Decision Making Models

Do you make your decisions with your 'head' or your 'heart'?

What decision making models exist?

In every organisations decisions are being made all the time. Are the decision being made the best ones?

Here are some examples of decisions

  • Who should I hire?
  • What should be the next improvement project?
  • What products should promote more and which ones should we drop?
  • What is the most effective marketing campaign for this promotion?

Decision usually boil down to

  • How to organise work?
  • How to spend resource (time) and money?

Decision usually involve the selection from a list of alternatives. Here are three basic types of model

  1. Intuitive Decision Making

  2. Rational Decision Making

  3. A Better Decision Making Model - a combination of 1) and 2)

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