Why a Leader Must Make Informed Decisions

Decision-making and Valuation

 

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Decision-making and Valuation > Best Practices

Salhat Abbasova, Manager, Azerbaijan
Ramos said: 'No authority shall rule over reason, on the contrary the mind must prevail over the authority to manage it'. Therefore a wise leader should consider others’ opinion, especially the views of experts, and then make the best decision, which may increase his or her authority. (...) Read more? Sign up for free

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  Jaap de Jonge, Editor, Netherlands
 

Any Manager Must Make Informed and Educated Decisions

I agree with you that making any decision based on facts or information is important. Otherwise you’re not making business decisions, but you‘re gambling.

One step further: any manager or leader should make EDUCATED decisions under normal circumstances that is. When a person makes an educated decision about something, she has learned about the subject before making up her mind — she has been educated or educated herself, and she understands the subject well or even completely. A heck of a reason for visiting 12manage before you make any major business decision to look for methods, models, and ideas from others 😃

In my opinion, the extent to which a decision has to be informed and educated does depend on the decision-making context / environment. And the risk attitude of the decision-maker is also playing a role.
You might want to take a look at an earlier very good discussion about the role of gut feeling in decision-making.

  Anonymous
 

How to Make Informed Decisions?

In a recent article "4 steps to making informed de (...)

  Matthias Bittrich, Business Consultant, Germany
 

PROs and CONs of Informed Decision-making

Decisions under stress or fatigue are almost alway (...)

  Graham Williams, Management Consultant, South Africa
 

Pros and Cons of Informed Decision-Making

Indeed one shouldn't make a , especially in a fast (...)

  Anonymous
 

How to Tell Whether a Decision Was Informed?

How can you know if someone's decision was actuall (...)

  George Kampango, Malawi
 

Why a Leader Must Make Informed Decisions

This topic is indeed very interesting and full of (...)

  Lucas Kennekae, Manager, Botswana
 

Making Informed Decisions in a Dynamic World

While it is important that all information be avai (...)

  umar ibrahim, Student (University), Nigeria
 

Group or Functional Approach to Leadership

A group or functional approach to leadership allow (...)

  Abdullahi Dodo, Lecturer, Nigeria
 

Self-Confidence While Making Informed Decision

To make an informed decision a leader needs to lia (...)

  Michael Norris, Director, United States
 

Informed DM in Public Safety and Chaotic Situations

Informed decisions are not always possible in the (...)

  Gandhi Heryanto, Management Consultant, Indonesia
 

Tradeoff in Decision-making between Being Informed and Relying on Instinct

Sometimes we have to forget correct or wrong in ma (...)

  Sridhar Gopal, Management Consultant, India
 

Leaders must Ensure their Information Sources are Reliable

It's a known fact that leaders should generally ma (...)

  James Mudzikitiri, Business Consultant, Zimbabwe
 

Educated and Calculated Decision Making

I think there is a need to differentiate between e (...)

  Jaap de Jonge, Editor, Netherlands
 

Calculated Decision-making

@: Thanks for joining the discussion! Please expla (...)

  George Kampango, Malawi
 

How do we Ensure Informed Decisions are Made?

Whatever people said here about (informed) decisio (...)

  Graham Williams, Management Consultant, South Africa
 

Informed Decisions Require Both Ratio and Intuition

There is a seeming gap between the rational and th (...)

  Matthias Bittrich, Business Consultant, Germany
 

Calculated Decisions

@Jaap, I guess "educated decision" means a decisio (...)

  Akhlaque Ahmed, Student (MBA), Pakistan
 

Decision-making and -implementation

@: I think making decisions is an important proce (...)

  Graham Williams, Management Consultant, South Africa
 

A Leader Must Make Informed and Ethical Decisions

@: One other criterion for every business decisio (...)

  Gary Wong, Consultant, Canada
 

Use Six Thinking Hats to Make Informed Decisions

Many of the comments can be addressed by using the (...)

  Daniel Schneider, Business Consultant, United States
 

3 Decision Making Styles

Basically, people make decisions in one of three s (...)

  Graham Williams, Management Consultant, South Africa
 

Use Six Thinking Hats to Make Informed Decisions

@: I love de Bono's method for tackling group dec (...)

  Maurice Hogarth, Consultant, United Kingdom
 

Informed Decisions are Balanced

Having information seems fundamental to TAKING a d (...)

  Gary Wong, Consultant, Canada
 

The Instant of Decision is Madness

While we can control the making of a decision, we (...)

 
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Decision-making and Valuation

 

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