Carl Spetzler | |
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| Known for | Research, publications, and expertise in the fields of decision quality and decision theory |
Carl Spetzler is an American businessman, author, and academic. He is known for his research, publications, and expertise in the fields of decision quality and decision theory.
Spetzler holds a BS in Chemical Engineering and an MBA and Ph.D. in economics and business administration from the Illinois Institute of Technology. [1]
Spetzler’s interest in decision quality began at the Stanford Research Institute (SRI) at Stanford University (now known as SRI International), where he worked with decision theory pioneer Ronald A. Howard. [2]
While at SRI, Spetzler was instrumental in helping client Merrill Lynch establish their Cash Management Account (CMA) product in 1977. Revolutionary for its time, the CMA was a great success for Merrill Lynch and inspired its competitors to introduce similar products. [3] Author Joe Nocera describes Spetzler’s key role in the development of the CMA in his book A Piece of the Action: How the Middle Class Joined the Money Class. [4]
In 1981, Spetzler and Howard formed Strategic Decisions Group (SDG), [5] a management consulting firm focused on using the principles of decision quality to help organizations improve their strategic planning, innovation, and risk management.
Spetzler is the Chairman and CEO of SDG. [6] He also serves as the program director of the Strategic Decision and Risk Management Program at Stanford’s Center for Professional Development.
Spetzler is the author of Decision Quality: Value Creation from Better Business Decisions , written with Hannah Winter and Jennifer Meyer. Decision Quality explores Spetzler’s decision-making framework, including the six requirements for decision quality, how to apply them, and common pitfalls of decision-making.
The Development of a Corporate Risk Policy for Capital Investment Decisions, Carl Spetzler, IEEE Transactions on Systems Science and Cybernetics (Volume: 4, Issue: 3 ), Sept. 1968. [7]
Probability Coding in Decision Analysis, Carl S. Spetzler, Carl-Axel S. Staël Von Holstein, (1975), Management Science, 22(3):340-358, retrieved September 1, 2016. [8]
Larry Neal and Carl Spetzler, "An Organization-Wide Approach to Good Decision Making", Harvard Business Review, May 27, 2015.
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