The Role of Good Judgment in Decision Making

Decision-making and Valuation

Decision-making and Valuation > Forum

New Topic

Gandhi Heryanto
Management Consultant, Indonesia
🔥NEW We are often in a situation where there are no right or wrong answers when we must make a decision. In such situations we need "good judgment". Good judgment is the ability to combine personal qualities with relevant knowledge and experience to form opinions and make decisions. According to Likierman S.A., The Elements of Good Judgment, Harvard Business Review, January February 2020, there are six basic components of good judgment, namely learning, trust, experience, detachment, options, and delivery: LEARNING: Listen Attentively, Read Critically Good judgment requires that you turn knowledge into understanding. Many leaders rush to bad judgment because they unconsciously filter the information they receive or are not critical enough about what they hear or read. TRUST: Seek Diversity, Not Validation Leaders can utilize the skills and experience of others as well as their own experiences when they approach a decision. EXPERIENCE: Make it Relevant but Not Narrow Beyond the (...) Read more? Sign up for free


More on Decision-making and Valuation
15 Obstacles to Making Decisions
Being Afraid of Making Decisions
Avoid Hasty Decision-making
The Role of Good Judgment in Decision Making
What is Institutional Theory?
Apps for Decision-making
Reasoning in Decision Making
The Role of AI in Strategic Decision-making
The Role of Religion in Decision Making
Differences in Decision-making in Nonprofit Organizations in Developed and Developing Countries
Making Selfless Decisions
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
Individual vs Organizational DM
Improving the Decision-making by Managers: Choice Architecture
Conscious and Unconscious Decision-making
Decision Making and Economics
The Role of Opinions in Decision-making
Avoid 3 Common Decision-traps
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
Notify your students

Copy this into your study materials:

and add a hyperlink to:

Link to this discussion

Copy this HTML code to your web site:

Decision-making and Valuation


About 12manage | Advertising | Link to us / Cite us | Privacy | Suggestions | Terms of Service
2021 12manage - The Executive Fast Track. V15.7 - Last updated: 28-1-2021. All names of their owners.