Essential Exam Flashcards
(27 cards)
Stakeholder Theory
Firms should create value for all stakeholders, not just shareholders. (Freeman, 1984).
Evidence Based Management
Evidence Based Management is defined as making decisions through conscientious, explicit, and judicious use of the best available evidence from multiple sources (Barrends and Rousseau, 2018).
Confirmation Bias
tendency to search for, interpret, and favor information that confirms one’s preexisting beliefs or decisions—while ignoring or dismissing contradictory evidence.
Psychological Safety
shared belief within a firm that it is safe to share beliefs, speak up, challenge ideas, admit mistakes, without fear of backlash or humiliation
Organizational Learning Theory
Organizational learning theory explores how organizations acquire and utilize knowledge to improve their performance and adapt to change
Single-Loop learning
Adjusting actions or strategies without questioning underlying assumptions or goals.
Double-Loop Learning
Questioning and modifying underlying assumptions, beliefs, and goals in response to environmental changes.
Scotts Pillars
Regulative, Cultural-Cognitive, and Normative (Scott, 2013).
Tacit Knowledge
Informal, experience-based knowledge that is difficult to codify or communicate.
Barriers to evidence based management
Time pressure, lack of access to evidence, organizational resistance, or limited skills in appraising evidence.
Six-Step EBMgt Process
ASK
ACQUIRE
APPRAISE
AGGREGATE
APPLY
ASSESS
What are common individual-level barriers to EBMgt?
Cognitive biases, time pressure, lack of evidence-appraisal skills.
what does PICO stand for?
P-Problem or Population:What is the situation or group affected?
I-Intervention (Action/Option):What decision, policy, or strategy is being considered?
C- Comparison:What is the alternative to compare it against?
O-Outcome
What does ‘critical appraisal’ mean in EBMgt?
The systematic evaluation of evidence for trustworthiness, relevance, and value in a specific context.
What does it mean to aggregate evidence in EBMgt?
To synthesize and integrate evidence from different sources to form a coherent understanding.
What is triangulation in EBMgt?
The use of multiple sources or types of evidence to cross-validate findings.
What is a logic model?
A structured way to map how actions lead to outcomes, often used in evaluation.
What is the main ethical responsibility in EBMgt?
To use evidence fairly, transparently, and in the best interests of stakeholders.
What does it mean to embed EBMgt?
Integrating evidence-based thinking and practices into the everyday processes of an organization.
Cite Gezi Park
(BB, 2023).
Cite Facebook Cambridge-Analytica Case
(Federal Trade Commision, 2019).
Cite Volkswagen Emissions Scandal
(BBC, 2015).
Cite NASA Challenger Disaster
(Vaughan, 1996)
Cite Johnson & Johnson Case
(Fombrun, 1996).
