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A comparison between I‐Ching 's early management decision‐making model and western management decision‐making models

A comparison between I‐Ching 's early management decision‐making model and western management... Purpose – The purpose of this paper is to determine the value of I‐Ching (also called Book of Changes ), the ancient Chinese book of wisdom, which has been used for thousands of years to help people make decisions in daily life. Recently, eastern and western scholars have begun discussing how to apply the wisdom of I‐Ching to the field of business administration, particularly decision‐making practices. Design/methodology/approach – A content analysis method was adopted to uncover possible modern management decision‐making constructs. The single words approach did not find frequently appearing words that integrated decision‐making constructs in the context of I‐Ching . Further uncovering I‐Ching 's administrative decision‐making approach, the managerial decision‐making model of I‐Ching is explained, including the premises, the decision contingencies, and the decision process. Findings – By using an academic comparative analysis method, as it applies to managerial decision making, I‐Ching 's early management decision‐making model is subsequently compared with western management decision models, which include rational decision making, bounded‐rationality decision making, intuitive decision making, implicit favorite decision making, and garbage‐can decision making. Research limitations/implications – The majority of scholars that study I‐Ching focus on “practice divination” research, paying attention to the interpretation or critique of the text only. Unfortunately, related literature based upon a social science research foundation is limited. Originality/value – The value of I‐Ching was determined to lie in allowing flexibility in the decision‐making process. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Chinese Management Studies Emerald Publishing

A comparison between I‐Ching 's early management decision‐making model and western management decision‐making models

Mu‐Lan Hsu; Kuan‐Yao Chiu
Chinese Management Studies , Volume 2 (1): 24 – Apr 11, 2008
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References (17)

Publisher
Emerald Publishing
Copyright
Copyright © 2008 Emerald Group Publishing Limited. All rights reserved.
ISSN
1750-614X
DOI
10.1108/17506140810866241
Publisher site
See Article on Publisher Site

Abstract

Purpose – The purpose of this paper is to determine the value of I‐Ching (also called Book of Changes ), the ancient Chinese book of wisdom, which has been used for thousands of years to help people make decisions in daily life. Recently, eastern and western scholars have begun discussing how to apply the wisdom of I‐Ching to the field of business administration, particularly decision‐making practices. Design/methodology/approach – A content analysis method was adopted to uncover possible modern management decision‐making constructs. The single words approach did not find frequently appearing words that integrated decision‐making constructs in the context of I‐Ching . Further uncovering I‐Ching 's administrative decision‐making approach, the managerial decision‐making model of I‐Ching is explained, including the premises, the decision contingencies, and the decision process. Findings – By using an academic comparative analysis method, as it applies to managerial decision making, I‐Ching 's early management decision‐making model is subsequently compared with western management decision models, which include rational decision making, bounded‐rationality decision making, intuitive decision making, implicit favorite decision making, and garbage‐can decision making. Research limitations/implications – The majority of scholars that study I‐Ching focus on “practice divination” research, paying attention to the interpretation or critique of the text only. Unfortunately, related literature based upon a social science research foundation is limited. Originality/value – The value of I‐Ching was determined to lie in allowing flexibility in the decision‐making process.

Journal

Chinese Management Studies – Emerald Publishing

Published: Apr 11, 2008

Keywords: Managers; Decision making; China; Business administration; Oriental philosophy

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