Decision Making in a Complex World
Welcome to the initial posting of the new blog for those who are interested in decision making, those facing the challenges of a complex decision, and for anyone interested in the Analytic Hierarchy Process and the Analytic Network Process. We welcome guest submissions and content. Following is a brief excerpt from "The Logic of Priorities" by Thomas Saaty and Luis Vargas to open the discussion!
“Our minds have a limited capacity to assimilate and retain large amounts of information even for short periods of time. Because of such limitations, and because in many situations data are not available, we must base our decisions on the information at hand and on the experiences we have accumulated over the years. In today’s complex world, no amount of information seems adequate to make objective decisions on multifaceted and controversial problems. No wonder individuals and even public and private enterprises often make decisions based on subjective knowledge rather than on a thorough and complete logical resolution of the issues – if that ever is a possibility.”
“In addition, complex decisions are usually characterized by a large number of interacting factors. The problem is how to properly assess the importance of these factors in order to make tradeoffs among them; how to derive a system of priorities that can guide us to make good decisions by choosing a best alternative? To answer this problem of decision making in the face of risk, uncertainty, diversity of factors, and varying opinions and judgments, a new approach has been developed by Thomas L. Saaty in recent years – the Analytic Hierarchy Process.” (The Logic of Priorities, Thomas L. Saaty and Luis Vargas)
3 comments:
For better or worse, our decisions and those of the other members of our organization define today’s realities and tomorrow’s outcomes. In a world that is becoming increasingly knowledge based, more and more members of an organization are making impactful decisions every day; thereby extending decision-making’s importance from the executive suites to the desks of the vast majority of professionals.
StrategyDriven provides executives and managers insights to the decision-making process, best practices, and warning flag behaviors. This information can be viewed in the Decision-Making category of the StrategyDriven website. I believe you'll find these insights to be of great value and hope you'll vist our website.
All the Best,
Nathan Ives
Founder
StrategyDriven
Great discussion. Good site to check out for decision-making in organizations I like this article
www.organizedchange.com/decide.htm
Jessica
First, I must say that I recently began reading your blog and have really enjoyed your raw and insightful responses, which can be a dysfunctional combination sometimes! I was very interested in your blog about decision making and the complexities of the world we live in. Your blog is thorough, but still easy to digest and read. Thank you!
Regards,
Ashley
Post a Comment