Short course: Product Recall Decision-Making
Product recall decisions are some of the most critical decisions firm leaders make. Making the decision too quickly or too slowly can lead to negative consequences for stakeholders. While research in recall decision-making is new, Kelley faculty are leading the way in this innovative research domain. In this one-day course, firm leaders who make or oversee product recall processes and decisions will gain detailed exposure to the cutting-edge behavioral and econometric research that examines recall decision-making. This will include:
- Effect of possible biases: Research demonstrates that areas such as gender, cognitive reflection, executive compensation, and political ideologies all influence how, and in particular how quickly, a firm makes recall decisions.
- Recall causes: Research looks at causes and how firms can avoid recalls in the first place.
- Expert faculty: The instructing faculty, Associate Professor George Ball, has worked in regulated industries that experience frequent product recalls; has collaborated with recall regulators closely on multiple federal grants; and is the leading academic researcher in the field of product recall decision-making.