Subjective decision making

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Leaderboard

Created by

chet singh

Cards (3)

What is subjective decision making?
Decisions rely on intuition , personal experience and judgement rather than data - flexible and creative approach
Advantages of subjective decision making?
Allows for flexibility and adaptability in rapidly changing environments
Encourages creativity and innovation - decisions are not confined to existing data
Disadvantages of subjective decision making?
Higher risk of bias , errors and inconsistency
Can lead to less predictable outcomes and harder to justify to stakeholders

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Subjective decision making

Cards (3)

3.3 Decision-Making Techniques

7.3 Use of Financial Information in Business Decision-Making

2.2 Making Marketing Decisions

1.4 Decision Making

2.3 Making Operational Decisions

2.4 Making Financial Decisions

3.4 Influences on Business Decisions

3.3.3 Decision Trees

2.4 Making and Justifying Decisions

2. Decision Making Exercise

3.4 Decision Making Techniques

2.3.1 Business operations

2.4.1 Business calculations

2.5 Making Human Resource Decisions

Using financial data to inform decision making

4.4.2 Making informed decisions

2.2 Making Marketing Decisions

2.4 Making Financial Decisions

2.2.2 Price

2.4.2 Understanding business performance

2.3 Making Operational Decisions