× Close
Home » Decision Making (Page 2)

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.

OODA Loop by John Boyd explained

August 15th, 2023

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…

Multiple Criteria Decision Analysis (MCDA)

August 9th, 2023

Multiple Criteria Decision Analysis (MCDA): this article provides a practical explanation of the concept of Multiple Criteria Decision Analysis (MCDA). This article contains a detailed explanation of MDCDA, the steps involved and a practical example. After reading it, you…

Analytic Hierarchy Process (AHP)

June 12th, 2023

Analytic Hierarchy Process (AHP): this article describes the Analytic Hierarchy Process (AHP) by Thomas L. Saaty in a practical way. It cover what the AHP is, why and when it is useful, how to apply it and what it looks…

Risk Analysis explained plus example

June 5th, 2023

Risk Analysis: this article provides a practical explanation of the concept of Risk Analysis. The article begins with the definition of Risk Analysis, followed by a description of the difference between quantitative risk analysis and qualitative risk analysis. You…

Monte Carlo Simulation explained

May 31st, 2023

Monte Carlo Simulation: this article explains the Monte Carlo Simulation in a practical way. It covers what the Monte Carlo Simulation is, what its stages are and what its role in risk analysis is. It also provides an example. After…

Critical Thinking explained

May 11th, 2023

Critical Thinking: this article describes the Critical Thinking in a practical way. Next to what it is (definition and meaning), this article also highlights it’s origin related to an Assessment, that it is a scientific method, How does it work?…

Recognition Primed Decision Making (RPD) explained

February 16th, 2023

Recognition Primed Decision Making (RPD): this article explains Recognition Primed Decision Making, developed by Gary Klein in a practical way. Next to what it is, this article also highlights an example, definition and objectives, variations, a adapted roadmap RPD process…

Borda Count Method: Example with Solution

November 8th, 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. This article contains a general explanation of the Borda Count Method, What Is…
© Copyright 2013-2023 | Privacy and Cookies | Toolshero.nl (Dutch) | Toolshero.es (Spanish)