Written by students who passed Immediately available after payment Read online or as PDF Wrong document? Swap it for free 4.6 TrustPilot
logo-home
Class notes

Class notes General Management

Rating
-
Sold
-
Pages
13
Uploaded on
23-02-2022
Written in
2021/2022

from CEOs to frontline workers, commit preventable mistakes: We underestimate how long it will take to finish a task, overlook or ignore information that reveals a flaw in our planning, or fail to take advantage of company benefits that are in our best interests. It’s extraordinarily difficult to rewire the human brain to undo the patterns that lead to such mistakes. But there is another approach: Alter the environment in which decisions are made so that people are more likely to make choices that lead to good outcomes. Leaders can do this by acting as architects. Drawing on our extensive research in the consulting, software, entertainment, health care, pharmaceutical, manufacturing, banking, retail, and food industries and on the basic principles of behavioral economics, we have developed an approach for structuring work to encourage good decision making.

Show more Read less
Institution
Course

Content preview

HBR.ORG

SPOTLIGHT 52
Leaders as Decision
64
Outsmart Your
72
Fooled by
78
From “Economic
Architects Own Biases Experience Man” to Behavioral
by John Beshears by Jack B. Soll, by Emre Soyer and Economics
and Francesca Gino Katherine L. Robin M. Hogarth by Justin Fox
Milkman, and
John W. Payne




Decision
Making
ALICE MASSANO




ARTWORK Millo, 2014
B.ART–Arte in Barriera
Turin, Italy



May 2015 Harvard Business Review 51

, SPOTLIGHT ON DECISION MAKING

SPOTLIGHT ARTWORK Millo, 2014
B.ART–Arte in Barriera
Turin, Italy




Structure your
organization’s work
to encourage
wise choices.
by John Beshears
and Francesca Gino




Leaders as
Decision Architects


A ALL EMPLOYEES, from CEOs to frontline workers, commit pre-
ventable mistakes: We underestimate how long it will take
to finish a task, overlook or ignore information that reveals
a flaw in our planning, or fail to take advantage of company
benefits that are in our best interests. It’s extraordinarily dif-
ficult to rewire the human brain to undo the patterns that
lead to such mistakes. But there is another approach: Alter
the environment in which decisions are made so that people
are more likely to make choices that lead to good outcomes.
Leaders can do this by acting as architects. Drawing on our
extensive research in the consulting, software, entertainment,
health care, pharmaceutical, manufacturing, banking, retail,
and food industries and on the basic principles of behavioral
economics, we have developed an approach for structuring
work to encourage good decision making.


52 Harvard Business Review May 2015
ALICE MASSANO

Written for

Institution
Course

Document information

Uploaded on
February 23, 2022
Number of pages
13
Written in
2021/2022
Type
Class notes
Professor(s)
Mr opio
Contains
All classes

Subjects

$7.99
Get access to the full document:

Wrong document? Swap it for free Within 14 days of purchase and before downloading, you can choose a different document. You can simply spend the amount again.
Written by students who passed
Immediately available after payment
Read online or as PDF

Get to know the seller
Seller avatar
nyekobrian

Get to know the seller

Seller avatar
nyekobrian Gulu University
Follow You need to be logged in order to follow users or courses
Sold
-
Member since
4 year
Number of followers
0
Documents
6
Last sold
-

0.0

0 reviews

5
0
4
0
3
0
2
0
1
0

Recently viewed by you

Why students choose Stuvia

Created by fellow students, verified by reviews

Quality you can trust: written by students who passed their tests and reviewed by others who've used these notes.

Didn't get what you expected? Choose another document

No worries! You can instantly pick a different document that better fits what you're looking for.

Pay as you like, start learning right away

No subscription, no commitments. Pay the way you're used to via credit card and download your PDF document instantly.

Student with book image

“Bought, downloaded, and aced it. It really can be that simple.”

Alisha Student

Working on your references?

Create accurate citations in APA, MLA and Harvard with our free citation generator.

Working on your references?

Frequently asked questions