Self-Reinforcing Mechanisms and Organizational Decision Making: The Case of Project Prioritization in a Financial Institution

Abstract

A growing number of studies in organizational decision making have repeatedly called for more quantitative data and measures to increase evidence-based decision making (e.g. Pfeffer and Sutton, 2006; Tingling and Brydon, 2010). These studies highlight the importance of the use of financial data and other types of quantitative information in the decision-making process in order to increase objectivity. This type of information is processed by various financial and accounting models, with the results further informing the decision process.