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Decision Making

Decision Making is an management approach and process of selecting the most logical choice from the available options to create the best situation.br />

Decision Making is an management approach and process of selecting the most logical choice from the available options to create the best situation.br />

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.

Paired Comparison Method

March 3rd, 2022

Paired Comparison Method: this article explains the Paired Comparison Method in a practical way. After reading it, you will understand the basics of this powerful Decision Making tool. What is the Paired Comparison Method? Paired Comparison Method is a handy…

Futures Wheel by Jerome Glenn

March 3rd, 2022

Futures Wheel: this article explains the Futures Wheel by Jerome Glenn in a practical way. After reading it, you will understand the basics of this powerful decision making method. What is the Futures Wheel? The American scientist Jerome C. Glenn

TDODAR Decision Making Model

March 3rd, 2022

TDODAR decision making model: this article provides a practical explanation of the TDODAR decision making model. After reading, you’ll have a basic understanding of this powerful decision-making tool. What Is the TDODAR Decision Making Model? The TDODAR decision…

Impact Analysis (IA)

March 3rd, 2022

Impact Analysis: this article explains the Impact Analysis in a practical way. After reading it, you will understand the basics of this powerful decision making method. What is an Impact Analysis? In 1996, American software engineers Robert S. Arnold and…

Linear Programming

March 3rd, 2022

Linear Programming: this article explains Linear Programming in a practical way. After reading it, you will understand the basics of this powerful Decision Making tool. What is Linear Programming? Linear programming is a mathematical method to determine the optimal scenario.…

Monte Carlo Simulation

March 3rd, 2022

Monte Carlo Simulation: this article explains the Monte Carlo Simulation in a practical way. After reading it, you will understand the basics of this powerful Decision Making tool. What is the Monte Carlo Simulation? The Monte Carlo Simulation is a…

Risk Analysis

March 3rd, 2022

Risk Analysis: this article provides a practical explanation of the concept of Risk Analysis. After reading it, you will understand the necessity and the benefits of Risk Analysis. What is Risk Analysis? the definition Organisations are often exposed to…

Prospect Theory (Tversky & Kahneman)

March 3rd, 2022

Prospect Theory: this article explains the Prospect Theory by Amos Tversky and Daniel Kahneman in a practical way. After reading it, you will understand the basics of this powerful Decision Making tool. What is the Prospect Theory? The Prospect Theory…

Decision Matrix Analysis

March 2nd, 2022

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.…

Decision Making Under Uncertainty

March 2nd, 2022

Decision Making Under Uncertainty: in this article George Chacko, among others, describes the process of decision making under uncertainty, in a practical way. After reading it, you will understand the basics of this powerful decision making tool. What…

Cynefin Framework (Snowden & Boon)

February 8th, 2022

Cynefin Framework: this article explains the Cynefin Framework, developed by Dave Snowden and Mary E. Boon, in a practical way. After reading it, you will understand the basics of this powerful Decision Making tool. What is the Cynefin…

Borda Count Method

February 4th, 2022

Borda Count Method: this article provides a practical explanation of the Borda Count Method. After reading, you’ll understand the basics of this powerful decision-making tool. What Is the Borda Count Method? The Borda Count Method is a simple…
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