Decision making: What is it and why is it important?
Posted: Mon Jan 20, 2025 9:27 am
Decision making in organizations is about making important choices to bring more results and improve the performance of the company. These actions can have consequences for the future, both for the business and for employees and customers.
Within companies, decision-making involves great responsibility and is essential for business management. Structured and planned decisions are essential for the growth and success of an organization.
On the other hand, if this process fails, it can lead to serious consequences and losses. If you want to know how to reach strategic decision making , keep reading this article and learn more!
Decision making: what is it?
Decision making in organizations involves making an important choice, usually divided between more than two possibilities, that will have consequences in the future, both for the business and for employees and customers.
The decision-making process is continuous and combines knowledge, skills and experience. It must be constantly worked on and its risks analysed so that problems are resolved in the best possible way.
Types of decision making
In a leadership position, decisions cannot arise at random, since it is from them that the proper functioning of all the company's processes and operations is guaranteed. But did you know that there are several types of decision-making ? Read on.
Values-based decision
This business decision-making is based on the manager's cayman islands whatsapp data personal values, considering his moral guide of right and wrong and the concepts that have accompanied him for a long time, as well as his influences and references.
It is directly linked to the influences that each person has throughout life, and positive values seek to have a broader vision of all situations, while negative values are related to partiality and individuality.
Decision based on conscious and subconscious beliefs
This decision is closely linked to the manager's experience and can be manifested by insights generated from past situations. Reflection gives way to analysis, considering how a current choice will manifest itself in the future.
Subconscious beliefs do not allow for a 100% rational decision in some way. Decision based on intuition is a type of wisdom that cannot be explained scientifically, but comes from an internal and personal perception.
Data-driven decision
In business routines, a lot is involved in a decision. Therefore, risks should be minimized as much as possible, and relying on data may be the best way to do so.
This type of decision provides more security to the manager based on specific and reliable data and, in this sense, it is ideal to maintain a routine for organizing and storing documents so that they are available for consultation at any time.
How to improve decision making?
Now that you know some decision -making styles , you may be wondering how to hone them. Below, we've selected a few tips that may help.
Within companies, decision-making involves great responsibility and is essential for business management. Structured and planned decisions are essential for the growth and success of an organization.
On the other hand, if this process fails, it can lead to serious consequences and losses. If you want to know how to reach strategic decision making , keep reading this article and learn more!
Decision making: what is it?
Decision making in organizations involves making an important choice, usually divided between more than two possibilities, that will have consequences in the future, both for the business and for employees and customers.
The decision-making process is continuous and combines knowledge, skills and experience. It must be constantly worked on and its risks analysed so that problems are resolved in the best possible way.
Types of decision making
In a leadership position, decisions cannot arise at random, since it is from them that the proper functioning of all the company's processes and operations is guaranteed. But did you know that there are several types of decision-making ? Read on.
Values-based decision
This business decision-making is based on the manager's cayman islands whatsapp data personal values, considering his moral guide of right and wrong and the concepts that have accompanied him for a long time, as well as his influences and references.
It is directly linked to the influences that each person has throughout life, and positive values seek to have a broader vision of all situations, while negative values are related to partiality and individuality.
Decision based on conscious and subconscious beliefs
This decision is closely linked to the manager's experience and can be manifested by insights generated from past situations. Reflection gives way to analysis, considering how a current choice will manifest itself in the future.
Subconscious beliefs do not allow for a 100% rational decision in some way. Decision based on intuition is a type of wisdom that cannot be explained scientifically, but comes from an internal and personal perception.
Data-driven decision
In business routines, a lot is involved in a decision. Therefore, risks should be minimized as much as possible, and relying on data may be the best way to do so.
This type of decision provides more security to the manager based on specific and reliable data and, in this sense, it is ideal to maintain a routine for organizing and storing documents so that they are available for consultation at any time.
How to improve decision making?
Now that you know some decision -making styles , you may be wondering how to hone them. Below, we've selected a few tips that may help.