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Smart and simple strategy decisions to minimise regret

Stingl, Verena, Geraldi, Joana and Oehmen, Josef (2018) Smart and simple strategy decisions to minimise regret. LSE Business Review (19 Oct 2018). Blog Entry.

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Abstract

We like to think that for our strategy work, we will have plenty of time and resources. Armed with both, out of the 10s or 100s of options we have on the table, we will pick the best one. In this article, we will make the opposite argument. Not only do we not have much time or resources available to make decisions, we also should NOT try to pick the best option. Instead, we should use simple rules – quick and easy decision-making shortcuts – to eliminate the worst options.

Item Type: Online resource (Blog Entry)
Official URL: https://blogs.lse.ac.uk/businessreview/
Additional Information: © 2018 The Author(s)
Divisions: LSE
Subjects: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HD Industries. Land use. Labor
H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Date Deposited: 17 Mar 2021 14:54
Last Modified: 20 Jun 2021 23:39
URI: http://eprints.lse.ac.uk/id/eprint/109203

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