Articles on Decision Making

Decision Making – Meaning and Important Concepts

Every organization needs to make decisions at one point or other as part of managerial process. Decisions are made in...

What is Decision Making?

Decision-making is an integral part of modern management. Essentially, Rational or sound decision making is taken as primary function of...

Decision Making in an Organizational Context

Decision making is part of everyone’s life and all of us have to make decisions every moment. Right from choosing...

Individual Decision Making – Pros and Cons

Individuals have a tendency to think and question before performing. This is fruitful in analysis and forecasting of individual’s behaviour....

The Process of Corporate Decision Making

Corporate decision making happens at various levels in organizations and can be top down or bottom up. The difference between...

The Observe Orient Decide Act (OODA) Loop and Decision Making

An important concept in the field of decision making is the OODA Loop or the Observe-Orient-Decide-Act loop. This refers to...

Observe Orient Decide Act (OODA) Loop Explained in Detail

We had discussed how the OODA Loop or the Observe, Orient, Decision, Action loop works in helping to make better...

Decision Making: How much does Hierarchy Matter?

In the contemporary business world, many companies have layers and layers of hierarchy where decisions are made at the top...

Top Down Decision Making versus Bottom Up Decision Making

The previous articles touched upon the role of hierarchy in decision making. In this article, we consider whether top down...

Decision Making in Self Directed Teams

In many organizations, it is often the practice to give autonomy to many teams and let them take the decisions...

Conflict Resolution and Decision Making

Any decisions taken at any level have to take into account the conflicting needs of the individuals who are affected...

Decision Makers and the Zero Sum Game

Decision making need not necessarily be a zero sum game where one party benefits at the expense of the other....

Steps in Decision Making Process

Decision making process is like a school exam. Those who take good decisions will pass the exam and the rest...

Curious Observation – First Step in Decision Making Process

Curious observation is the first step in the decision making process. These two words, the curiosity and observation are very...

Decision Making in an Uncertain World

Managers in contemporary organizations are confronted with uncertainty and ambiguity in their everyday lives. Not only do they have to...

The Need for Certainty and Control over the Future in Decision Making

Decision Making in the Past and Decision Making in the 21st Century Decision-making is a process that involves responding to...

Decision Making Dilemma Managers Face: How to Grow Companies in a Time of Crisis?

In the previous articles, we discussed how decision making in these times is fraught with risk, uncertainty, and ambiguity. In...

Designing Failsafe Systems

Business Decision Making in the 21st Century We live in a world of increasing complexity and compression of time which...

Volatility, Uncertainty, Complexity and Ambiguity (VUCA) Paradigm for Leadership

The Volatility, Uncertainty, Complexity and Ambiguity (VUCA) Paradigm Business leaders in the 21st century operate in a vastly different terrain...

Decision Making in a Confusing World

Trust, But Verify! Decision Making in an Information Overload Scenario From the time we wake up to the time we...

Importance of Culture in Business Decisions and Its Implications for All

Increasing Importance of Culture in Corporate Decision Making The Indian Information Technology (IT) bellwether and the market leader in software...

Importance of Employment Statistics and Numbers and How to Interpret Them

The Importance of Employment Statistics Management students and professionals alike should know the importance of employment statistics and numbers and...

How Geopolitics Impacts Business Decision Makers and Why it is Important?

How Geopolitics Impacts Businesses Geopolitics deals with the relations between nations and the forces that determine the friendly or hostile...

Black Swans and White Knights: Risks of Operating in a VUCA and Global Environment

Global Businesses operate in an international environment that is volatile, unpredictable, uncertain, and accelerated. The term VUCA or Volatility, Uncertainty,...

How Cutting Edge Technologies can Enable Better and More Efficient Decision Making

How Successive Waves of Technological Change Led to Better Career Related Decisions With each iteration of technological change, decision making,...

The Need to Actualize Purely Local Responses to Events by Corporates and Individuals

From Global to Glocal to Local: How the Wheel has turned Full Circle There was a time during the initial...

The Perils of Excessive Reliance on Technology for Decision makers and HR Professionals

The All Pervasive Technology and the Inevitability of Technology Driven Decision Making Technology is all around us. Wherever we look...

Why the Digital Age Demands Decision Makers to be Like Elite Marines and Zen Monks

How Modern Decision Makers Have to Confront Present Shock and Information Overload We live in times when Information Overload is...

The Promise and Perils of Technology Driven Decision Making for Business Leaders

The Advantages and Disadvantages of Decision Making in the Digital Age The Digital Age is well and truly upon us....

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Articles on Decision Making