What is Decision Making?

Decision-making involves choosing between possible solutions to a problem. Decisions can be made through either an intuitive or reasoned process, or a combination of the two.

Intuition

Intuition is actually a combination of past experience and your personal values. It is worth taking your intuition into account, because it reflects your learning about life. It is not always based on reality, only our perceptions.

Reasoning

Reasoning is using the facts and figures in front of us to make decisions.  It can, ignore emotional aspects to the decision.  Intuition is a perfectly acceptable means of making a decision, although it is generally more appropriate when the decision is of a simple nature or needs to be made quickly.

Applying Both Reason and Intuition

More complicated decisions tend to require a more formal, structured approach, usually involving both intuition and reasoning. It is important to be wary of impulsive reactions to a situation

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Five Different Types of Decision Making Skills:

1. Intuitive

Intuitive is one of the simplest, and arguably one of the most common ways to make a decision. It should be noted that it is not always the best way. Intuitive decision making involves relying on the decision that feels right, without necessarily thinking about the logic that goes into that choice.

2. Rational

Rational decision making is the act of using logic to determine what is best, by reviewing all possible options and then evaluating each option using logic and rationality.

3. Satisficing

Satisficing is accepting the one that is satisfactory for the needs. It means you may miss out on better options.

4. Collaborative

Collaborative is an another method rather than make a decision ourself, we collaborate in some way to make the decision. An example might include meeting with others to get their input, voting on the final decision

5. Combination

using a combination of all these different types of decision making styles.

 

What Can Prevent Effective Decision-Making?

There are a number of problems that can prevent effective decision-making. These include:

1. Not Enough Information

2. Too Much Information

3. Too Many People

4. Vested Interests

5. Emotional Attachments

6. No Emotional Attachment

A structured decision-making process. This will help to:

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