BUS 2090- Final Exam Guide - Comprehensive Notes for the exam ( 85 pages long!)
Document Summary
When managers act on better logic and evidence, their companies will be successful. Information acquired rst hand feels closer to real knowledge and importing information into a company without suf cient thought can cause problems in a company. There are many substitutes to use instead of using the best evidence: obsolete knowledge, personal experience, specialist skills, hype, beliefs and mindless mimicry of top performers, this is why evidence based management is so rare. A talent management approach in which the performance levels of individuals are compared. General electric employs this strategy and has seen much success, but the system made it dif cult to turn knowledge into action. Evidence-based managements could have kept the company from developing a unpopular program: lists things the company could have done to stop this and the steps they would have taken using evidence based management.
