The Role of Opinions in Decision-making

Decision-making and Valuation

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M Y Zainudeen
Management Consultant, Sri Lanka

The Role of Opinions in Decision-making

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.

  Fr. Edgar Calunod, SVD
Student (University), Philippines

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  Kathi Deavers
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  Bernd Born
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  M Y Zainudeen
Management Consultant, Sri Lanka

Opinions in Decision-making: The Opinion Ball

@Kathi Deavers : I agree that opinions are mostly (...)


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  Mansur Ikhlas

Using Opinions by Other People in Decision Making

Opinions are complicated element and influenced by (...)

  Jaap de Jonge
Editor, Netherlands

Problems with Decision Maker's Own Opinions

Even when there is plenty of superb management inf (...)

  M Y Zainudeen
Management Consultant, Sri Lanka

Personal Attributes in Decision Making

I fully agree with you comment Jaap. All what we d (...)

  Jaap de Jonge
Editor, Netherlands

We Decide not So Rational as we Think we Do

@M Y Zainudeen: OK, but be very careful to assume (...)

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Decision-making and Valuation

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