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decision-making - Coggle Diagram
decision-making
decision-making styles
conditions
certainty
outcome is known
accurate decisions
alternatives known
risk
likelihood of certain outcomes
uncertainty
no certainty
no possible estimates
styles
linear
external data
facts
rational
logical
non-linear
internal data
internal insights and feelings
errors
group decision making
advantages
more information and knowledge
diverse alternatives
increased acceptance of a solution
increased legitimacy
disadvantages
time consuming
minority dominated
pressure to conform
ambiguos responsibility
steve jobs
run by ideas rather than hierarchy
let others make decisions
POLC relation
sources, quality and reliability of information
critical thinking, analysis and reflection
arrive at decisions
methods
rationality
assumed to be rational
consistent choices
value-maximising
assumes
clear problem
single well-defined goal
consequences known
preferences
clear
constant stable
no time constraint
maximise payoff
bounded rationality
simplified model
limitations and contstraints
"good enough"
intuition
