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Theories And Strategies of Good Decision Making

Journal: International Journal of Scientific & Technology Research (Vol.1, No. 10)

Publication Date:

Authors : ; ;

Page : 51-54

Keywords : Key words IT Management; business failure; bad decision; good decision; decision strategies; decision theories.;

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Abstract - Decision making is one of the major attribute of a good leader. It is a core skill employers look for in job description. Decision making is basically the major role of managers and leaders. Despite of the fact it is done all the time and at almost all levels of a project we have not stopped hearing the business news with news of how business flops with much loss as a result of bad decision that you tend to imagine what were they thinking while making the decision Or What kind of person could have made such decision The reality seems to be that most organizations arent run by good decision makers let alone great ones. People tend to remember the stories of bad decision making than a great one. This is so due to human tendency to notice exception rather than expected and the result of a bad decision could be so painful that it memory keeps lingering in the mind. It is necessary in decision making to follow the necessary procedure and make the right choice using the right tool that fits for the particular situation to avoid the consequences of a bad decision.

Last modified: 2013-04-13 21:50:05