Reference no: EM132358376
Explain the role of intuition in decision making.
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Over the years, the growth of popular fascination has been high with the way in which experts make rapid and efficient decisions. Intuition plays a vital role in expert decision-making as described in Welch's theories, which emphasis on the analysis of different phenomena (Jerad H.Moxley, 2012). Intuitive decision making can be explained as a process in which acquired information through associated learning and kept in long term memory can be accessed unconsciously to form fundamental decision or judgment. Thus, the way in which experts come up with intuition and using it effectively in the organization may influence effectiveness and practices of the organization significantly. The roles of intuition in the decision-making process are discussed below.
Intuition in the decision-making process plays a vital role in the strategic thinking level (Henning Plessner, 2011). Strategic thinking is a method of synthesis that makes use of creativity and intuition in order to integrate the vision and future of the company. It is essential to use intuition as it creates more opportunities in obtaining a comprehensive solution more so when dealing with complex and challenging situations.
Furthermore, intuitive potential inactive top-level leaders are among the essential abilities required in decision-making and play a significant role in improving managerial effectiveness. Some managers may underestimate their potential intuitiveness hence making wring decisions. Elimination of restrictions on the use of potential intuitive is essential by improving the potentiality and raising its level of consumption (Damien Organ, 2016). It can be concluded that intuition is vital in both strategic decision level and top-level management characterized by the high level of complexity and difficulty.
References
Damien Organ, B. O. (2016). Intuitive Decision-making and Deep Level Diversity in Entrepreneurial ICT Teams. Routledge, Taylor & Francis Group.
Henning Plessner, C. B. (2011). Intuition in Judgment and Decision Making. Psychology Press.
Jerad H.Moxley, K. E. (2012). The role of intuition and deliberative thinking in experts' superior tactical decision-making. Cognition, 72-78.