Decision Making Advantages
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There are many advantages to making good strong decisions. Much research has been done on the subject, and the appreciation of the importance of decision making can be found throughout all walks of life and situations around the globe. From a business or military perspective, to a cultural, religious or personal level, it is understood that decisions bring about change and enable circumstances to move forward. |
Decision making falls into two main categories, objective, logical or quantitative decision making and subjective or qualitative decision making. Depending on the type of decision and subject matter involved, all processes take one or both of these approaches. Objective decision making relies upon data and fact to assist the making of a decision, whereas subjective or qualitative decision making leans more towards supposition. Both categories can help assist successful decision making. Some decisions only require the information of certain facts, whereas others require an emotional depth of understanding and consideration. The good decision maker will be able to apply both approaches. In business, decision making takes a variety of forms. These different types of decision making can assist to achieve the best possible results in a wide range of areas. Strategic decision making involves decisions that influence the direction of a company or organization. These decisions are often made by the CEOs or executive boards and are hugely important in the growth and success of the organization involved. Tactical decision making is employed by managers within a company to produce the best possible practices and running of that company whilst operational decision making is used by all employees of a company to produce the best results and practices from the tasks they perform. Each of these levels of decision making improve the company’s overall performance. Decisions can also be reached in a number of ways. Some decisions only require the knowledge or consideration of one person, whereas others need the representation of a group. As the Greek Philosopher Heraclitus said, "change is the only constant", something that has been echoed by many others since, and change can only be brought about by successful decision making reaching successful decisions.
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