Intuitive Decision Making in Management

Organizations have never faced a more turbulent, complex or changing environment than they do today, whether in social, political, economic, technological or ecological terms. Customers are more demanding; product life cycles are shorter; technologies remain constantly changing. Managers have to, th...

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Bibliographic Details
Published in:Indian journal of industrial relations 2010-07, Vol.46 (1), p.150-156
Main Authors: Khandelwal, Preetam, Taneja, Anshul
Format: Article
Language:English
Subjects:
Analysis
Bureaucracy
Business executives
Business structures
Communications
Conflict management
Consumers
Decision Making
Decisions
Employee relations
Environmental Factors
Environmental technology
Industrial management
Intuition
Management
Management decisions
Manager behavior
Political Economy
Product life cycle
Tuition
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Summary:Organizations have never faced a more turbulent, complex or changing environment than they do today, whether in social, political, economic, technological or ecological terms. Customers are more demanding; product life cycles are shorter; technologies remain constantly changing. Managers have to, thus, continuously scan the competitive environment. Corporate working today invariably necessitates intuitive working as it requires decisions that are in tune with the evolving environment. Intuition is an excellent tool for cutting through needless complexity and place issues in perspective. This article discusses intuitive decision making as the means to arrive at such decisions and summarizes how intuitive thinking can be integrated formally into an organization's management processes.
ISSN:0019-5286