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The Role of Opinions in Decision-making

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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.
 

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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 emphasize "opinions of many heads". There is nobod... Sign up

 
4
Kathi Deavers
United States
 

Opinions Play a Major Role in Decision Making

Opinions play a major role in all the choices we make in life, both personal and professional. Our o... Sign up

 
2
Bernd Born
Manager, Germany
 

The Plus, Minus, Interesting Tool by De Bono

First I think opinions are based on our experience. Second I made good progress with the Plus, Minu... Sign up

 
4
M Y Zainudeen
Management Consultant, Sri Lanka
 

Opinions in Decision-making: The Opinion Ball

@Kathi Deavers : I agree that opinions are mostly based on our experience and our beliefs, religion,... Sign up

 
2
rilwan, Nigeria
 

Questions When Using Other People's Opinions in Decision Making

The extent to which opinions by other people are allowed in decision making depends on the style of ... Sign up

 
2
Mansur Ikhlas, United Arab Emirates
 

Using Opinions by Other People in Decision Making

Opinions are complicated element and influenced by many factors as mentioned in above messages. One ... Sign up

 
2
Jaap de Jonge
Editor, Netherlands
 

Problems with Decision Maker's Own Opinions

Even when there is plenty of superb management information available, and even if lots of excellent ... Sign up

 
0
M Y Zainudeen
Management Consultant, Sri Lanka
 

Personal Attributes in Decision Making

I fully agree with you comment Jaap. All what we discuss is about decision making under normal condi... Sign up

 
0
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 that under normal circumstances a normal decision ... Sign up

 

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More on Decision-making and Valuation:
Methods, Models and Theories
Discussion Topics
topic Rational Decision-making
topic Decision-making According to Peter Drucker
topic 5 Steps to Learn from your Mistakes
topic 15 Obstacles to Making Decisions
topic The Role of Optimism in Decision-Making
topic Why a Leader Must Make Informed Decisions
topic Avoid These Common Decision Traps and Errors
topic Decision Making Process not Only for Managers
topic Conscious and Unconscious Decision-making
topic Individual versus Organizational Decision-making
topic Improving the Decision-making by Managers: Choice Architecture
topic Decision-making Reviews?
topic How to Choose the Appropriate Decision-making Method
🔥 6 Ways of Dealing with Uncertainty at Work
👀The Role of Opinions in Decision-making
topic Good Judgment in Decision Making
topic Making no Decision at All
topic What Makes a Manager Into a Good Decision-maker? 10 Traits for Decision Making
topic Avoid Hasty Decision-making
topic The Role of Religion in Decision Making
topic Silence Following a Decision is Sometimes Seen as Agreement
topic What is Institutional Theory?
topic Apps for Decision-making
topic Reasoning in Decision Making
topic Role of Artificial Intelligence in Organizational Decision-making
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