M1 - Introduction Flashcards

1
Q

Evidence-based Mgmt:

  • why?
  • how?
A

=Decision aking in organizations based on the bst empirical evidence available
- why? : Evidence helps to make the right decisions under time pressure
- if not: poor-quality decision that waste time and money and risk your company’s future
how?: ask or effucacy of every decision; clarify the logic behind the evidence;

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2
Q

THEORY

  • a good theory
  • whats corroborated?
  • why so complicated?
A
  • a set of corroborated causal conjecturs
  • corroborated = possibly approx. true
  • we can never know sth is true –> fasifibility: every good theory uste potentially be wrong
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3
Q

What makes a good theory?

1-3

A
  1. Falsifibility (must potentially be wrong)
  2. Accuracy (which theory predicts the most)
  3. Parsimony ( which theory needs fewer assumptions)
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4
Q

Goal of ER in econoics & mgmt?

A
  • developing theories & hypotheses
  • testing hypotheses
  • predicting economic developments
  • measuring the strength of effects
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5
Q

typical flaws os urveys

A
  • selection bias

- self-selection / self-report

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