Transcript

Decision-making characteristics can have a significant impact on the decisions you make. Your previous decision-making experiences, your tolerance of ambiguity, your individualistic-collectivistic orientation, your hierarchical position in the organisation and your decision-making orientation plays an important part in how you decide and make decisions.

Firstly, your previous decision-making experience, or lack of it, can have a significant impact on your uncertainty perception and desire for control. The lack of previous decision-making experience can lead to a higher level of perceived uncertainty.

Secondly, when you have a higher tolerance for ambiguity, you will reduce uncertainty by gathering extra information. You may also perceive ambiguous situations as desirable where you tend to cease your information processing activities early.

Thirdly, when you have a collectivist orientation, you tend to emphasise the importance of belonging to a group and making decisions as a group. You seek cooperation and help from other people when deciding rather than making the decision yourself.

Fourthly, when you are in a higher hierarchical position in the organisation, you tend to have better access to information for decision-making than others in the lower hierarchical positions. Information gathering and the reduction of uncertainty become easier as you move higher in the organisational hierarchy.

Fifthly and lastly, people with a more entrepreneurial orientation are characterised by greater risk-taking than people with conservative orientation. They are less likely to perceive the situation as threatening.

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Your personality can also determine how you acquire and digest information and how you use the information to decide.

Firstly, how you acquire and digest information will be determined by whether you are a factual person or an intuitive person.

As a factual person, you prefer details and tend to take in information through your five senses. You like information that is tangible and concrete. You also like real-life examples and practical exercises.

On the other hand, as an intuitive person, you look at the big picture, seeking out patterns and impressions from the information you have gathered. You tend to trust information that is less dependent upon your senses and less factual, preferring to deal with ideas and abstract theories instead.

Secondly, how you use the information to decide will be determined by whether you are a logical person or a people person.

As a logical person, you tend to decide by what seems reasonable, consistent and matching a given set of rules or objective facts. You can come across as impersonal or detached when deciding.

On the other hand, as a people person, you tend to consider other people and their emotions and feelings when deciding. Seeking harmony, consensus and fit, you make decisions based on feelings, values and beliefs. You consider what others care about.

Therefore, you could be a factual-logical person or a factual-people person. Alternately, you could be an intuitive-logical person or an intuitive-people person.

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