Gut Feeling / Intuition in Decision-making

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Decision-making and Valuation > Best Practices > Gut Feeling / Intuition in Decision-making

Gut Feeling / Intuition in Decision-making
Dale Kennedy
I don't believe in any rational decision-making methods for managers. The complexity of most management decisions is big, and the circumstances change quickly. So many executives prefer the 'Gut Feeling approach'. Even if we want to be rational, our rationality is influenced by multiple Cognitive Biases. And when we're working in teams the situations gets worse due to Groupthink etc. So forget about rational decision-making models. (...) Read more? Sign up for free

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  Decision-making
Leo1
  I agree it's about gut feel and knowing your Values.

  Gut feeling Approach
Brendan Dunphy
  And how do you think Dale we develop our 'gut feeling approach'? It may seem that it is instinctive but in reality it has developed over time and as a result of much conscious and unconscious self-analysis, observation, questioning etc. To deny 'rational decision-making methods' for managers (or anyone else) can only serve to lessen our ability to make better decisions 'instinctively' when we need to.

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