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Modeling Strategic Decision Making and Performance Measurements at ICI Pharmaceuticals

Author

Listed:
  • Gerd Islei

    (Manchester Business School, University of Manchester, Manchester M15 6PB, United Kingdom)

  • Geoff Lockett

    (Manchester Business School, University of Manchester, Manchester M15 6PB, United Kingdom)

  • Barry Cox

    (ICI Pharmaceuticals, Macclesfield, Cheshire SK10 4TG, United Kingdom)

  • Steve Gisbourne

    (ICI Corporate Management Services, Wilmslow, Cheshire SK9 1QT, United Kingdom)

  • Mike Stratford

    (ICI Corporate Management Services, Wilmslow, Cheshire SK9 1QT, United Kingdom)

Abstract

Over 10 years, we have developed a DSS that is used for R&D strategic decision making at ICI for selecting research projects, monitoring portfolios, allocating resources, and terminating projects. It is based on judgmental modeling concepts that have been incorporated into a modern computer-based information system. Our DSS provides a unified analysis and reporting format that helps communication and decision making among a team of research managers. Because of its flexibility, other parts of the organization have successfully adopted it.

Suggested Citation

  • Gerd Islei & Geoff Lockett & Barry Cox & Steve Gisbourne & Mike Stratford, 1991. "Modeling Strategic Decision Making and Performance Measurements at ICI Pharmaceuticals," Interfaces, INFORMS, vol. 21(6), pages 4-22, December.
    • Handle: RePEc:inm:orinte:v:21:y:1991:i:6:p:4-22
    DOI: 10.1287/inte.21.6.4
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    Cited by:

    1. VAN CAMP, Jelle & BRAET, Johan, 2013. "Proposing a taxonomy for performance measurement systems' failures," Working Papers 2013004, University of Antwerp, Faculty of Business and Economics.
    2. Donald L. Keefer & Craig W. Kirkwood & James L. Corner, 2004. "Perspective on Decision Analysis Applications, 1990–2001," Decision Analysis, INFORMS, vol. 1(1), pages 4-22, March.
    3. Martin S. Schilling & Nadine Oeser & Cornelius Schaub, 2007. "How Effective Are Decision Analyses? Assessing Decision Process and Group Alignment Effects," Decision Analysis, INFORMS, vol. 4(4), pages 227-242, December.

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