Decision making thought processes

The type of thinking that is used to make a decision.

What are the two types of thinking processes?

• Scientific

• Intuitive

What is the scientific thinking style?

Decisions are made from quantifiable data and proof rather than subjective opinions, emotions, or intuition.

What are the main benefits of the scientific thinking style?

• Decision is easier to communicate to staff.

• The decision is simpler / easier to justify.

• May reduce risk.

What is the intuitive thinking decision making style?

Decisions are made based on personal beliefs, perceptions and instincts or gut feelings.

What are the advantages of the intuitive decision making style?

• Quick

• Inexpensive

What are the two main factors that aid in helping managers decide which decision making technique should be used?

• Managerial experience(Highly experienced managers can take more risky decisions).

• Scale of the decision (Small decisions don’t require a ton of analysis to make).