Why a Leader Must Make Informed Decisions

Decision-making and Valuation

 

Next Topic

Decision-making and Valuation > Forum > Why a Leader Must Make Informed Decisions

Why a Leader Must Make Informed Decisions
Salhat Abbasova, Manager, Azerbaijan, Premium Member
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
 

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

    Log in

 
Any Manager Must Make Informed and Educated Decisions
Jaap de Jonge, Management Consultant, Netherlands
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.
 

   

 
PROs and CONs of Informed Decision-making
Matthias Bittrich, Business Consultant, Germany, Premium Member
(...)
 

 
Pros and Cons of Informed Decision-Making
Graham Williams, Management Consultant, South Africa, Premium Member
(...)
 

   

 
Why a Leader Must Make Informed Decisions
George Kampango, Malawi, Member
(...)
 

 
Making Informed Decisions in a Dynamic World
Lucas Kennekae, Manager, Botswana, Member
(...)
 

 
Group or Functional Approach to Leadership
umar ibrahim, Student (University), Nigeria, Member
(...)
 

 
Self-Confidence While Making Informed Decision
Abdullahi Dodo, Lecturer, Nigeria, Member
(...)
 

 
Informed DM in Public Safety and Chaotic Situations
Michael Norris, Director, United States, Premium Member
(...)
 

 
Tradeoff in Decision-making between Being Informed and Relying on Instinct
Gandhi Heryanto, Management Consultant, Indonesia, Premium Member
(...)
 

 
Leaders must Ensure their Information Sources are Reliable
Sridhar Gopal, Management Consultant, India, Premium Member
(...)
 

 
Educated and Calculated Decision Making
James Mudzikitiri, Business Consultant, Zimbabwe, Member
(...)
 

 
Calculated Decision-making
Jaap de Jonge, Management Consultant, Netherlands
(...)
 

 
How do we Ensure Informed Decisions are Made?
George Kampango, Malawi, Member
(...)
 

 
Informed Decisions Require Both Ratio and Intuition
Graham Williams, Management Consultant, South Africa, Premium Member
(...)
 

 
Calculated Decisions
Matthias Bittrich, Business Consultant, Germany, Premium Member
(...)
 

 
Decision-making and -implementation
Akhlaque Ahmed, Student (MBA), Pakistan, Member
(...) 19-12-2019
 

 
A Leader Must Make Informed and Ethical Decisions
Graham Williams, Management Consultant, South Africa, Premium Member
(...) 19-12-2019
 

 
Use Six Thinking Hats to Make Informed Decisions
Gary Wong, Consultant, Canada, Premium Member
(...) 9-1-2020
 

 
3 Decision Making Styles
Daniel Schneider, Business Consultant, United States, Premium Member
(...) 9-1-2020
 

 
Use Six Thinking Hats to Make Informed Decisions
Graham Williams, Management Consultant, South Africa, Premium Member
(...) 10-1-2020
 

         
Decision-making and Valuation

Forum
Best Practices


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. V15.3 - Last updated: 17-1-2020. All names ™ of their owners.