Product details

This is part of a case series. The A and B case are supposed to be used together. The case explores the challenges and pitfalls of (group) decision-making under time-pressure, and with major uncertainties, in a context where the stakes are high (strategic decisions). Its purpose is to create awareness of the biases and group processes that can cloud judgment and lead to erroneous or overly risky decisions. At the centre of the case is Tonio DiLivio, one of the two founding partners of a Swiss-based Formula One racing team. As the season’s final approaches, DiLivio has to decide whether to present his car at the last race, knowing that the outcome could make or break his team’s future. The key message of the case is that human judgment can often be clouded by a variety of biases, which generally operate below the awareness level. These biases favour misinterpretation of data and decision-making with insufficient or inadequate data support. The case has been developed with an executive audience in mind (open or in-company programmes). It has also been used successfully on MBA programmes.