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Decision Making

Decision Making can be defined as a management approach and process of selecting the most logical choice from the available options to create the best situation.

Decision Making can be defined as a management approach and process of selecting the most logical choice from the available options to create the best situation.

Making decisions is a common thought process within modern management. Every professional or manager makes hundreds of decisions in the challenging environment where he or she works.

It is an important process because he or she has to determine both organizational and managerial activities and priorities, based on their time, resources and other influential variables.

Decisions on management level are important because they often are related to business activities, organizational functioning and business goals. There have been lots of scientific and practical studies on the process from a learning point of view.

What are the most known and used models and methods? What are their success stories and practical tips when you apply these? These posts are all about great theories, methods and famous tools and can help you to achieve your goal or understand certain aspects of made decisions.

Decision Tree Analysis: the Theory and an Example

May 28th, 2024

Decision Tree Analysis: this article describes the Decision Tree Analysis in a practical way. Next to what it is, this article also higlights the process, the “What if” thought, Visualization and Representation, a practical Decision Tree Analysis example. This…

What If Analysis: the Basics and an Example

May 22nd, 2024

What If Analysis: this article explains the What If Analysis or Scenario Analysis in a practical way. Next to what it (definition) is, this article also highlights a What If Analysis example and the 5 basic steps to perform this…

Six Thinking Hats Technique explained

April 8th, 2024

Six Thinking Hats technique: this article explains the Six Thinking Hats technique, developed by Edward de Bono in a practical way. This article contains the meaning of the Six Thinking Hats technique and a practical explanation of all six…

Borda Count Method: Basics and an Example

March 25th, 2024

Borda Count Method: this article provides a practical explanation of the Borda Count Method. Next to what it is, this article highlights a concrete calculation example and the solution, the critism and the alternatives. After reading, you’ll understand the…

OODA Loop by John Boyd explained

February 28th, 2024

OODA Loop process: this article describes the concept of the OODA Loop process, developed by John Boyd in a practical way. Next to what it is (meaning and theory), this article highlights the improatcne of interaction with environment, the…

Business Experiments: Steps and Examples

February 20th, 2024

Business Experiments: this article provides a practical explanation of various forms of Business Experiments. After reading, you’ll understand the basis of this supportive function for decision making, the various experiments, and the added value of experiments for both the organisation…

Cynefin Framework (Snowden)

November 11th, 2023

Cynefin Framework: this article explains the Cynefin Framework, developed by Dave Snowden and Mary E. Boon, in a practical way. The article starts with general theory of this framework, followed by an example of contexts in which this…

Decision Matrix Analysis

November 11th, 2023

Decision Matrix Analysis: this article explains the Decision Matrix Analysis in a practical way. After reading it, you will understand the basics of this powerful decision making method. This article also contains a downloadable and editable Decision Matrix Analysis template.…

Risk Impact Probability Chart

September 29th, 2023

Risk Impact Probability Chart: this article provides a practical explanation of risk impact probability chart. Next to what it is, this article also highlights what this chart shows, the combination with the risk impact analysis and risk mitigation. After…
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