Pfister, Rolf (2024) Beyond Theory: A Philosophical Framework for Decision-Making in Management. [Preprint]

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Abstract

A philosophical framework is presented to improve decision-making in management. Philosophically based methods provide a rich body of knowledge for addressing complex issues, but their practical application in management is difficult. The framework aims to bridge this gap by not focussing on specific methods such as game theory or utilitarianism, but by demonstrating how appropriate methods can be identified and applied to support decision-making. One element of the framework is the definition of clear goals that meet specific criteria and form the foundation for decision-making. The process involves identifying and comparing means to determine their effectiveness in achieving the goals under given constraints and resources in different scenarios. The framework utilises models to reduce complex issues to their most important aspects. The quality of these models is crucial because it significantly influences the understanding and evaluation of complex issues and thus the quality of decisions. The philosophical framework presented here is itself a method that makes it possible to identify, evaluate and apply appropriate methods in decision-making scenarios, thus providing a comprehensive and versatile tool for managers seeking optimal solutions in complex environments.

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Item Type:	Preprint
Creators:	Creators Email ORCID Pfister, Rolf rolf.pfister@posteo.de 0000-0002-0573-8544
Additional Information:	to be published in: Hoffmann, C. H. (Ed.). 2025. Artificial Intelligence, Entrepreneurship and Risk: Reflections and Positions at the Crossroads between Philosophy and Management. Springer. ISBN 978-3-658-45543-9.
Keywords:	philosophy, management, decision-making, methods, models
Subjects:	General Issues > Decision Theory Specific Sciences > Economics General Issues > Models and Idealization
Depositing User:	Mr. Rolf Pfister
Date Deposited:	24 Nov 2024 15:09
Last Modified:	24 Nov 2024 15:09
Item ID:	24254
Subjects:	General Issues > Decision Theory Specific Sciences > Economics General Issues > Models and Idealization
Date:	22 November 2024
URI:	https://philsci-archive.pitt.edu/id/eprint/24254

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