About this ebook
Some researchers call the complement of applying data analytics to intuition as quantitative intuition, rational intuition, or informed intuition. Certainly, in today's data-driven environment, analytics plays a key role in executive decision-making. However, an executive’s many years of experiential learning are not formally considered as part of the decision-making process. Learning from both failures and successes can help fine-tune intuitive awareness—what this book calls intuition-based decision-making. Research also shows that many executives do not trust the internal data quality in their organizations, and so they rely on their intuition rather than strictly on data.
This book presents the work of leading researchers worldwide on intuition in the management and executive domain. Their chapters cover key issues, trends, concepts, techniques, and opportunities for applying intuition as part of the executive decision-making process. Highlights include:
- Using intuition to manage new opportunities
- Intuition in medicine
- Rules based on intuition
- Balancing logic and intuition in decision-making
- Smart heuristics to manage complexity
- Intuition and competitiveness
- Intuitive investment decision-making across cultures
Showing how intuition in executive decision-making should play an important role, this book enables managers to complement their knowledge gained from experience with analytics to improve decision-making and business success.
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About the author
Dr. Jay Liebowitz has recently served as the inaugural Executive-in-Residence for Public Service at Columbia University’s Data Science Institute. He was previously a Visiting Professor in the Stillman School of Business and the MS-Business Analytics Capstone & Co-Program Director (External Relations) at Seton Hall University.
Dr. Liebowitz previously served as the Distinguished Chair of Applied Business and Finance at Harrisburg University of Science and Technology. Before HU, he was the Orkand Endowed Chair of Management and Technology in the Graduate School at the University of Maryland University College (UMUC). He served as a Full Professor in the Carey Business School at Johns Hopkins University.
