The Role of Opinions in Decision-making

 
Decision-making and Valuation > Best Practices

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....Sign up 		 

 
Decision-making When There is no Enough Time to Analyze Management Information
Fr. Edgar Calunod, SVD, Student (University), Philippines, Member
I do believe in "opinions", but I would like to emphasize "opinions of many heads".
There is nobody who holds absolute and correct opinio...Sign up
  

 
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...Sign up
  

 
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)....Sign up
  

 
Opinions in Decision-making: The Opinion Ball
M Y Zainudeen, Management Consultant, Sri Lanka, Member
@Kathi Deavers : I agree that opinions are mostly based on our experience and our beliefs, religion, culture, polit...Sign up
  

 
Questions When Using Other People's Opinions in Decision Making
rilwan, Management Consultant, Nigeria, Member
The extent to which opinions by other people are allowed in decision making depends on the style of management. A consultative management style would ...Sign up
  

 
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...Sign up
  

 
Problems with Decision Maker's Own Opinions
Jaap de Jonge, CEO, Netherlands, Editor
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...Sign up
  

 
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...Sign up
  

 
We Decide not So Rational as we Think we Do
Jaap de Jonge, CEO, Netherlands, Editor
@M Y Zainudeen: OK, but be very careful to assume that under normal circumstances a normal decision maker thinks an...Sign up
  

   


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