EBMgt

(noun)

A management practice that emphasizes a rational, objective, and empirical approach to addressing business issues.

Examples of EBMgt in the following topics:

  • Evidence-Based Decision Making

    • The EBMgt Collaborative—sponsored by a number of universities and foundations throughout the U.S., U.K., and Canada—is an organization devoted to expanding the practice of EBMgt.
    • The EBMgt Collaborative's mission statement includes a comprehensive definition of the practice:
    • The adoption of EBMgt also creates advantages in how an organization operates.
    • Though it has its limitations, EBMgt can be an effective approach to informing the decisions of managers.
    • Describe the concept and strategic implications of evidence-based decision making in management (EBMgt)
  • Evidence-Based Management

    • Evidence-based management (EBMgt or EBM) is an emerging movement that explicitly uses current best practices in managerial decision-making.
    • Practicing EBMgt requires managers to collect data, run tests, generate hypotheses, and objectively interpret the findings to create an accurate depiction of the efficacy of a given managerial style or decision.
    • An example of EBMgt in practice could be a group of managers in an organization trying to determine how to improve job satisfaction.
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