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Martin V. Smith
Decision Making
• The acumen of Bud Smith was renowned. Facts,
figures and projections for an empire that
stretched over 200 properties and businesses were
constantly swirling in his head primarily because
technology had not evolved to today’s standards
that are critical to decision-making.
• Therefore, the MVS Center is an appropriate link
to the future in his memory.
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Purpose
• Provides physical and virtual space to
facilitate innovative case teaching and
collaborative learning, as well as to
conduct research in group decision making.
• Supports integrative decision-making by
utilizing the expertise of faculty members
within the Martin V. Smith School of
Business and Economics and CSU Channel
Islands.
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Purpose - Continued
• This is the place for students, faculty,
members of the local community, and
businesses to study business cases, conduct
research, and address complex business and
social problems.
• The Center can hold facilitated physical and
virtual meetings such as strategic planning,
focus group research, policy formulation, and
other collaborative works.
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21st Century Learning
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Participant-centered learning
Dialogues: online and offline
Facilitated by conceptual and simulation models
Multimedia and multi-dimension
Focus on learning/discovering, not teaching/covering
Collaborative learning: Learning from each other
Cross-functional integration
Context-based/situation-based learning
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Groupthink
Irving L. Janis
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Cyert, March, and Simon’s
Model of Decision-Making
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Integrative Decision-Making
Teamwork
Group Problem
Solving
Techniques/
Tools
Cognitive
Science
Modeling/
Simulation
Tools
Integrative
DecisionMaking
Facilitation
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Integration of Business Disciplines
Strategy
Ethics and
Law
Economics
Operations
Management
Business
Decisions
Accounting/
Finance/
Investment
Organizational
Behavior
Marketing
MIS /
Information
Technology
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Facilitated Meetings
Public displays served
as group memory
Scribe
Roles
(Technographer)
Participants
Source: Adapted from http://www.grove.com/wkshp/wkshp.html
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Team Performance Model
Attention
Energy
Information
Information
Operations
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Source: http://hp-strategies.com/images/tpm.jpg
Strategic Planning Model
Culture Values
Mission
Vision
Results
General
Strategy
Strategic Alternatives
1.
2.
Organizational
Profile
External
Environment
Objectives
2-YR
5-YR
…
Objectives
Ranked Objectives
Responsible person
Source: Professor William P. Cordeiro
Needed Resources
$$$
Time
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Mindmapping
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Systems Dynamics Simulation Model
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Teamwork and GDSS
Same Time
Different Time
Project/team rooms
Shared offices
Same
Place
Multi-media presentation systems
Key-pad based voting tools
Facilitated meetings using a PC
Networked PCs based GDSS
Different
Place
Screen sharing
Audio/video conferencing
Web-based desktop conferencing
Instant messaging
E-mail
Shared document database
Group authoring tools
Discussion forum
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Group Problem-Solving Process
and TeamSpirit
Generic Problem Solving Process
TeamSpirit Meeting
Management Tool
Idea generation
Idea
Organization
Alternative
Evaluation
TeamSpirit Toolbox
Share information
Discussion forum
Structured brainstorming
Brainstorming
Idea consolidation
Rate alternative
Rank alternatives
Select alternatives
Multi-criteria evaluation
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Software Tools*
Software Name
Description
Planner Lab
Decision Support System (DSS) tool
TeamSpirit
Group DSS tool for group problem solving
Compendium
Support IBIS method and Dialogue Mapping
FreeMind
Dimdim 4
Analytica
mind mapping software
Web conferencing tool
DSS tool for academic use only
Visio
Structured diagramming tool for process,
data, and object-oriented modeling
Project management tool
MS Project
*Additional tools will be added to the MVS Center
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Expertise
• William P. Cordeiro, Ph.D., Professor of Management
Interests: Strategic planning, Business case analysis
• Minder Chen, Ph.D., Associate Professor of Management Info. Systems
Interests: Group decision support, Virtual teams, Business process
reengineering.
• Priscilla Liang, Ph.D., Assistant Professor of Finance
Interests: Financial and investment decision-making, Individual
decision-making behavior, Corporate finance strategies, Economic
policies and crisis responses
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Expertise
• J. Andrew Morris, Ph.D., Associate Professor of Management
Interests: The impact of emotional intelligence on group and
individual decision-making, Socio-biological foundations for
cooperative decision-making strategies in Prisoner's Dilemma
problems
• Dennis D. Muraoka, Ph.D., Professor of Economics
Interests: Natural resource and environmental economics, Zoos and
aquariums
• Claudio Paiva, Ph.D., Associate Professor of Economics
Interests: Macroeconomic policy, Empirical studies of macroeconomic
performance, International economics
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Expertise
• J. Goosby Smith, Ph.D., Associate Professor of Management
Interests: Diversity education and management, Sports team
leadership, Ethical decision-making
• Paul Rivera, Ph.D., Associate Professor of Economics
Interests: Labor migration, Rural and household economics, Political
economy, International economics
• Sung Won Sohn, Ph.D., Martin V. Smith Endowed Professor of Economics
Interests: Economic forecasting and policy
• Ashish Vaidya, Ph.D., Professor of Economics
Interests: Strategic Planning, Global Business Strategy, Leadership
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