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A behavioural multi-criteria decision making framework for corporate climate change response

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dc.contributor.advisor Kruger, Jan
dc.contributor.advisor Nhamo, Godwell Chinoda, Muriel 2013-09-04T11:23:55Z 2013-09-04T11:23:55Z 2013
dc.identifier.citation Chinoda, Muriel (2013) A behavioural multi-criteria decision making framework for corporate climate change response, University of South Africa, Pretoria, <> en
dc.description.abstract The understanding that humans are bounded in their rationality has been proven to manifest in complex decision making as a result of a limit in the amount of information available, the cognitive limitations of the mind and the amount of time available in which to make a decision. Because of this, humans have been known to appeal to heuristics and the rules of thumb (termed 'satisficing‘) when making decisions, resulting in biased probability judgments and not maximizing expected utility. Corporate application of bounded rationality is still very limited. This study builds on and advances the study and application of bounded rationality in corporate environments, using climate change response as a real-life situation, and in a circular fashion help explain some of the debates and paradoxes that agitate researchers from the climate change community. Using a mixed methods comparative case study of two organisations‘ responses to climate change, the study theorises that competitive market forces and the ability of organisations to learn from other organisations limits the levels of 'satisficing‘ in strategic decision making. Instead, the limited amount of information and the fear of the unknown cause organizations to approach the subject cautiously. A tactical interpretive climate change response framework emerges. en
dc.format.extent 1 online resource (242 leaves) : color illustrations, color graphs en
dc.language.iso en en
dc.rights University of South Africa en
dc.subject Behavioural finance en
dc.subject Behavioural economics en
dc.subject Behavioural strategy en
dc.subject Decision making en
dc.subject Climate change response framework en
dc.subject Bounded rationality en
dc.subject Multi-criteria decision analysis (MCDA) en
dc.subject Heuristics and biases en
dc.subject Satisficing en
dc.subject.ddc 658.403
dc.subject.lcsh Organizational change -- Management en
dc.subject.lcsh Change -- Management en
dc.subject.lcsh Strategic planning en
dc.subject.lcsh Corporate governance en
dc.subject.lcsh Industrial management en
dc.subject.lcsh Organizational behavior en
dc.subject.lcsh Corporate culture en
dc.subject.lcsh Decision making en
dc.title A behavioural multi-criteria decision making framework for corporate climate change response en
dc.type Thesis en
dc.description.department Business Management en D.B.L.

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