McAuly, L. and Russell, G. and Sims, Julian (1997) How do financial directors make decisions? Management Accounting 75 (10), pp. 32-34. ISSN 0025-1682.
Abstract
Research from CIMA provides an answer to these questions: How do financial directors make decisions? And, when confronted with a capital investment proposal, or the need to declare a dividend, or a judgment that will have implications for funding and capital structures, what do they do? The logico-scientific approach to decision-making is discussed. The objective of this approach is to establish the absolute truth about a situation so that a definitive and logical decision can be made. Also discussed is the narrative approach to decision making. This mode replaces the logico-scientific objective of using information to define an absolute truth with a search for meaning in a complex world where incomplete information is the norm and where no answer can guarantee a certain future.
Metadata
| Item Type: | Article |
|---|---|
| School: | Birkbeck Faculties and Schools > Faculty of Business and Law > Birkbeck Business School |
| Depositing User: | Administrator |
| Date Deposited: | 14 Jun 2018 08:37 |
| Last Modified: | 02 Aug 2023 17:42 |
| URI: | https://eprints.bbk.ac.uk/id/eprint/22773 |
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