The decision process : five key steps -- The context for success : setting the stage -- The framing challenge : what is … each option -- Make the decision : getting to agreement -- The uncertainty problem : and how to deal with it -- Human … foibles : waiting to ambush your decision -- Organizational traps : the madness and the wisdom of crowds -- Toward a smarter …

financialsuccess of the decision as incentive and furthermore pursue personal goals. Following the managers'individual judgement of … decisionmakingwill be identified and their impact on decision quality being discussed: personal interests,incentives, qualification …

the quality of the decision made by the board. If, as will be assumed in the following, the shareholders are only …-term financial success of the decision that he has delegated to the managers.The shareholders are faced with either making a decision … incentives, their qualification, and the board size is central for the model. The following meta decision problem results for the …