From the Titanic to Hurricane Katrina

  • Reference: AD-345-E

  • Year: 1912-2005

  • Number of pages: 6

  • Geographic Setting: América del Norte, España, Reino Unido

  • Publication Date: May 15, 2015

  • Source: IESE (España)

  • Type of Document: Case

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Description

The case presents six situations in which critical decision making was required. They are: the voyage of the Titanic; the Tenerife airport disaster; the Barings Bank collapse; the September 11, 2001, terrorist attack on the Twin Towers; the Enron bankruptcy; and Hurricane Katrina.

Learning Objective

This case uses descriptions of the six situations to enable discussion of the most common errors in decision making.

Keywords

Decision making Decision-making errors Strategic decisions