All entries for Sunday 01 May 2011

May 01, 2011

'Knowledge is the life–blood of effective decision–making'

Trying to summarise my reflections about the learning points of RDM, and after have read some literature about the decision making process beyond the tools and techniques available to support it, I have reached the conclusion that indeed, knowledge is the keystone of any decision making process, never mind if the problem or situation we are addressing is simple or very complex.

We have seen how powerful and useful DM’s techniques such decision trees, AHP, SMART and so forth are and how they have been designed to include all the different aspects that any decision problem could have, you can adapt the tool according the situation and its particular characteristics. However from my point of view, those techniques are useless if we as decision makers we don’t feed them with the meaningful and reliable information, if the people involved in the process doesn’t have the enough knowledge to address the situation to logical interpret analyze the problem, identify the risks, uncertainties and determining their complexity to appropriate choose the tool and finally when the decision is made, commit to action to implement it.

So knoweldge is everywhere, and as our KBAM web page said, ...is the life-blood of effective decision-making’


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  • I totally agree your words "knowledge is the keystone of any decision making process". In the decisi… by on this entry
  • i agree with you paula…how to manage knowledge is the foundation of carrying out any other acadami… by on this entry
  • Hii Paula, I get your point. I had the same experience as well, in some extent good decision–making … by on this entry
  • hello guys! thanks for your comments, @Jim, You right, that could be a good source to identify where… by on this entry
  • It was Kodak who did this oursourcing move (MNO anyway ;) Reuvid, J., Hinks, J., & Institute of Dire… by on this entry

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