Conference paper
Beyond a traditional budgeting orientation: Towards a commitment to general decision assurance (GDA)
Asia Pacific Interdisciplinary Research in Accounting Conference (Adelaide, S.A, 07/2001)
2001
Abstract
This paper critically evaluates and questions the primacy of accounting-based budget data in the decision-making process (usually at the strategic management level) within organisations. It proposes a theoretical synthesis of Peirce’s account of social inquiry and Habermas ’ communicative action rationality to construct an epistemically robust, collectively oriented decision-making framework. The resulting General Decision Assurance (GDA) theory is argued to have the potential to significantly improve the decision-making process utilised by organisations in the emerging knowledge economies. GDA theory postulates that optimal decision-making which a particular group of decision makers can construct in a world of uncertainty and risk is a pragmatic, recursive and democratised process. The theory minimises the role of power and authority, focuses on the force of the ‘better argument ’ and results in the selection of an epistemic ‘best-bet ’ decision option, which is subjected to a rigorous, quantitative and qualitative performance-measure monitoring and feedback process.
Details
- Title
- Beyond a traditional budgeting orientation: Towards a commitment to general decision assurance (GDA)
- Authors/Creators
- D.A. Holloway (Author/Creator)J.D. De Reuck (Author/Creator)
- Conference
- Asia Pacific Interdisciplinary Research in Accounting Conference (Adelaide, S.A, 07/2001)
- Identifiers
- 991005541386107891
- Murdoch Affiliation
- School of Commerce
- Language
- English
- Resource Type
- Conference paper
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