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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.

Delphi Technique explained

August 31st, 2023

Delphi Technique: this article describes the theory and concept of the Delphi Technique, developed by RAND Corporation in a practical way. Next to what this research technique is, this article also highlights the approach, the definition and elemenst, how…

Decision Tree Analysis

August 22nd, 2023

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 article…

Impact Analysis (IA)

August 22nd, 2023

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…

BATNA Negotiation

August 22nd, 2023

BATNA Negotiation: this article explains the BATNA Negotiation in a practical way. Next to what it is (including BATNA acronym), this article highlights the Negotiation topics, the importance of a DMU, possible Resistance and Target Points, Alternatives and determining BATNA.…

What If Analysis explained

August 15th, 2023

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…

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…
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