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f Building Organizational Decision Quality, A Source of Strategic Advantage
- Publisher: European Association of Geoscientists & Engineers
- Source: Conference Proceedings, 75th EAGE Conference & Exhibition - Workshops, Jun 2013, cp-349-00128
- ISBN: 978-90-73834-49-1
Abstract
Building organizational competencies in decision quality can provide a competitive advantage and create significant shareholder value. This is of particular importance in capital intensive industries such as oil & gas, technology, and life sciences. Companies that have transformed their decision-making processes and developed internal competencies in decision quality have seen the payoff in outstanding shareholder returns with respect to their peers. I present an integrated approach for building organizational decision quality and refer to a couple of case studies to illustrate the supporting decisionmaking processes and methods and the impact on shareholder value creation.