DECISION-MAKING

Different situations require different types of decision-making processes:

• Rational decision-making is the most logical and structured method, often used when there is enough time to collect and analyze all relevant information. It is typically applied in business strategy and resource allocation.

• Intuitive decision-making is based on instincts or intuition, often used in high-pressure situations where quick decisions need to be made.

• Collaborative decision-making involves multiple stakeholders, allowing for consideration of different perspectives and shared responsibility for the outcome. Collaborative methods are especially useful when working in teams.