[This book] analyzes ... the chains of blunders and bad judgments that led to fifteen legendary debacles, including the Firestone tire recall, EuroDisney, and Quaker's failed acquisition of Snapple. In each case, [the author] pinpoints exactly how and where the decision-making process went wrong and shows what managers in any organization can learn from these monumental fiascoes. Based on his analysis of 400 strategic decisions made by top managers in areas such as products and services, pricing and markets, personnel policy, technology acquisition, and strategic reorganization, [the author] estimates that two-thirds of all decisions are based on failure-prone or questionable tactics. He uses the fifteen monumental decision-making disasters to illustrate the potential consequences of these common tactical errors and traps ... He then details successful alternative approaches to decision-making.-Back cover.

The must-read summary of Paul Nutt's book: "Why Decisions Fail: Avoiding the Traps and Blunders that Lead to Debacles". This complete summary of the ideas from Paul Nutt's book "Why Decisions Fail" shows that in order to make better decisions and avoid the debacles, you need to avoid the three blunders and seven traps that can lead to bad decisions. In his book, the author details each of these traps and blunders and how you can learn to spot and avoid them. This summary demonstrates how easy it is to replace your tactics and avoid these traps to increase your chances of success. Added-value of this summary: - Save time - Understand key concepts - Expand your knowledge To learn more, read "Why Decisions Fail" and discover how you can learn from others' mistakes and stay on the path to success.