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Martin V. Smith

• 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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Decision Making

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

• 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

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Irving L. Janis

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Cyert, March, and Simon’s Model of Decision-Making

Integrative Decision-Making

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Integration of Business Disciplines

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Facilitated Meetings

Source: Adapted from http://www.grove.com/wkshp/wkshp.html

Agenda Outcomes

Roles

Participants

Facilitator

Rules

(Technographer)

Public displays served as group memory

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Scribe

Team Performance Model

Source: http://hp-strategies.com/images/tpm.jpg

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Attention

Energy

Information Information

Operations

Strategic Planning Model MissionCulture Values

Vision

GeneralStrategy

ExternalEnvironment

Organizational Profile

Strategic Alternatives1.2. …

Objectives2-YR 5-YR

Objectives

Ranked Objectives Responsible person Needed Resources $$$ Time

Results

Source: Professor William P. Cordeiro 12

Mindmapping

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Systems Dynamics Simulation Model

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Teamwork and GDSS

Same TimeSame TimeDifferent TimeDifferent Time

Multi-media presentation systems Key-pad based voting tools Facilitated meetings using a PC Networked PCs based GDSS

Project/team roomsShared offices

Screen sharing Audio/video conferencingWeb-based desktop conferencingInstant messaging

E-mail Shared document database Group authoring tools Discussion forum

DifferentPlace

DifferentPlace

SamePlace

SamePlace

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Group Problem-Solving Process and TeamSpirit

Share informationDiscussion forumStructured brainstormingBrainstorming

Idea consolidation

Rate alternativeRank alternativesSelect alternatives Multi-criteria evaluation

Idea generation

Idea Organization

Alternative Evaluation

TeamSpirit Toolbox

Gen

eric

Pro

blem

Sol

ving

Pro

cess

Divergent

Divergent

Thinking

Thinking

Convergent

Convergent

Thinking

Thinking

TeamSpirit MeetingManagement Tool

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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 MappingFreeMind mind mapping softwareDimdim 4 Web conferencing toolAnalytica DSS tool for academic use only

Visio Structured diagramming tool for process, data, and object-oriented modeling

MS Project Project management tool

*Additional tools will be added to the MVS Center 17

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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