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unit3
influences on business when making decisions
Evidence based decision making
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Cards (3)
What is evidence based decision making?
Making
decisions
based on facts ,
data
and
empirical
evidence
Advantages of evidence based decision making ?
Leads
to more
consistent
and
reliable
outcomes
Enhances
accountability
as decisions can be
backed
up with tangible
evidence
Disadvantages of evidence based decision making?
Can be
time
consuming and
expensive
to gather and
analyse
evidence
Over
reliance
on
data
might overlook
creative
solutions or
innovative
ideas
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