Boundedly rational

5 important questions on Boundedly rational

What are the five reasons why our respondents were sensible enough not to improve management information & decision making

  1. managers do not know what information they need
  2. Managers do not want to escalate and share data
  3. People are incentivized to manipulate data and data definitions
  4. managers manipulate the KPIs against which they are rewarded
  5. the supply chain is too complex to be understood by most

What are strategic filters

  1. capability trap
  2. The experience trap
  3. Service rampup trap

What is the conclusion from Forrester about behavior?

  1. management succès depends primally on what information is chosen
  2. we make only incomplete and erratic use of that selected information
  3. How quickly or slowly is information converted into action?
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What are the different policies

  1. The policy perspective
  2. Dynamic complexity
  3. People think they give consideration to a much larger number of variables
  4. Humans ar not subtle and powerful problem solvers

What is the main benefit from system dynamics modeling?

One should enter a complex dynamic situation and aspire to be the only person present who can talk about the issues for 20 minutes without contradicting oneself.

Everything that one says should fit into a totally consistent story. which is possible when built on insightful computer simulations.

The question on the page originate from the summary of the following study material:

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