Managerial Judgement and Strategic Investment Decisions
- Elaine Harris
- Clive Emmanuel
- Samuel Komakech
This book presents the findings from a cross-sectional survey funded by CIMA. The project aimed to survey senior management accountants working across a range of organisations and industries with a unique focus on the behavioural side of decision making, the use of managerial judgement. Previous capital budgeting surveys have tended to focus on the quantitative evaluation tools and techniques used for project appraisal. This study was broader in that it asked about every stage of the strategic investment decision (SID) process, from initiation to post implementation review, and how different managers were involved at different stages of the process. The focus is on how decision judgements are reached.
Academics and students in the field of Managerial Judgement and SIDS.Practitioners in the field, especially those being introduced to the subject area for the first time. Trainee accountants and recently qualified accountants (this report was recommended as a mandatory reading to these two groups by one of the reviewers).