Department of Business Development, Ariel University, Ariel 40700, Israel
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The Art and Science of Effective Decision-making: Strategies for Leaders in a Complex World
Author(s): Ben Wilson*
In today's fast-paced and interconnected world, effective decision-making stands as a critical competency for leaders navigating complexity and
uncertainty. This paper explores the multifaceted nature of decision-making, integrating both the art and science behind making informed and
impactful choices in organizational contexts. The study begins by examining the cognitive processes and psychological biases that influence
decision outcomes. It discusses how leaders can recognize and mitigate cognitive biases, leverage decision-making heuristics, and promote
rational thinking to enhance the quality of their decisions. Furthermore, the paper explores the role of data-driven decision-making in leveraging
information and analytics to inform strategic choices. It addresses the importance of collecting, analyzing, and interpreting data to support
evidence-based decisi.. Read More»
DOI:
10.37421/2169-026X.2024.13.471
Entrepreneurship & Organization Management received 1115 citations as per Google Scholar report