Reasoning in Decision Making

Decision-making and Valuation

 

Next Topic

Decision-making and Valuation > Best Practices > Reasoning in Decision Making

Reasoning in Decision Making
K.Narayana Moorthy, HR Consultant, India, Member
In a business decision making process, an aspect of ’Reasoning’ is involved. Reasoning is the process of using existing knowledge to draw conclusions, make predictions, or construct explanations. There are 3 main types:
  1. Deductive Reasoning: Conclusion guaranteed: This process starts with the assertion of a general rule and proceeds from there to a guaranteed specific conclusion.
  2. Inductive Reasoning: This process begins with observations that are specific and limited in scope, and proceed to a generalized conclusion that is likely, but not certain, in the light of accumulated evidence.
  3. : Taking your best shot: It typically begins with an incomplete set of observations and proceeds to the likelihood possible explanation for the set. It can be creative, intuitive, and even revolutionary.
(...) Read more? Sign up for free

Please register now to read all responses and to join this discussion yourself. It's easy and 100% free.

Sign up for free     Log in


  More Forms of Reasoning in Decision Making
Jaap de Jonge, Editor, Netherlands
  (...)

  Reasoning Processes in Decision Making
K.Narayana Moorthy, HR Consultant, India, Member
  (...)

   
Decision-making and Valuation
Forum
15 Obstacles to Making Decisions
The Role of AI in Strategic Decision-making
🔥The Role of Good Judgment in Decision Making
Best Practices
🥇Gut Feeling / Intuition in Decision-making
🥈Looking for old values video
🥉Decision-making According to Peter Drucker
The Role of Optimism in Decision-Making
Decision-making Reviews?
Why a Leader Must Make Informed Decisions
Decision Making Process not Only for Managers
5 Steps to Learn from your Mistakes
Improving the Decision-making by Managers: Choice Architecture
Individual vs Organizational DM
Conscious and Unconscious Decision-making
Decision Making and Economics
The Role of Opinions in Decision-making
Avoid 3 Common Decision-traps
Being Afraid of Making Decisions
How to Choose the Appropriate Decision-making Method
What Makes a Manager Into a Good Decision-maker? 10 Traits for Decision Making
Making no Decision at All
Avoid Hasty Decision-making
What is Institutional Theory?
Apps for Decision-making
Reasoning in Decision Making
The Role of Religion in Decision Making
Differences in Decision-making in Nonprofit Organizations in Developed and Developing Countries
Making Selfless Decisions


Decision-making and Valuation

 

Next Topic



About 12manage | Advertising | Link to us / Cite us | Privacy | Suggestions | Terms of Service
© 2020 12manage - The Executive Fast Track. V15.5 - Last updated: 4-7-2020. All names ™ of their owners.