Decision making technique for Management Decision Making

The decision maker today is faced with this condition: the world has become much more complex and this process continues at an ever-increasing rate.
The knowledge of many of the individual features of decision making has increased tremendously in recent years. Some are now organized sciences. Others are just little “sciences” or bodies of knowledge. This will necessitate more specialization by decision makers. It will require decision making to be taught across the curricula from kindergarten through college and university. At the higher levels, it will require courses every year or term.

Group Decision Making

On complex decisions, the decision maker of today often uses decision groups or teams in an effort to get a variety of opinions and expertise. Or consultants are employed to aid the process. At other times, the decision makers must do their own research. The problem is that we can’t be experts in everything, especially in these complex times.

It is not easy to abstract decision making guidance from existing books and the internet, although they can be of help. It is to fill this guidance need that I spent another year on meta-analysis of decision making literature in preparing this booklet.

To improve your decision making, you should follow this booklet each time you work on a complex decision problem. The experience you gain will also aid you in developing your intuitive decision base.

Examples of Individual Sciences of Decision Making

In using this booklet you will soon recognize that there are many specific individual “sciences” or bodies of knowledge about features of decision making. To illustrate, I list below just a few of these subjects.

And the list goes on and on. Some of these I cover later.