Role of intuition in strategic decision making and the way it affects the formulation of decisions for the management executives is a field that needs to be further examined in the last decade there has been an increasing interest in the study of the role of. Several researchers ( agor, 1984agor, & 1989barnard, 1938dane & pratt, 2007dean & mihalasky, 1974hodgkinson et al, 2009hogarth, 2001klein, 2004simon, 1987sinclair & ashkanasy, 2005 sinclair et al, 2009) discuss the role intuition plays in making a decision. Hanlon, p: the role of intuition in strategic decision making: how managers' rationalize intuition making a world of difference: nation building and the role of management education: 14th annual conference of the irish academy of management, national college of ireland, dublin, 31 august - 2 september, 2011.
Although intuitive processes are critical for effective strategic decision making, there is little in the way of applied research on the topic apart from many popularized treatments of intuition in the literature today, there are only a handful of serious scholarly works on the subject. Is the intuition for or against during decision makinng descartes, gilles deleuze or punset are some of the thinkers who have sought to answer click enter themes discover economy humanities the role of intuition in decision making humanities | leading figures | philosophy. Problems with intuition and decision making intuition plays a significant role in the choices we make unfortunately, working alone, intuition can be the source of significant errors in the course of making a decision here are some of the problems with intuition that can be avoided with a structured decision making process.
Exer cise rational analysis is a useful and indispensable tool in strategy making which even mintzberg (1994), a strong critic of strategic rationality, concedes our stand is that a theory of strategic decision making has to take into account both rational and intuitive processes (pondy, 1983 simon, 1987. The efficacy of intuitive decision-making in the management environment is largely dependent on the decision context and decision maker’s expertise finance [ edit ] a study of traders from the four largest investment banks in london looked at the role that emotion and expert intuition play in financial trading decisions. This paper looks at the role of intuition in strategic decision making while there is a considerable body of work on intuition generally empirical research on it and its use by managers is limited little research on managers in the ‘field’ has been carried out, with the work by agor (1989) probably the best known. Although intuitive processes are critical for effective strategic decision making, there is little in the way of applied research on the topic apart from many popularized treatments of intuition.
Intuition in the strategic decision making process in order to accomplish the aforementioned purpose, the authors conducted a series of qualitative personal interviews with five executives, structuring them on the basis of the three strategic decision making dimensions intuition, rationality and political behaviour. In this, complexity, uncertainty, rationality and control are included those affect strategic decision making process of the organizations (nickols, 2005) role of intuition and analysis in the global marketplace, intuition and rational process both play a crucial role in effective strategic decision making.
That my intuition did not fail me and that i was able to disregard my emotions which were concerned with how much this study would impose on my private life unfortunately it did off course impose on my private life, though due to the support of. In brief, while intuitive decision-making is an individual process, decision-making in organisations is not concepts of information processing intuitive and rational, or analytical, information processing have been examined as two differing, or even opposed, concepts (hodgkinson, sadler-smith, sinclair, ashkanasy, 2007.
Khatri & ng the role of intuition in strategic decision making 59 04khatri (ds) 17/11/99 8:16 am page 59 isolated bits of data and experiences into an integrated picture.