Attaining Sustainable Organizational Growth and Profitability
Management Decisions and Categories
In the course of their daily responsibilities, executives face a range of decisions, which can be categorized into four (4) dimensions based on factors such as: the level of control of outcomes, and performance. These factors define a framework useful in categorizing managerial decisions such as:
The quality of decisions and decision-making can be improved substantially, if before making any decision, the decision-maker is aware of the type of decision needed pursuant to the issue and problem at stake. For routine judgments and choices, where we cannot influence outcomes and need not consider the competition, decision-makers can benefit from knowledge of well-known lessons about avoiding common biases to make good sense and result in good decisions.
I am a computer scientist by education and training. My interests are in modeling complex business and social systems to foster better strategic and operations management processes in delivering value to customers while meeting the expectations of stakeholders.