This document discusses evidence based management practices. It defines evidence based management as making decisions using the best available evidence from multiple sources. The key aspects of evidence based management are that it is driven by science and data, reduces errors, and enhances expertise. The process involves asking questions, acquiring evidence, appraising evidence, aggregating evidence, applying it, and assessing the results. Evidence can come from empirical studies, organizational data, practitioner experience, and stakeholders. The document addresses some misconceptions about evidence based practices and provides examples of evidence supporting the use of evidence based practices.

1. Topic: Evidence Based Management Practices
Course Title: Management and Organizational Behavior
Course Code: BUS 7301
Course Teacher: Prof. Dr. Md. Abul Kashem
Presented by
Md. Papul Mia
Roll No: 2023031046
Program: MBA (Professional)
Bangladesh University of Professionals (BUP)

2. Evidence-based management practice is about making
decisions through the conscientious, explicit and
judicious use of the best available evidence from
multiple sources.
Evidence Based Management

3. • EBM -Is driven by science and data.
• EBM -Reduces errors in judgement.
• EBM -Enhance the expertise of the professional.

4. Process
of EBM
1. Asking
2. Acquiring
3. Appraising
4. Aggregating
5. Applying
6. Assessing

5. Sources of Evidence Base Practice
• Findings from empirical studies published
in academic journalsScientific literature
• Data, facts and figures gathered from the
organizationOrganization
• The professional experience and judgment
of practitionersPractitioners
• The values and concerns of people who
may be affected by the decisionStakeholders

6. Misconception
About Evidence
Based Practice
1. Evidence-based practice ignores the
practitioner’s professional experience.
2. Evidence-based practice is all about numbers
and statistics.
3. Managers need to make decisions quickly and
don’t have time for evidence-based practice.
4. Each organization is unique, so the usefulness
of evidence from the scientific literature is limited.
5. If you do not have high-quality evidence, you
cannot do anything.
6. Good-quality evidence gives you the answer to
the problem.

7. Evidence For
Evidence
Based
Practice
1. Forecasts or risk assessments based on the aggregated
(averaged) professional experience of many people are more
accurate than forecasts based on one person’s personal
experience (provided that the forecasts are made
independently before being combined).
2. Knowledge derived from
scientific research is more
accurate than the opinions of
experts.
3. Professional judgments based
on hard data or statistical models
are more accurate than judgments
based on individual experience.
4. A decision based on the combination of
critically appraised evidence from multiple
sources yields better outcomes than a
decision based on a single source of
evidence.
5.Evaluating the outcome of a
decision has been found to
improve both organizational
learning and performance,
especially in novel and non-
routine situations.