Filter by Tag: Decision Making.

A Series on Decision Making Part 2: Views on Decision Making

Author: Dr. Pete Hammett, Visiting Professor The volume of material and research on the topic of decision making is astounding. From what I’ve seen, we can categorize these insights into two critical influencers in the decision-making process: how leaders reflect...






Vigilance in the Midst of Fundamental Changes

Reviewer Dr. Mike Boehlje, Distinguished Professor Emeritus Book See Sooner, Act Faster: How Vigilant Leaders Thrive in an Era of Digital Turbulence   Summary Even before COVID-19, the food production and distribution industries were facing a time of significant...



Data-Driven Decision Making in Times of Crisis

Authors: Dr. Lourival Carmo Monaco Neto, Postdoctoral Research Associate Dr. Allan W. Gray, Executive Director and Professor As the COVID-19 pandemic and the uncertainties that come with it sweep across the world, it is no secret that we are facing very complicated...



Decision Discipline

You make business decisions every single day. Every once in a while, a decision comes along with the potential to be a game changer for your organization. Maybe your company is considering mergers and acquisitions. Maybe you’re trying to decide whether to expand...



Much ado about data

Article Ransbotham, Sam. “The Subtle Sources of Sampling Bias Hiding in Your Data.” MIT Sloan Management Review (2017). Reviewer Courtney Bir, Purdue Graduate Student Research Assistant Summary Data has become an integral part of any business. However, you must...



Drivers of performance

Article Silvestro, R. “Do You Know What Really Drives Your Business’s Performance?” MIT Sloan Management Review (2016). Reviewer Dr. Allan Gray, Executive Director and Professor Summary Surprisingly few executives use data from their own organizations to test their...



Producers’ Purchasing Preferences in 2017

Editor’s note: Dr. William Secor is an economist for CoBank and a former clinical professor with Purdue University’s Center for Food and Agricultural Business. He played an integral role in the 2017 Large Commercial Producer Project during his tenure at...



Generational Transfer of Decision-Making

The agri-food industry pays a lot of attention to how assets transfer between generations in farm families. Wills, trusts and estate laws are the subject of financial planning conferences and law seminars. Even so, there are few answers about how is best to manage...



Decision difficulties

Article Hammond, J.S., Ralph L. Keeney, Howard Raiffa. (2006). “The Hidden Traps in Decision-Making.” Harvard Business Review. Reviewers Dr. Nicole Widmar, Professor, Department of Agricultural Economics Dr. Michael Boehlje, Professor Emeritis, Department of...