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Directory of business decision making tools, geared toward maximizing gains and minimizing losses. Vendors offering decision support software and strategic consulting services.

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Business Decision Making

Effective decision making in business requires an equal emphasis on strategy, collaboration and ethics. The long-term success of your organization is always the primary goal, but without an eye on the moral implications of a choice, you risk making decisions that could harm your company, your customers or your investors.

Business Decision Making Education and Training

Business decision making education and training can offer a varied number of innovative organizational tools and strategies. In many cases, organizational leaders report focusing on problem-solving alone, doesn’t always produce the desired outcome.

Business Decision Making for Beginners

Decision making in business is an important concept. Many businesses make a large number of decisions each day.

Game Theory .net - Resources for Learning and Teaching Strategy ...

Game theory resources for educators and students: lecture notes, text books, interactive game theory applets, online games.

Game theory - Wikipedia, the free encyclopedia

Game theory is a study of strategic decision making. Specifically, it is "the study of mathematical models of conflict and cooperation between intelligent rational ...

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The Game Theorists - YouTube

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Open Yale Courses | Game Theory

This course is an introduction to game theory and strategic thinking. Ideas such as dominance, backward induction, Nash equilibrium, evolutionary stability, ...

Game Theory | Coursera

Game Theory is a free online class taught by Matthew O. Jackson, Kevin Leyton- Brown and Yoav Shoham of Stanford University and The University of British ...

Game Theory - Raleigh, NC

Game Theory, Raleigh, North Carolina, specializes in board games, role-playing games, card games, miniature games, and accessories.

Business Decision-Making Key Terms


When it comes to making decisions regarding the next step for your business, you've probably done the ever-popular list of pros and cons for that decision. However, there are a number of other business decision-making strategies that may help you gain more insight into the possible outcome of a decision and whether it's a chance worth taking. At first glance, you probably wouldn't recognize any of these decision-making strategies, but may come across them as you search for a new method. This resource provides a brief explanation of a few strategies to get you started.

Pareto analysis

The Pareto analysis approaches business decision-making based on the possible changes you can make in an effort to take your business to the next level. With this strategy, you list the possible changes and then rank or score them based upon the best-desired outcome.

MAUT

MAUT stands for Multi-Attribute Utility Theory. Also known as the Pugh Matrix, the Pugh method, decision matrix or grid analysis, this is a great way to find the best business decision when there are a number of good options in front of you. Put simply, you list the possible decisions in rows and the factors affecting those decisions in a column, ranking each factor for each decision and choosing the decision with the best ranking score.
Adams State College explains how to use MAUT in more detail.

Force field

To start a force field analysis, list the business decision you're contemplating in the middle of the page. On the left side, list the forces working toward the decision, and on the right side, list the forces working against the decision. Assign a value to each force on a scale of one to five and tally the results.

Decision tree

When you have several possible strategies for a decision, a decision tree may be the way to determine the best one. It gets its name from the branching effect that results from writing out decisions and listing possible outcomes.

Starbursting

Starbursting is a way of brainstorming new ideas to determine all of the factors that go into making a decision happen. Basically, with the starburst model, you ask the who, what, why, where, when and how related to a decision.

Six thinking hats

The idea of the six thinking hats method of decision-making is to explore a decision from six different perspectives, known as the white, red, black, yellow, green and blue hats.