|
Get access now to all 12manage knowledge centers and discussion forums, including Decision-making and Valuation. Completely free.
|
|
Anneke Zwart Student (University), Netherlands
|
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.
Courtney et al. (2013) explain a model of decision making that matches the right tools to the decisions to be (...) Read more? Sign up for free
X
All about Decision-making and Valuation and business administration. Completely free.
Log in
|
|
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
@De Monte: The Achilles heel of the decision makin (...)
|
|
|
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
@Greenhow: I believe you hit the nail on the head. (...)
|
|
|
Andrew Blaine Business Consultant, South Africa
|
|
A Bad Decision is Better Than no Decision
@Jaap de Jonge: The importance of making the righ (...)
|
|
|
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
@Jaap de Jonge: Language, words and instructions r (...)
|
|
|
Jaap de Jonge Editor, Netherlands
|
|
Is Waiting a Good Decision Making Strategy?
@Andrew Blaine: Whether postponing a decision, or (...)
|
|
|
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
@Jaap de Jonge: 50 years ago, as a young Officer (...)
|
|
|
Jaap de Jonge Editor, Netherlands
|
|
The Appropriate Decision-making METHOD
Andrew, thanks for your reaction. Indeed the situa (...)
|
|