to reduce safety and economic risks. This book offers: • Case studies of accidents that have affected different HROs (high-risk organizations) and others, due to poor decision-making by management • Training methods (advocated by Admiral Hyman Rickover, adopted by military bodies and others) to prepare staff to make critical decisions under difficult conditions and examine their applicability to training managers of high-risk facilities • Documentation on how making decisions in difficult situations have psychological constraints related to the degree of preparedness and the tools available to aid the decision maker(s) • Studies on the key actions taken before, during, and after accidents and how these management decisions can affect accident propagation, and how one could improve management decision-making by the use of training in decision-making and an understanding of Ross Ashby’s Law of Requisite Variety. • Simulation techniques to improve training of front-line operators and management • Consideration of cost and investment evaluations and how they can distort the selection of tactics and measures that ensure successful operations and avoidance of accidents


Stress and Well-Being at the Strategic Level

Stress and Well-Being at the Strategic Level

Author: Peter D. Harms

Publisher: Emerald Group Publishing

Published: 2023-11-22

Total Pages: 172

ISBN-13: 1837973601

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Highlighting how both leader and follower stress and well-being can serve as antecedents and consequences of strategic actions and initiatives, or even be a core concern of strategic plans, this volume spotlights the importance of stress and well-being for organizations, their leaders, and the individuals who are impacted by their decisions.


Decision-Making Under Stress

Decision-Making Under Stress

Author: Rhona Flin

Publisher: Routledge

Published: 2017-03-02

Total Pages: 328

ISBN-13: 1351945947

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In our high technology society, there is a growing demand for a better understanding of decision making in high risk situations in order to improve selection, training and operational performance. Decision Making Under Stress presents a state-of-the-art review of psychological theory, in research and practice, on decision making in high pressure and emergency situations. It focuses on the experienced decision makers who deal with such risks, principally on flight decks, at civil emergencies, in industrial settings and military environments. The 29 chapters cover a wide range of perspectives and applications from aviation, military, industry and the emergency services. The authors, all international invited experts in their field, are based in research centers and universities from Europe, North America and Australia. Their common interest is in the theories and methods of a new research domain called NDM (naturalistic decision making). This volume comprises the edited contributions to the Third International NDM conference, sponsored by the US Army Research Institute and the US Naval Air Warfare Center, which was held in Aberdeen, Scotland in September 1996. The NDM researchers are interested in decision making in situations characterised by high risk, time pressure, uncertain goals, ambiguous information and teamwork. The extent to which the NDM approach can explain and predict human performance in such settings is a central theme, discussed with many practical examples and applications. This book is essential reading for applied psychologists, pilots, emergency commanders, military officers, high hazard managers, safety and emergency response professionals.


Designing Stress Resistant Organizations

Designing Stress Resistant Organizations

Author: Zhiang (John) Lin

Publisher: Springer Science & Business Media

Published: 2013-03-09

Total Pages: 248

ISBN-13: 1475737033

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Designing Stress Resistant Organizations demonstrates, in a persuasive way, how computational organization theory can be applied to advance the field of management with its successful integration of theory and practice. At the theoretical level, the book contains a comprehensive computational framework called DYCORP, which simulates dynamic and interactive organizational behaviors by incorporating multiple factors such as organizational design, task environment, and stress, and which generates consistent and insightful propositions on organizational performance. The book utilizes an organization science based approach to computational modeling. This approach recognizes the limit of human cognition as it was outlined by Herbert A. Simon in 1947. The model strives to focus on the essence of the reality that is most relevant to the research issue. This approach has been proven to be more beneficial for us to understand the underlying dynamics of the phenomenon.


Organizational Stress Management

Organizational Stress Management

Author: A. Weinberg

Publisher: Springer

Published: 2015-12-30

Total Pages: 310

ISBN-13: 0230203930

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Including practical advice on how to conduct a stress audit and how to target stress 'hot spots' within an organization, Organizational Stress Management provides a fresh strategic model for the manager concerned with the negative effects stress can have both on company performance and the quality of life of individuals at work.


The Stress Test Every Business Needs

The Stress Test Every Business Needs

Author: Jeffrey R. Greene

Publisher: John Wiley & Sons

Published: 2018-09-05

Total Pages: 276

ISBN-13: 1119417945

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Future-proof your business today for stronger performance tomorrow The Stress Test Every Business Needs: A Capital Agenda for Confidently Facing Digital Disruption, Difficult Investors, Recessions and Geopolitical Threats provides a comprehensive approach to creating value and flexibility in an increasingly volatile business environment that presents both great risks and opportunities every day. The authors extend the banking “stress test” concept to a company’s Capital Agenda — how executives manage capital, execute transactions and apply corporate finance tools to strategic and operational decisions. Having a static Capital Agenda, however appropriate for your current market position, is not enough in today's uncertain world. Long-term success comes from building resilience into each element and in the way those elements interact. The book uses a broader definition of business stress that includes traditional macroeconomic and geopolitical risks, as well as technological disruption, hostile takeovers and activist shareholders. Companies that make poor strategic decisions or underperform operationally will likely find themselves facing great stress. And that stress is symmetric; threats come from downside risks and from missed opportunities. The chapters address the how and why of essential issues such as: Formulating corporate strategy in a digital world Pre-empting activist shareholders Restoring distressed companies to operational and financial health Ensuring effective collaboration among strategy, finance and operations Getting the most out of your advisors Proactively managing intrinsic value Rigorously allocating capital across the enterprise Acquiring and divesting for optimum value Syncing financing decisions with business strategy and capital market conditions Incorporating tax planning throughout the Capital Agenda Liberating excess cash with leading working capital management practices Aligning strategic goals and metrics to reach your company’s full potential Companies that develop strategy and set operational priorities with a balanced Capital Agenda are best positioned to control their own destiny. The Stress Test Every Business Needs provides a roadmap to future-proof your business today for stronger performance tomorrow.


The Smart Organization

The Smart Organization

Author: David Matheson

Publisher: Harvard Business Review Press

Published: 1998

Total Pages: 312

ISBN-13:

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The Smart Organization brings new perspective to management decision making throughout the organization. It identifies the key practices that enable successful organizations to deliver a stream of winning products and services. Smart organizations, say the Mathesons, have internalized nine interlocking principles essential in creating corporate cultures that emphasize making the right strategic decisions at the right time. They use best practices to support these decisions and sustain their success. These principles - among them, embracing uncertainty, disciplined decision making, and value creation culture - enable companies to make appropriate choices about their R & D planning, portfolio management, and product strategies. Drawing on the experiences of R & D-intensive organizations all over the globe, the authors illustrate the book with best practice examples from companies like Hewlett-Packard, 3M, Merck, Procter & Gamble, DuPont, Monsanto, and AT & T. They stress the importance of evaluating tradeoffs, investigating alternatives, and getting buy-in across functions to ensure that decisions will be viable from both the technological and the managerial perspective. They show how managers can apply these methods more broadly to create a smart organization. The Mathesons clearly demonstrate that changing the decision-making process is an efficient means of reforming culture and improving not just R & D but overall company performance.


Decision Making Strategies Under Stressful Situations

Decision Making Strategies Under Stressful Situations

Author: Kenneth Manuel

Publisher:

Published: 2021-06-06

Total Pages: 156

ISBN-13:

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Stress Leads to Bad Decisions. Discover How to Avoid Them & How to Deal Emotional Stress for Making Right Decisions Are you struggling to make right decisions in stressful situations ? Do you decide right there and then or do you postpone your decision up to some point? If you answered "Yes" to at least one of these questions, I have something helpful and exciting to share with you, so please read on... Life is about decision-making. The present situation of your life is the product of your past decisions. Every decision has price tags. Your chances of making good decisions will depend on your emotional problems and your mood. While many experts recommend that a decision made under stress and pressure has many advantages, it can also lead to blunders. And many choices are irreversible, if not leading to unpleasant outcomes. A systematic way should apply to get the most of your decision. The book aims to spread the right information and to give a good overview of decision-making in stressful situations. This book's beginner-friendly approach will ensure you have an easy time putting what you learn into action. The quality of life you live and your ability to do the meaningful things you set out to will depend almost entirely on the decisions you make. In this book you will learn how to enable your brain to make better business decisions under stressful conditions. This book is a standalone book for anyone interested in making good quality decisions more effectively under stress and pressure. It forms part of a comprehensive book that explores emotional intelligence in more depth.Here is just a glimpse of what's inside: How to Make Decisions Under Stressful Conditions Strategies to Cope with it & Developed Your Emotional Intelligence How to Make Decisions Without Fear & Self-Confidence Relation of Emotional stress and decision making for better decision making How to change your workspace or your working habits to limit unnecessary choices? How flexible hours can reduce stress at work and increase productivity for better decision making? Much, much more! This book is for you if you have often made bad decisions in your life, so now you are discouraged, you do not know what way to go.Interested?Then Scroll up, Click on "Buy now with 1-Click", and Get Your Copy Now!


Time Pressure and Stress in Human Judgment and Decision Making

Time Pressure and Stress in Human Judgment and Decision Making

Author: A.J. Maule

Publisher: Springer Science & Business Media

Published: 2013-03-09

Total Pages: 364

ISBN-13: 147576846X

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Some years ago we, the editors of this volume, found out about each other's deeply rooted interest in the concept of time, the usage of time, and the effects of shortage of time on human thought and behavior. Since then we have fostered the idea of bringing together different perspectives in this area. We are now, there fore, very content that our idea has materialized in the present volume. There is both anecdotal and empirical evidence to suggest that time con straints may affect behavior. Managers and other professional decision makers frequently identify time pressure as a major constraint on their behavior (Isen berg, 1984). Chamberlain and Zika (1990) provide empirical support for this view, showing that complaints of insufficient time are the most frequently report ed everyday minor stressors or hassles for all groups of people except the elderly. Similarly, studies in occupational settings have identified time pressure as one of the central components of workload (Derrich, 1988; O'Donnel & Eggemeier, 1986).