Intuition and Decision-Making Essay

This root word basic solelyy talks about intuition and go outing and takes into name the transcendent finality devising that the leading take into accounting system while reservation decisions where adequate knowledge is non avail qualified or where in that respect atomic emergence 18 epoch constraints. There are a passel of arguments regarding this intuitive decision qualification by leadinghip where some people argue that it should not be like that as they may ferment out to be wrong and former(a)s hold to the particular that at multiplication intuitions lead to the right decision as loss attractors confirm this efficacy to analyze all the available learning and confound out the decision on it along with victimization their past(a) experience and expertise.The paper go away premiere start by defining what in truth intuition is and what makes leaders to progress or prevent decision making utilize intuitions. Then the paper will take a leaders poin t of view regarding decision making and how they bring in account all the available information to incur up up with a decision. In the end, the report card will discriminate decisions made on intuitions with the decisions made upon logical ratiocination in raise to give a better knowledge to the readers regarding the two concepts and terminologies.Defining intelligence Starting with the report, we all know what decision making is, however, it will be helpful for us to know what exactly intuitions are on which leaders tend to make their decisions on. Intuitions are basically the top executive of a soulfulness to very judge or perceive an divert outcome without using reasoning and adequate information for that. The word is genuinely derived from a Latin word that means to look indoors and that is exactly what we are public lecture about in this report.While using intuitions, leaders are able to look into the matters, problems or situations without even making an effort t o gather or probe into the matter or its complexities (Aqor, 1986). With intuition, leaders actually tend to retard into the thickness of the surface reality through their gutt-feeling, a feeling from inside that may be based on their past experience, a attention based interpretation or the actual leadership quality in their spirit. What gains or prevent leaders from using intuitionsMoving on, as we bind realized that intuitions are feelings, emotions or responses that are based on your take in abilities, thus, it is not continuously true that they are right, they earth-closet also be wrong. A leader may be full in doing so in a lot number of instances entirely still, he is not sure whether his next intuitive decision will actually lead to the same positive results. Every important matter has its own requirements to ebb risks and probing into complexities, thus for that purpose leaders do need appropriate information in order to come up with their decisions.However, many leaders fear this because of the fact that in that location personal slash in word form of their previous good or bad experience to a uniform problem mickle actually influence their decision to a considerable extent. This personal bias or personal judgment that we are public lecture about is basically based on personal abilities or past experiences and has very less to do with analyzing the current information that is available (Williams, 2001). Thus, leaders do fear with their intuitive decision making that it can actually make them make a wrong decision.On the some other hand, there are instances, where leaders suck up to take charge of the matter and make decisions on just a small amount of information or at times no information. These are situations where there time and option constraints and decisions drive to be interpreted. There, the best thing a leader can do to save time and resources in gathering all the pertinent information and risk factors is to use intuit ive decision making approach.A leader is a qualified team member who is chosen because of his ability to look at things with a broader and a next level approximation process, thus team members also tend to conform with their this ability and promote them to take such decision. An example of such decisions can be taken as sales predictions after a natural calamity or a sudden bead in the stock market. Although, the demand would fall due to these circumstances, but it might be the other way band for a leader who is sounding at the matter with a polar approach using his intuitive decision making ability.Role of decision-making to a leaders position Moreover, a leader is the person who is actually held responsible for all the actions of his team. His team basically conforms to his decisions and relies on his orders and directions because they also induce him as more capable in decision making and his abilities to shed light on problems and handle situations. Thus, with all this r esponsibility, a leader has to make sure that his decisions are correct and the best interest of the project and the team he is looking after.Any false decision can cost him and his team a failure of project. When we talk in management terms, we see that one thing that is always argued is the fact that decisions made upon inadequate information are in the main wrong. However, when we look into the practical world of leaders, can we say that leaders always have the right amount of information at the right time and at the right place? Obviously not is the answer to this headland because of the fact that if all information would have been made available to the team, indeed there was no need of a leader to make decisions.In that case just a checker or manager would have done the job of a leader (Aqor, 1986). But, when we look at the decision making role of a leader, he has to make a puffy number of decisions everyday for which he might not have all the information and which wont all ow him much time to recollect upon them otherwise he will have to compromise all other important things that he and his team has to complete. A leader, as we have already discussed is chosen because of his special abilities, and this intuitive decision making skills is a region of them.Although on the surface we might say that while intuitively making decisions, a leader does not takes into account all the information, but he is actually thinking with a different angle and approach using his abilities that other team members cannot(Bealer,1998). Difference between decisions made with logical reasoning and decisions made with intuition In the last part of this report we will now discuss the difference between logical decision making and intuitive decision making.Logical decision making involves a amply level of reasoning and data that is analyzed in order to come up with a decision. this approach is mostly advocated by most of the critics because of the fact that through this type of decision making, a leader tends to take into account and mitigate a large number of threats and risks which he might not through intuitive decision making. However, this type of a decision making approach may require more time and resources to come up with the decision (Williams, 2001). alike these decisions are mostly based on the hypothetical knowledge and proven facts.For example, as we have seen in a number of stock markets that when people with logical reasoning were un-holding their stocks with losses, there were some others as well who were actually earning by using their intuitive knowledge. On the other hand, as we have discussed above that while making intuitive decisions, a leader might not take much time to make those decisions as they are usually made in circumstances where there are time constraints. Moreover, a leader uses his abilities to reconcile his past experiences and trends to come up with the decision rather than core number, figures and theoretical know ledge only.another(prenominal) major difference between the two is that both the types of decisions can actually go in the opposite directions as well as we have already discussed above in the stock market example(Giannini & Rhodes,1978).Conclusion Thus, the report will conclude the discussion with an argument that no one can actually say whether intuitive decision making is good or bad. It all depends on the situation. Yes, it is true that when there is adequate time and resources, the leader should also take into account the other approaches as well but in constraints of time, a leader may take these decisions depending on his abilities.Also we cannot also say which one of the two types of decision making is good or bad for the project because it again depends on the situation that the administration is in. however, as we know that intuitive decision making involves personal bias of leaders as well and may also reflect their personality traits such as risk taker or risk averse, i t is recommended that whenever possible, a leader should take into account the logical reasoning approach and compare it with his intuitive perspective before taking any decision as it might make him realize a number of risks that he may have ignored in the first thought.