All about Decision-making and Valuation
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In the best practices section you will find the best forum discussions within this knowledge area.
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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.
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Decision-making
Leo1 I agree it's about gut feel and knowing your Values.... 
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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...
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Rational decision making!
Paul Ward I hope I never work at a company that believes only in gut feeling approaches to decision making, and eschews rational decision-making models. One of ...
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Rational Decision Making
Andrew Smith, Quality Management and Auditing, Philippines, Member I think the Gut Feeling Approach is only applicable for a situation where you need "a right away decision" or an unexpected situations that needs an i...
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Rational Decision Making
Ivan Lax I think it is more about helping groups understand why they make the decisions they do or how they arrived at them. We deploy Multi Criteria Decision ...
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Imagination and Intuition in Decision-making
NIGAH-E-NAZAR , Financial Consultant, Pakistan, Member Albert Einstein acknowledged the importance of intuition when he said, " I believe in intuition and inspiration. At times I feel certain that I am rig...
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Gut Feeling in Decision Making
Gandhi Heryanto, Management Consultant, Indonesia, Member Follow Your Gut, Your Instincts Are Seldom Wrong. That is a topic by Don Todrin, Yahoo! Contributor Network, Dec 27, 2009.
I read an article many...
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Rational Decision Making or Gut Feeling
Bernd Born, Manager, Germany, Member This is a different approach. I think an important aspect of your method is, that you do a step back. Then you will be able to consider aspects which ...
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Intuitive Decision Making
Sridhar Gopal, Management Consultant, India, Member When making everyday management decisions, most of the time we adhere to well laid-out standard procedures of our companies, yet we could go wrong in ...
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Technocratic versus Intuitive Decision Making
Anneke Zwart, Student (University), Netherlands, Moderator In managing a business efficiently, managers have the task to make the right decisions. The types of decision-making and its effectiveness can differ ...
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