Ian's A2 Business Blog

Thursday, 18 May 2017

Evidence Based versus Subjective Decision Making

Evidence based:
Taking business decisions can be very costly.

There is the trade off between risk and reward.

Should an evidence based or 'scientific' approach always be taken?
Details here.

Subjective decision making or using a 'hunch'.
Details here.
Posted by Business Teacher at 01:50
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Labels: 3.4 Influences on Business Decisions
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  • 3.1 Business Objectives and Strategy
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  • 3.3 Decision-making techniques
  • 3.4 Influences on Business Decisions
  • 3.5 Assessing Competitiveness
  • 3.6 Managing Change
  • 4.1 Globalisation
  • 4.2 Global Markets and Business Expansion
  • 4.3 Global Marketing
  • 4.4 Global industries and companies
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