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3 Decision Making Models of Human Decision Making Process

Flevy

How do people make decisions? Studies have suggested that the traditional Decision Making model—commonly known as the Rational Decision Making Model—does not explain the whole ambit of Decision Making. People, including managers of organizations, arrive at decisions using a variety of routes.

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Decoding Strategic Decision-Making

AchieveIt

In recent years, data has transformed how businesses, government entities, and third-sector organizations operate. Organizations suddenly have access to huge amounts of data and insights. One of the most notable changes we’ve observed is how data has enabled us to tackle decision-making in a more evidence-based manner.

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Intuition vs. data-driven decision making in business today

Insightly

This famous quote accurately described the plague of marketers for decades. Then, marketing changed. A new day arrived with the advent of digital marketing, marketing automation tools and email marketing. Suddenly marketers were swimming with data and measurable ways to prove their effectiveness.

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“LIQUIDITY,” ORGANIZATIONAL RESILIENCE AND YOU

Strategic Account Management Association

By Arun Sharma, Professor, Marketing, Miami Herbert Business School, University of Miami. Resilience is an organization’s ability to withstand a major disruption, recover quickly and adapt to the changing environment. Classifying organizations. marketing) and the market in which they operate (e.g.,

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Make smarter decisions using business intelligence

Insightly

The days of using intuition over data to make business decisions are mostly gone. Unfortunately, many businesses still don’t have a formal metrics and reporting structure established within their organizations. Marketing might be reporting on email open rates, but what does that mean for the rest of the business?

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Make smarter decisions using business intelligence

Insightly

The days of using intuition over data to make business decisions are mostly gone. Unfortunately, many businesses still don’t have a formal metrics and reporting structure established within their organizations. Marketing might be reporting on email open rates, but what does that mean for the rest of the business?

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Decision Making in the Era of Growing Constraints (Part 2)

Planview

This is part two in a series of blogs on decision making in the era of financial constraints. A pressing topic facing all executives right now is how to approach decision making in this era of growing financial constraints. Understand the common types of decision-making biases and how to spot them.