Date of Award
Doctor of Business Administration (DBA)
School of Business
This research is designed to test the role reflecting on and sharing values plays in our individual decision-making schemas in a group. The research is based on evidence from the literature that values play a role in economic decision-making, can be formed and utilized either consciously or unconsciously, and impact microeconomic decision-making and ethics in organizations. The study found that when decision considerations were reframed in a values context the decision-making process became more quasi-rational, but the decisions participants made were as good or better than they were before values were introduced. In some cases decision-makers became less interested in personal considerations after decisions were framed in a values context. This is an important finding because traditional models of economic decision-making assume the decision-making process is always rational and decision-makers are always self-interested. There may also be some relationship between utilizing values and improved ethical decision-making for women within small groups with relatively strong relationships in a community.
Bell, Holly A., "An Exploratory Study of the Role of Values in Microeconomic Decision-Making and the Implications for Organizations and Leaders" (2013). Doctor of Business Administration (DBA). 1.