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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		Fr. Edgar Calunod, SVD, Student (University), Philippines
	Decision-making When There is no Enough Time to Analyze Management Information I do believe in "opinions", but I would like to em (...)

		Kathi Deavers, United States
	Opinions Play a Major Role in Decision Making Opinions play a major role in all the choices we m (...)

		Bernd Born, Manager, Germany
	The Plus, Minus, Interesting Tool by De Bono First I think opinions are based on our experience (...)

		M Y Zainudeen, Management Consultant, Sri Lanka
	Opinions in Decision-making: The Opinion Ball @ : I agree that opinions are mostly based on our (...)

		rilwan
	Questions When Using Other People's Opinions in Decision Making The extent to which opinions by other people are a (...)

		Mansur Ikhlas, Director, United Arab Emirates
	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 @: OK, but be very careful to assume that under no (...)