Carl Spetzler
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.
Education
[edit]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]
Career
[edit]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.
Publications
[edit]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.
Journal Publications
[edit]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.
Honors, memberships, and awards
[edit]Honors and Awards
[edit]- SRI International inducted Spetzler into its “Hall of Fame” in 2006 for his work in decision analysis and his influential work with Merrill Lynch.[9]
- In 2004, the Institute for Operations Research and the Management Sciences (INFORMS) awarded Spetzler the Frank P. Ramsey Medal[10] which honors outstanding contributions to the field of decision analysis.
- Treasury & Risk Magazine named Spetzler to its 2008 list of 100 Most Influential People in Finance.[11]
Memberships
[edit]- Society of Decision Professionals
- Board of Trustees Member, Illinois Institute of Technology[12]
- Board Member, Decision Education Foundation[13]
- Advisory Board, The Good Judgment Project
References
[edit]- ^ "Carl Spetzler, CEO | Strategic Decisions Group". Retrieved 2016-09-14.
- ^ "An Interview with CEO and Chairman of Strategic Decisions Group Dr. Carl S Spetzler". Retrieved 2016-09-14.
- ^ "The CMA Promise". wealthmanagement.com. November 2007. Retrieved 2016-09-14.
- ^ Nocera, Joe (1994). A Piece of The Action How The Middle Class Joined The Money Class. New York: Simon & Schuster. pp. 128–156. ISBN 978-0684804354.
- ^ "Strategic Decisions Group -". Strategic Decisions Group. Retrieved 2016-09-14.
- ^ "Carl Spetzler, CEO | Strategic Decisions Group". Retrieved 2016-09-14.
- ^ Spetzler, C. S. (1968-09-01). "The Development of a Corporate Risk Policy for Capital Investment Decisions". IEEE Transactions on Systems Science and Cybernetics. 4 (3): 279–300. doi:10.1109/TSSC.1968.300122. ISSN 0536-1567.
- ^ "Society of Decision Professionals". www.decisionprofessionals.com. Retrieved 2016-09-14.
- ^ "SRI Alumni Association: Hall of Fame | SRI International". www.sri.com. Retrieved 2016-09-14.
- ^ INFORMS. "Frank P. Ramsey Medal - INFORMS". www.informs.org. Archived from the original on 2016-05-13. Retrieved 2016-09-14.
- ^ Staff Writer. "2008 100 Most Influential People in Finance". Retrieved 2016-09-14.
- ^ "Board of Trustees | President | Illinois Institute of Technology". web.iit.edu. Retrieved 2016-09-14.
- ^ "Decision Education Foundation". Decision Education Foundation. Retrieved 2016-09-14.