How to Choose the Appropriate Decision-making Method

 
Decision-making and Valuation > Best Practices

In the best practices section you will find the best forum discussions within this knowledge area.


How to Choose the Appropriate Decision-making Method
Anneke Zwart, Student (University), Netherlands, Moderator
Most decision makers in organizations rely on conventional decision-making tools - even in situations of high complexity and uncertainty. However, these basic tools are based upon the assumption that decision makers have access to all information that is needed. Therefore, these conventional tools can only work in stable contexts.
See also the Cynefin Framework or Taleb's 4 Quadrants to appreciate the difference between these decision-making circumstances/contexts: in uncertain and complex environments the conventional tools are useless, mainly because of the lack of reliable and complete information.
The problem with the above is not the absence of alternative tools; rather, it is the lack of clear guidance about how and when to use what tools. As a result, managers will use only those tools that they are highly familiar with, instead of using the most appropriate tools.<...Sign up 		 

 
Who Still Thinks Decision-making is Easy?
Jaap de Jonge, Editor, Netherlands
Thank you for contributing this outstanding summary! An earlier 2007-article by Snowden and Boone already presented the Sign up
 

 
Another Factor to Decide on Decision Making
Yeshwant Moodliar, Consultant, India, Member
A most important factor in any decision making is also the TIME FRAME to be observed in conveying your decision. At times, speed of response is warran...Sign up
 

 
Wise Decision-making Requires Intelligence, Regardless of Method
De Monte, Canada, Member
The mind requires data/information and knowledge, just like a computer, to apply a program method/tool/ software, to analise for an indicator/ trend a...Sign up
 

 
A Real Taste of Decision Making
SURENDRA GANGADHAR YERNAL, Project Manager, India, Member
Decision making is not restricted to a certain level of the management, decisions have to be taken by every process owner.
The above article will...Sign up
 

 
Blink and Making Decisions
Andrew Blaine, Business Consultant, South Africa, Member
And if you are still in a quandary after all this deliberation follow Gladwell and "blink"! (Preferably, read the book and enter the decision-making p...Sign up
 

 
Decision Making Depending on the Situation at Hand
Nyasulu Pachisi, Malawi, Member
Great discussion, analysis of the situation at hand is very important. Even after that it is always necessary that the decision maker should be of a s...Sign up
 

 
Clear Vision to Take Decisions
Stefania Di Cristofalo, Coach, Italy, Member
@De Monte: The Achilles heel of the decision making are all the resistances people have to see the reality for what...Sign up
 

 
Quality and Acceptance Factors in Decision-Making Process
Victor Jurado, Business Consultant, Mexico, Member
I think its important to take certain attitudes, behavior, interests and other human variables into account. We can make our best selection and use of...Sign up
 

 
The Importance of Organizing and Cooperating by Management in the Decision Making Process
MOHAMED ELDALY, Analyst, Egypt, Member
Summarizing what was said until know I think that the decision making process may depend basically upon an appropriate assessment of the environment a...Sign up
 

 
Decision-making Process Similar to the Chess Player's
David Dicanot, Analyst, France, Member
Hello, consider the similarity between a decision-making process as described and how the chess player decides to play a move.
1. The chess playe...Sign up
 

 
Many Decisions Rest on Wrong Assumptions and Biases
Greenhow, Consultant, Sweden, Member
1. This discussion helps to deal with an assumption decision-makers often make: that they have access to all the information needed. And there is a se...Sign up
 

 
The Decision-making Tool in a Complex Environment is the Computer
De Monte, Canada, Member
Assuming and presuming no bias, prejudice and conflict of interest to filter, the central collection of intelligence in a modern organizational enviro...Sign up
 

 
If you don't Select the Right Decision Context, You're Dead
Jaap de Jonge, Editor, Netherlands
@Greenhow: I believe you hit the nail on the head. Those kind of wrong assumptions of having proper information and...Sign up
 

 
A Bad Decision is Better Than no Decision
Andrew Blaine, Business Consultant, South Africa, Member
@Jaap de Jonge: The importance of making the right decision is only outweighed by the value of a decision. If a de...Sign up
 

 
Objectivity is Very Important in Decision-making
Jillo K. Molu, Accountant, Kenya, Member
Not having a desired outcome, irrespective of how informed a decision maker is about the factors to consider, contributes to the probability of good d...Sign up
 

 
Making the Right Decison Requires an Effective Plan
De Monte, Canada, Member
@Jaap de Jonge: Language, words and instructions require careful alignment just like a blueprint to anything before...Sign up
 

 
Is Waiting a Good Decision Making Strategy?
Jaap de Jonge, Editor, Netherlands
@Andrew Blaine: Whether postponing a decision, or involving experts, or involving many people in a decision is a he...Sign up
 

 
Decision Making Failure and the Reasons Why!
edward sevume, Sweden, Member
What really disturbs me is when decision making is influenced by confirmation bias! And what of that thing called Sign up
 

 
Agree on Importance of the Factors Before Taking a Decision
Bhavesh Sodagar, Manager, India, Member
Very fruitful discussions, indeed!
The factors mentioned in the above discussion also include the team members. They also play a critical role by...Sign up
 

 
Making Decisions
Andrew Blaine, Business Consultant, South Africa, Member
@Jaap de Jonge: 50 years ago, as a young Officer Cadet, I was taught the process of making "An Appreciation of the...Sign up
 

 
The Appropriate Decision-making METHOD
Jaap de Jonge, Editor, Netherlands
Andrew, thanks for your reaction. Indeed the situation/circumstances should be taken into account in any decision you make. That's a no-brainer.
...Sign up
 

   
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