April 25, 2011

About decision making

I like RDM module and like system thinking approach.

I was thinking how I can make a decision if I met with some trap problems. In the real world, technological tools perhaps do not help us to make a decision in urgent situations. Because we have no time to find tools in our mind at that limited time. That is a big challenge for ones to make a decision in complex, stressful and urgent business organizations.

I read some blogs just now. I remembered several views about decision making, such as a gain perspective (from journal), an avoiding loss perspective (from journal), a technological view, critical view, personality view, etc. I am not to say these are right or wrong. All of them are right, because it depends on individuals' colorful glasses.

In business organizations, if a decision was based on a gain perspective, the result perhaps let decision makers down; if a decision was built upon avoiding loss, it is hard for decision makers to make a decision. It is because any decision has a risk, it is not necessary for ones to make a decision if without any risks. So what we do is to try to minimize loss and expect a gain result.

A technological view and critical view require a rational thinking process. But after these processes, how about situations are going on? ...Thus, we have to admit that the characteristics and personalities impact on decision making in the real world.

For me, I do not think all biases are bad. The system thinking approach is a holistic and flexible thinking process. It told us how to balance mind-set and heart-set, and then make a value-based decision. Everyone has different mind-set and heuristic method, I am happy to share my view.

- No comments Not publicly viewable

Add a comment

You are not allowed to comment on this entry as it has restricted commenting permissions.

April 2011

Mo Tu We Th Fr Sa Su
Mar |  Today  | May
            1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30   

Search this blog



Most recent comments

  • Hi, Yuting, thank you for wonderful comments here. Knowledge as a kind of organization's assets can … by on this entry
  • I believe that knowledge management can help to organize both intangible and tangible asset, and I t… by on this entry
  • Yes, I am also feel afraid….. Almost everywhere is filled with the bad news about the earthquakes … by on this entry
  • Sue you are so right….... There is no point…............ No point in this life no point in this … by on this entry
  • Hi, Sue. Thank you for wonderful comments. Everyone wears different glasses to see the world; whethe… by on this entry

Blog archive

Not signed in
Sign in

Powered by BlogBuilder