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Making decisions on the basis of experience, feelings and accumulated judgement is called as __________.
  • a)
    Decision making
  • b)
    Structured problems
  • c)
    Intuitive decision making
  • d)
    None of the above
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Making decisions on the basis of experience, feelings and accumulated ...
Intuitive Decision Making

Intuitive decision making is a process of making decisions based on experience, feelings, and accumulated judgment. This type of decision-making is often used when a person has a high level of expertise in a particular area, and they can use their intuition to make decisions quickly and effectively.

Intuitive decision making involves taking a holistic approach to decision-making, taking into account all the available information, both tangible and intangible, and using this information to make a decision that feels right. This type of decision-making is often used in situations where there is a high level of uncertainty or ambiguity, and where there is no obvious solution.

Advantages of Intuitive Decision Making:

1. Quick and Efficient: Intuitive decision making is often quick and efficient, as it allows individuals to make decisions based on their past experiences and accumulated knowledge.

2. Effective in Ambiguous Situations: Intuitive decision making is particularly effective in situations where there is a high level of ambiguity or uncertainty.

3. Can Result in Innovative Solutions: Intuitive decision making can also result in innovative solutions, as it allows individuals to think outside the box and consider new and creative solutions to problems.

Disadvantages of Intuitive Decision Making:

1. Limited by Personal Bias: Intuitive decision making is limited by personal bias, as individuals may be influenced by their own beliefs, values, and experiences.

2. Lack of Objectivity: Intuitive decision making may also lack objectivity, as it is based on personal interpretation and judgment.

3. Not Suitable for Complex Decisions: Intuitive decision making may not be suitable for complex decisions, where a more structured approach may be necessary.

Conclusion:

Intuitive decision making is a valuable tool for making quick and efficient decisions in uncertain or ambiguous situations. However, it is important to be aware of its limitations and to use a structured approach when necessary.
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Making decisions on the basis of experience, feelings and accumulated ...
It defined as a non- sequential information processing mode.
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Mr. Gul Muhammed set up a factory for manufacturing parts of washing machines in his village after completing his education of MBA. This gave employment to about 50 people of his village. The scale of Gul Muhammad’s business was small. He had kept all the decision taking rights  with himself so far as the different business activities are concerned. Mr.Akbar Shah, the Sarpanch of the village, had helped him a lot in setting up the factory. He often happened to meet Mr.Shah. Many a time he saw Mr.Shah working as the Sarpach. During this course the special thing that e observed was that all the rights of spending the grant given by the government fr the welfare of the village were with the Panchayath only. Mr.Gul compared this situation with his own business and concluded, “The government has given all the decision taking rights to its subordinate ie village panchayath, whereas all the decision taking rights he has kept with himself instead of giving them to his subordinates.”Mr Gul thought deeply over this situation and arrived at this conclusion, “Because the Government is a very bg organization, it is imperative that the decision taking rights be given up to the lower level. On the other hand, the scale of his business is very small, hence he can easily take all the decisions himself. And as the scale of his business grows, he too will hand over the rights f decisions to his subordinates.”Identify and explain the principles of management described in the paragraph given above.Identify any one value in the paragraphs given above which through business has influenced the society. Related: Chapter Notes - Principles Of Management?

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Making decisions on the basis of experience, feelings and accumulated judgement is called as __________.a)Decision makingb)Structured problemsc)Intuitive decision makingd)None of the aboveCorrect answer is option 'C'. Can you explain this answer?
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