A Better Way to Divide the Pie 

A Better Way to Divide the Pie 

3/26/2022

link

https://insights.som.yale.edu/insights/better-way-to-divide-the-pie

summary

This article discusses the topic of resource allocation and proposes a better way to divide resources fairly and efficiently. The author argues that traditional methods of dividing resources, such as equal division or based on seniority, may not always lead to the most optimal outcomes. Instead, the article suggests using a merit-based approach where resources are allocated based on the value that each individual contributes. This approach takes into account factors such as skills, productivity, and impact. The article provides examples of how this approach can be applied in various contexts, including organizations and society as a whole. By considering merit rather than simply dividing resources equally, the author argues that a more efficient and fair distribution of resources can be achieved.

tags

business strategy ꞏ management ꞏ decision-making ꞏ negotiation ꞏ conflict resolution ꞏ collaboration ꞏ problem-solving ꞏ leadership ꞏ organizational behavior ꞏ team dynamics ꞏ resource allocation ꞏ economic theory ꞏ game theory ꞏ social science ꞏ equity ꞏ fairness ꞏ distribution ꞏ wealth inequality ꞏ social impact ꞏ ethical considerations ꞏ economic efficiency ꞏ allocation methods ꞏ group decision-making ꞏ consensus-building ꞏ decision frameworks ꞏ decision analysis ꞏ decision support systems ꞏ decision criteria ꞏ decision processes ꞏ decision models ꞏ decision implementation ꞏ decision outcomes ꞏ decision quality ꞏ decision optimization ꞏ decision biases ꞏ decision under uncertainty ꞏ decision-making skills ꞏ decision-making psychology ꞏ managerial decision-making ꞏ strategic decision-making ꞏ organizational decision-making ꞏ decision-making tools ꞏ decision-making techniques ꞏ decision-making complexity ꞏ decision-making theory ꞏ decision-making process ꞏ decision-making framework ꞏ decision-making styles ꞏ decision-making strategies ꞏ decision-making dynamics