How to Choose the Appropriate Decision-making Method

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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 or 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. Courtney et al. (2013) explain a model of decision making that matches the right tools to the decisions to be made. Their model is based on three (...) Read more? Sign up for free

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		Jaap de Jonge, Editor, Netherlands
	Who Still Thinks Decision-making is Easy? Thank you for contributing this outstanding summar (...)

		Yeshwant Moodliar, Consultant, India
	Another Factor to Decide on Decision Making A most important factor in any decision making is (...)

		De Monte, Canada
	Wise Decision-making Requires Intelligence, Regardless of Method The mind requires data/information and knowledge, (...)

		SURENDRA GANGADHAR YERNAL, Project Manager, India
	A Real Taste of Decision Making Decision making is not restricted to a certain lev (...)

		Andrew Blaine, Business Consultant, South Africa
	Blink and Making Decisions And if you are still in a quandary after all this (...)

		Nyasulu Pachisi, Malawi
	Decision Making Depending on the Situation at Hand Great discussion, analysis of the situation at han (...)

		Stefania Di Cristofalo, Coach, Italy
	Clear Vision to Take Decisions @: The Achilles heel of the decision making are al (...)

		Victor Jurado, Business Consultant, Mexico
	Quality and Acceptance Factors in Decision-Making Process I think its important to take certain attitudes, b (...)

		MOHAMED ELDALY
	The Importance of Organizing and Cooperating by Management in the Decision Making Process Summarizing what was said until know I think that (...)

		David Dicanot, Analyst, France
	Decision-making Process Similar to the Chess Player's Hello, consider the similarity between a decision- (...)

		Greenhow, Consultant, Sweden
	Many Decisions Rest on Wrong Assumptions and Biases 1. This discussion helps to deal with an assumptio (...)

		De Monte, Canada
	The Decision-making Tool in a Complex Environment is the Computer Assuming and presuming no bias, prejudice and conf (...)

		Jaap de Jonge, Editor, Netherlands
	If you don't Select the Right Decision Context, You're Dead @: I believe you hit the nail on the head. Those k (...)

		Andrew Blaine, Business Consultant, South Africa
	A Bad Decision is Better Than no Decision @: The importance of making the right decision is (...)

		Jillo K. Molu, Accountant, Kenya
	Objectivity is Very Important in Decision-making Not having a desired outcome, irrespective of how (...)

		De Monte, Canada
	Making the Right Decison Requires an Effective Plan @: Language, words and instructions require carefu (...)

		Jaap de Jonge, Editor, Netherlands
	Is Waiting a Good Decision Making Strategy? @: Whether postponing a decision, or involving exp (...)

		edward sevume, Sweden
	Decision Making Failure and the Reasons Why! What really disturbs me is when decision making is (...)

		Bhavesh Sodagar, Manager, India
	Agree on Importance of the Factors Before Taking a Decision Very fruitful discussions, indeed! The factors me (...)

		Andrew Blaine, Business Consultant, South Africa
	Making Decisions @: 50 years ago, as a young Officer Cadet, I was (...)

		Jaap de Jonge, Editor, Netherlands
	The Appropriate Decision-making METHOD Andrew, thanks for your reaction. Indeed the situa (...)