The Role of Opinions in Decision-making

Decision-making and Valuation > Best Practices Premium

The Role of Opinions in Decision-making
M Y Zainudeen, Management Consultant, Sri Lanka

Opinions play a major role in decision making in the absence of sufficient management information and lack of analytic skills.
Although modern management tools emphasize that management information is very important in rational decision making, such decision making is not always possible.
There are instances where decision making is purely based on opinions held by the decision maker. Because on one hand analyzing management information takes a long time, and on the other hand the situation demands a quick decision.
There are occasions in which a serious turn of opinion takes place with a sudden inflow of new information and knowledge. This is possible only for people who spend quite a lot of time in thinking about the subject matter involved, and are looking for new knowledge.... Register

Decision-making When There is no Enough Time to Analyze Management Information
Fr. Edgar Calunod, SVD, Student (University), Philippines

Opinions Play a Major Role in Decision Making
Kathi Deavers, Other, United States


Opinions in Decision-making: The Opinion Ball
M Y Zainudeen, Management Consultant, Sri Lanka


Using Opinions by Other People in Decision Making
Mansur Ikhlas, Director, United Arab Emirates

Problems with Decision Maker's Own Opinions
Jaap de Jonge, Editor, Netherlands

Personal Attributes in Decision Making
M Y Zainudeen, Management Consultant, Sri Lanka

We Decide not So Rational as we Think we Do
Jaap de Jonge, Editor, Netherlands


    Do you wish to study further? You can learn more from the summary, forum, discussions, lessons, courses, training, instructions, expert tips, best practices and education sources. Register.  

More on Decision-making and Valuation


Best Practices
Expert Tips


About 12manage | Advertising | Link to us | Privacy | Terms of Service
Copyright 2016 12manage - The Executive Fast Track. V14.1 - Last updated: 26-10-2016. All names tm by their owners.