publication . Article . 2004

Decision-making: Theory and Practice

SM Turpin; MA Marais;
Open Access
  • Published: 01 Dec 2004 Journal: ORiON, volume 20 (eissn: 2224-0004, Copyright policy)
  • Publisher: Stellenbosch University
Abstract
This paper compares a number of theoretical models of decision-making with the way in which senior managers make decisions in practice. Six prominent decision-makers were interviewed about their own decision-making style, as well as their use of decision support technology. Significant variation was found in personal decision-making styles. However, some central themes emerged, such as the importance of sensitivity to the decision-making context, attention to the presentation of information, and the use of intuition. In terms of the use of decision support technology, the use of self-help tools, such as office software, was clearly favoured.
Subjects
free text keywords: Business decision mapping, Decision engineering, Knowledge management, business.industry, business, Decision analysis, Decision support system, Decision field theory, Decision fatigue, Mathematics, R-CAST, Decision rule, General Works, A
Related Organizations
Download fromView all 2 versions
ORiON
Article . 2004
Provider: Crossref
ORiON
Article
Provider: UnpayWall
ORiON
Article . 2004
Powered by OpenAIRE Open Research Graph
Any information missing or wrong?Report an Issue
publication . Article . 2004

Decision-making: Theory and Practice

SM Turpin; MA Marais;