The Pros and Cons of Business Intuition In Strategic Decision Making
نویسندگان
چکیده
Program Master of Science in Business Administration Research questions what are the pros and cons of using intuition in the businesses from the strategic decision making approach, in a changing and complex business environment? Purposes To inform business people, especially managers and executives who are facing strategic decision making the benefits and risks of relying on intuition, therefore, they can have a clear mind about to what extend they can trust their intuitive decisions. Findings The pros and cons of using business intuition in strategic decision making is a subjective topic which depends on the different understanding of each individual. In this research, our two authors have tried to be as objective as possible to analyze pros and cons from ten aspects and make a complete summary concerning this issue to orient business people.
منابع مشابه
A Supply - Scarcity and Strategic Decision-Making Angle: High Performance Work Practices in Small Firms
High performance work practices (HPWPs) are human resource management practices aimed at stimulating employee and organisational performance. The application of HPWPs is not widespread in small organisations. We examine whether the implementation of coherent bundles of HPWPs (aimed at employee ability, employee motivation or at the opportunity to perform) depends on the scarcity of resources, a...
متن کاملThe role of intuition in managerial decision-making: Islamic approach
Current theories argue that decision making is largely based on quick and intuitive processes.The results of study on topping organizations show that successful decision-makings are intuitive rather than rational. Therefore in recent years the issue of intuition and intuitive decision making as an effective management has attracted increasing attention in scientific circles and world-class rese...
متن کاملStrategic Alliance Decision-Making for the Auto Industry Base on an Integrate DEA and GM(1,1) Approach
Strategic alliance promotes enterprise resources sharing and enhances the competitiveness of the marketplace. Therefore, finding a mutually beneficial partner to make a strategic alliance is an important issue for various industries. The aim of this paper is to propose a suitable method based on Grey theory and Data Envelopment Analysis (DEA). A method predicts future business and measure opera...
متن کاملLearning to Love Bayesian Statistics
Bayesian methods are well-suited for business applications because they provide concrete guidance for making decisions under uncertainty. But myths about the Bayesian approach continue to slow its adoption. In this talk I unpack these myths and explain the pros and cons of Bayesian methods compared to classical statistics.
متن کاملIdentifying and Analyzing the Dimensions and Components of Strategic Decision-Making for the Managers of Education Regions of Tehran City
Purpose: Strategic decision-making plays an important role in organizational functions and its effectiveness. As a result, the aim of this study was to identifying and analyzing the dimensions and components of strategic decision-making for the managers of education regions. Methodology: This study in terms of purpose was applied and in terms of implementation method was mixed (qualitative an...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
عنوان ژورنال:
دوره شماره
صفحات -
تاریخ انتشار 2006