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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.

Vroom Yetton Jago Decision Model

December 21st, 2018

This article provides a practical explanation of the Vroom Yetton Jago Decision Model. After reading this article, you’ll understand the basics of this powerful decision making What is a Vroom Yetton Jago Decision Model? The Vroom Yetton Jago Decision…

Impact Analysis (IA)

December 5th, 2018

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 Shawn A.

Multiple Criteria Decision Analysis (MCDA)

August 26th, 2018

This article provides a practical explanation of the concept of Multiple Criteria Decision Analysis (MCDA). After reading it, you will understand the necessity and the benefits of Risk Analysis. What is a Multiple Criteria Decision Analysis (MCDA)? A Multiple-Criteria…

Risk Analysis

August 12th, 2018

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 countless threats…

Decision Matrix Analysis

June 26th, 2018

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. What is a…

Linear Programming

June 18th, 2018

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. The theory…

Monte Carlo Simulation

June 13th, 2018

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 computer-operated technique in…

Blindspot Analysis

June 5th, 2018

This article explains the Blindspot Analysis in a practical way. After reading it, you will understand the basics of this powerful Decision Making tool. What is a Blindspot Analysis? The Blindspot Analysis uncovers dangerous, incomplete, incorrect and outdated assumptions that…

Cynefin Framework by Dave Snowden

May 11th, 2018

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 Framework? The…

Paired Comparison Method

March 14th, 2018

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 tool for decision…

Ladder of Inference

January 30th, 2018

Ladder of Inference: this article explains the Ladder of Inference by Chris Argyris and Peter Senge in a practical way. After reading it, you will understand the basics of this powerful Decision Making tool. This article covers: What is the

What-If Analysis

January 18th, 2018

This article explains the What-If Analysis or Scenario Analysis in a practical way. After reading it, you will understand the basics of this powerful Decision Making tool. What is a What-If Analysis? All throughout the day, people make decisions; at…
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