Abstract

https://ssrn.com/abstract=2579745
 


 



When Consensus Hurts the Company


Felipe A. Csaszar


University of Michigan, Stephen M. Ross School of Business

Alfredo Enrione


Universidad de los Andes, Chile - ESE Business School

March 1, 2015

MIT Sloan Management Review, Forthcoming

Abstract:     
Management is fundamentally about making decisions. In organizations, key decisions are often made by groups -- boards, senior management teams, finance committees and so on -- rather than by single individuals. Thus, an important role of the person leading a decision-making team is to know how to combine multiple opinions -- in effect, to become a decision manager. We have found that how a decision is made can significantly affect the outcome of that decision. We illustrate these ideas in the context of boards of directors.

Number of Pages in PDF File: 7

Keywords: decision making, omission and commission errors, innovation, reliability

JEL Classification: M10


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Date posted: March 17, 2015  

Suggested Citation

Csaszar, Felipe A. and Enrione, Alfredo, When Consensus Hurts the Company (March 1, 2015). MIT Sloan Management Review, Forthcoming. Available at SSRN: https://ssrn.com/abstract=2579745

Contact Information

Felipe A. Csaszar (Contact Author)
University of Michigan, Stephen M. Ross School of Business ( email )
701 Tappan Street
Ann Arbor, MI MI 48109
United States
(734) 615 4854 (Phone)

Alfredo Enrione
Universidad de los Andes, Chile - ESE Business School ( email )
Av. La Plaza 1905
San Carlos de Apoquindo, Las Condes
Santiago
Chile
+562-26181570 (Phone)
HOME PAGE: http://www.ese.cl
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