EvidenceBased Management

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Evidence-Based Management
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Discussion Question

• What is evidence-based management?

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Short Video

• http//www.youtube.com/watch?vhxH8hBUBBnE

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Definition

• Evidence-based management means translating
  principles based on best evidence (i.e., data)
  into organizational policies and practices.
• Check this out
• http//www.evidence-basedmanagement.com/

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Discussion Question

• Is management the only field that is taking an
  evidence-based approach?

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Discussion Question

• What type of questions can you ask using EBM?

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Quick Fact

• Check out all of the organizations that are
  successfully using EBM
• Harrahs
• Google
• Capital One
• Oakland As
• And more!

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Discussion Question

• What research myths does the Pfeffer and Sutton
  article mention regarding
• Stock options?
• First-mover advantage?
• Pay dispersion?

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Discussion Question

• What tools do managers use if they are not
  using evidence (or facts)?

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Discussion Question

• What makes it hard to be an evidence-based
  manager?

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Discussion Question

• How could you use EBM at your current (or most
  recent) job?

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Take-Home Point

• Err on the side of letting the data do the
  talking when making managerial decisions!