Decision-making According to Peter Drucker
Definition of a Decision
A decision is a choice whereby a person performs a conclusion about a situation. This represents a course of behavior about what must or what must not be done. It is the po...
Why a Leader Must Make Informed Decisions
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...
Avoid These Common Decision Traps and Errors
Making decisions is your most critical job as a leader. The more high-stakes a decision is, the more likely you are to get stuck. Here's how to avoid three of the most common traps:
1. Anchoring Bias...
Conscious and Unconscious Decision-making
A decision is a neurological process taken individually, collectively, or with a cyber brain that results in an action. The decision and hence actions can be taken consciously or unconsciously and the...
Individual versus Organizational Decision-making
We should distinguish between two basic levels (or types) of decision-making when studying the above methods and theories:
1. Individual decision-making - Historically viewed as a relative simple, li...
Decision-making Reviews?
Jerome Groopman says it's about time that managers make themselves more vulnerable by organizing formal decision-making reviews when a poor decision has been made, or when a particularly important de...
The Role of Opinions in Decision-making
Opinions play a major role in decision making in the absence of sufficient management information and lack of analytic skills.
Although modern management tools emphasize that management information ...
Good Judgment in Decision Making
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 qualiti...
Role of Artificial Intelligence in Organizational Decision-making
What do you think is the role of Artificial Intelligence (big data, self-learning software, digital networks, algorithms) in strategic organizational decision-making?
Does it represent an entirely ne...
Avoid Hasty Decision-making
Life itself is the ultimate school for making decisions. We make decisions constantly when faced with any situation.
However, we need not be hasty about making them (although some are required on the...
The Role of Religion in Decision Making
Do Religion, Yoga, Meditation play any role in correct decision making?
Our religions preach many virtues which are age old and long lasting. They are playing a vital role in many people's lives.
- ...
Reasoning in Decision Making
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. Ther...
Apps for Decision-making
Are there any systems or intelligent apps to help make the most appropriate decision among a set of alternatives by choosing the best solution alternatives to a problem based on some analysis?...
Rational Decision-making
I don't believe in any rational decision-making methods for managers. The complexity of most management decisions is big, and the circumstances change quickly.
As a result, many executives prefer the...
5 Steps to Learn from your Mistakes
We all know that making mistakes is needed to learn from them, in order to do things better in the future. Indeed, people are often told to learn from mistakes, to maximize return on failure. But how ...
15 Obstacles to Making Decisions
What kinds of obstacles do you know to making (correct) decisions?
Here is my collection of common reasons which may or will lead to bad decisions. I am looking forward to hearing your further obstac...
Improving the Decision-making by Managers: Choice Architecture
A different approach towards improving decision making is 'Choice Architecture'.
In every organization, employees tend to make decisions that will neither benefit their employer nor themselves. Accor...
How to Choose the Appropriate Decision-making Method
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 ...
6 Ways of Dealing with Uncertainty at Work
Have you ever wondered if and how you should start a new job at a new organization? Are you considering the option of a transfer to a new team or department? Do you have jitters about the new project...
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