Scientifc And Intuitive Decsion Making

Question 1

What is scientific decision making?

Answer 1

Where you use data to aid decision making

Question 2

What is intuitive decision making?

Answer 2

Using a ‘hunch’ to make decisions

Question 3

Drawbacks of scientific decision making?

Answer 3

-can be expensive
-time consuming
-slower vs intuitive
-data may be inaccurate (bias or historical)

Question 4

Advantages of scientific decision making?

Answer 4

-less uncertainty/less potential risk
-avoid wasting recourses
-review check enables wider considerations

Question 5

Advantages of intuitive decision making?

Answer 5

-Time effective
-cost effective

Question 6

Negative of intuitive decision making?

Answer 6

-depends on experience of manager
-increased risk
-can lead to wasted resources
-increased uncertainty

Question 7

What is the process of scientific decision making?

Answer 7

1) set objectives
2) gather data
3) analyse data
4) select
5) implement
6) review