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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The Role of Opinions in Decision-making
M Y Zainudeen, Management Consultant, Sri Lanka, Member
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....
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Opinions Play a Major Role in Decision Making
Kathi Deavers, United States, Member Opinions play a major role in all the choices we make in life, both personal and professional. Our opinions are a reflection of our morals, our ethics...
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The Plus, Minus, Interesting Tool by De Bono
Bernd Born, Manager, Germany, Member First I think opinions are based on our experience.
Second I made good progress with the Plus, Minus, Interesting tool from De Bono (PMI)....
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Using Opinions by Other People in Decision Making
Mansur Ikhlas, Director, United Arab Emirates, Member Opinions are complicated element and influenced by many factors as mentioned in above messages. One of the main influences is also the relationship...
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Problems with Decision Maker's Own Opinions
Jaap de Jonge, Editor, Netherlands Even when there is plenty of superb management information available, and even if lots of excellent opinions have been shared by other people, then st...
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Personal Attributes in Decision Making
M Y Zainudeen, Management Consultant, Sri Lanka, Member I fully agree with you comment Jaap. All what we discuss is about decision making under normal conditions of the brain functionality of the decision m...
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