Managers’ Decision-Making Strategies During Crises: Bounded Rationality and Intuition — an Interplay
The article discusses managers’ decision-making strategies that encompass risk, time pressure, and uncertainty into a heuristic logic of obligation to act. It highlights the performative features of metacognitive processes that put intuition into use within the framework of bounded rationality and e...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Babes-Bolyai University, Cluj-Napoca
2023-12-01
|
| Series: | Transylvanian Review of Administrative Sciences |
| Subjects: | |
| Online Access: | https://rtsa.ro/tras/index.php/tras/article/view/762 |
| _version_ | 1797262566874939392 |
|---|---|
| author | Marian Preda Oana Mara Stan |
| author_facet | Marian Preda Oana Mara Stan |
| author_sort | Marian Preda |
| collection | DOAJ |
| description | The article discusses managers’ decision-making strategies that encompass risk, time pressure, and uncertainty into a heuristic logic of obligation to act. It highlights the performative features of metacognitive processes that put intuition into use within the framework of bounded rationality and emotional intelligence. Among the threats that leaders face when confronted with intuitive decision-making are failure, blame, and reputational damage, with ensuing restoration tactics. The implications for impactful managerial practices concern ways to reconcile short-term acceptability with collective rationality outcomes of actionable decisions. |
| first_indexed | 2024-04-24T23:59:09Z |
| format | Article |
| id | doaj.art-4778c17cdc014ae9851e95a307d2adbf |
| institution | Directory Open Access Journal |
| issn | 1842-2845 |
| language | English |
| last_indexed | 2024-04-24T23:59:09Z |
| publishDate | 2023-12-01 |
| publisher | Babes-Bolyai University, Cluj-Napoca |
| record_format | Article |
| series | Transylvanian Review of Administrative Sciences |
| spelling | doaj.art-4778c17cdc014ae9851e95a307d2adbf2024-03-14T07:28:39ZengBabes-Bolyai University, Cluj-NapocaTransylvanian Review of Administrative Sciences1842-28452023-12-0119SI11813010.24193/tras.SI2023.7805Managers’ Decision-Making Strategies During Crises: Bounded Rationality and Intuition — an InterplayMarian Preda0Oana Mara Stan1Professor, Sociology Department, Faculty of Sociology and Social Work, University of Bucharest, Bucharest, RomaniaAssociate professor, Sociology Department, Faculty of Sociology and Social Work, University of Bucharest, Bucharest, RomaniaThe article discusses managers’ decision-making strategies that encompass risk, time pressure, and uncertainty into a heuristic logic of obligation to act. It highlights the performative features of metacognitive processes that put intuition into use within the framework of bounded rationality and emotional intelligence. Among the threats that leaders face when confronted with intuitive decision-making are failure, blame, and reputational damage, with ensuing restoration tactics. The implications for impactful managerial practices concern ways to reconcile short-term acceptability with collective rationality outcomes of actionable decisions.https://rtsa.ro/tras/index.php/tras/article/view/762crisisdecision-makingmanagementbounded rationalityleadershipintuition. |
| spellingShingle | Marian Preda Oana Mara Stan Managers’ Decision-Making Strategies During Crises: Bounded Rationality and Intuition — an Interplay Transylvanian Review of Administrative Sciences crisis decision-making management bounded rationality leadership intuition. |
| title | Managers’ Decision-Making Strategies During Crises: Bounded Rationality and Intuition — an Interplay |
| title_full | Managers’ Decision-Making Strategies During Crises: Bounded Rationality and Intuition — an Interplay |
| title_fullStr | Managers’ Decision-Making Strategies During Crises: Bounded Rationality and Intuition — an Interplay |
| title_full_unstemmed | Managers’ Decision-Making Strategies During Crises: Bounded Rationality and Intuition — an Interplay |
| title_short | Managers’ Decision-Making Strategies During Crises: Bounded Rationality and Intuition — an Interplay |
| title_sort | managers decision making strategies during crises bounded rationality and intuition an interplay |
| topic | crisis decision-making management bounded rationality leadership intuition. |
| url | https://rtsa.ro/tras/index.php/tras/article/view/762 |
| work_keys_str_mv | AT marianpreda managersdecisionmakingstrategiesduringcrisesboundedrationalityandintuitionaninterplay AT oanamarastan managersdecisionmakingstrategiesduringcrisesboundedrationalityandintuitionaninterplay |