The Role of Opinions in Decision-making

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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. (...) Read more? Sign up for free

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		Decision-making When There is no Enough Time to Analyze Management Information Fr. Edgar Calunod, SVD, Student (University), Philippines, Member
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		Opinions Play a Major Role in Decision Making Kathi Deavers, United States, Member
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		The Plus, Minus, Interesting Tool by De Bono Bernd Born, Manager, Germany, Member
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		Opinions in Decision-making: The Opinion Ball M Y Zainudeen, Management Consultant, Sri Lanka, Member
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		Questions When Using Other People's Opinions in Decision Making rilwan
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		Using Opinions by Other People in Decision Making Mansur Ikhlas, Director, United Arab Emirates, Member
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		Problems with Decision Maker's Own Opinions Jaap de Jonge, Editor, Netherlands
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		Personal Attributes in Decision Making M Y Zainudeen, Management Consultant, Sri Lanka, Member
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		We Decide not So Rational as we Think we Do Jaap de Jonge, Editor, Netherlands
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