Franks Frank
Apr 6
Approaches to decision making??
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Apr 6
1. Rational decision making: This approach involves systematically analyzing all available information, considering all possible options, and choosing the option that is most likely to achieve the desired outcome.
2. Intuitive decision making: This approach involves relying on gut feelings, instincts, and past experiences to make decisions quickly and efficiently.
3. Behavioral decision making: This approach takes into account the psychological and emotional factors that influence decision making, such as biases, heuristics, and cognitive limitations.
4. Collaborative decision making: This approach involves involving multiple stakeholders in the decision-making process, gathering input and feedback from various sources, and reaching a consensus or compromise.
5. Ethical decision making: This approach involves considering the moral and ethical implications of a decision, and choosing the option that aligns with ethical principles and values.
6. Data-driven decision making: This approach involves using data and analytics to inform decision making, relying on quantitative information and evidence to guide choices.
7. Strategic decision making: This approach involves considering the long-term implications and consequences of a decision, and aligning choices with overall organizational goals and objectives.
2. Intuitive decision making: This approach involves relying on gut feelings, instincts, and past experiences to make decisions quickly and efficiently.
3. Behavioral decision making: This approach takes into account the psychological and emotional factors that influence decision making, such as biases, heuristics, and cognitive limitations.
4. Collaborative decision making: This approach involves involving multiple stakeholders in the decision-making process, gathering input and feedback from various sources, and reaching a consensus or compromise.
5. Ethical decision making: This approach involves considering the moral and ethical implications of a decision, and choosing the option that aligns with ethical principles and values.
6. Data-driven decision making: This approach involves using data and analytics to inform decision making, relying on quantitative information and evidence to guide choices.
7. Strategic decision making: This approach involves considering the long-term implications and consequences of a decision, and aligning choices with overall organizational goals and objectives.
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