Managerial Monitoring of a Single Data Stream (Classic Reprint) - Softcover

Inhaltsangabe

Explore how managers decide when to intervene by watching a single data stream.

This book-style extract outlines a practical framework for managerial monitoring. It treats monitoring as a choice to intervene, guided by a manager’s judgment and the costs and benefits of acting. The approach favors descriptive models that reflect real-world behavior over purely prescriptive rules, using a simple two-state view and a single data stream to illustrate the core concepts.

• Modeling the decision to intervene as comparing a subjective probability of trouble against a threshold.


• Descriptive approaches that blend prior judgment with observed data, avoiding heavy reliance on unknown data distributions.


• Discussion of how data quality, time, and the perceived link between signals and the situation influence judgments.


• Consideration of the value of information and how information systems can sharpen a manager’s mental models, not just the signals themselves.

Ideal for readers seeking clear, accessible insight into how monitoring decisions are made in practice and how information systems can support—not just replace—their judgment.

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