In theory Evidence Based Management (EBMgt) is making the best possible decision with the most current available research and tools available. EBMgt emphasizes gathering and paying attention to the data, understanding the best current theory about the subject of a particular decision, and continually updating both theory and evidence as new information becomes available (PFEFFER, 2012). In the process creating principles based on evidence to which to follow. Sound like a walk in the park, but principles are credible only where the evidence is clear, and research findings can be tough for both researchers and practitioners to interpret (ROUSSEAU, 2006).
Evidence-Based Management theory started from the success of Evidence–Based Medicine. By continued observance of cause and effect on patients, doctors can make a better prognosis on future patients, therefore eliminating unneeded care and cost. The attributes of evidenced based medicine provide a useful reference point for exploring what its counterpart in management might look like (ROUSSEAU, 2006) .
.During the past decade several theses on implementation of EBMgt have been browsed upon, but has not gone mainstream with big businesses. A business is not as predictable as the human body. One cannot just give an a business Tylenol and the solution will magically manifest itself from thin air. and there are several road blocks once EBMgt it’s been implemented. EBMgt theory has three basic roadblocks that a manger must undertake; finding the evidence, finding relevant research, and obtaining the relevant material (Werner, 2012).
Data or evidence is everywhere in this day age. Finding evidence also depends on the format or type of evidence you are looking for. In brief, with hundreds of English-language magazines and journals devoted to business and management issues, dozens of business newspapers, roughly 30,000 business books in print and thousands more being published each year, and the Web-based outlets for business knowledge continuing to expand, it is fair to say that there is simply too much information for any manager to consume (Sutton, 2006). There is no systematic yardstick to clue the decision maker as to what evidence is most reliable. What exactly is evidence? What evidence should be considered, under which circumstances, and why (Vishwanath V. Baba, 2012)? A basic google search of “evidence based management” effectively found over 123,000,000 results based on the subject and not all results where entirely relevant.
Narrowing down specific relevant research is crucial for EBMgt. One concern is that the current business environment changes more rapidly...