Agric. Econ. - Czech, 2010, 56(12):553-557 | DOI: 10.17221/169/2010-AGRICECON

Managerial decision making - importance of intuition in the rational process

Ivana TICHÁ, Jan HRON, Jiří FIEDLER
Czech University of Life Sciences, Prague, Czech Republic

The article contributes to the debate over the use of intuition in the managerial decision making. A brief overview of the debate is further elaborated with the comparison of findings brought about by two surveys conducted in the field settings. The comparison shows some similarities - for instance, the number of respondents admitting their reliance on intuition in decision making, but also some major differences.

Keywords: decision making, intuition, survey, comparison

Published: December 31, 2010  Show citation

ACS AIP APA ASA Harvard Chicago Chicago Notes IEEE ISO690 MLA NLM Turabian Vancouver
TICHÁ I, HRON J, FIEDLER J. Managerial decision making - importance of intuition in the rational process. Agric. Econ. - Czech. 2010;56(12):553-557. doi: 10.17221/169/2010-AGRICECON.
Download citation

References

  1. Brockman E.N., Anthony W.P. (1998): The influence of tacit knowledge and collective mind on strategic planning. Journal of Managerial Issues, 10: 204-222.
  2. Burke L.A., Miller M.K. (1999): Taking the mystery out of intuitive decision making. Academy of Management Executive, 13: 91-99. Go to original source...
  3. Campbell A., Whitehead J. (2010): How to test your deci sion-making instincts, McKinsey Quarterly, May 2010. Available at https://www.mckinseyquarterly.com/Strategy/Strategic_Thinking/How_to_test_your_decisionmaking_instincts_2598
  4. Chia R., Holt R. (2008): On managerial knowledge. Man agement Learning, 39: 141-158. Go to original source...
  5. Elabanna S. (2006): Strategic decision making: Process perspectives. International Journal of Management Reviews, 8: 1-20. Go to original source...
  6. Goodwin P. (2009): Common sense and hard decision analysis: why might they conflict? Management Deci sion, 47: 427-440. Go to original source...
  7. Gorlach K., Lostak M., Mooney P.H. (2008): Agriculture, communities, and new social movements: East European ruralities in the process of restructuring. Journal of Rural Studies, 24: 161-171. Go to original source...
  8. Kleinmutz B. (1990): Why we still use our heads instead of formulas? Toward integrative approach. Psychological Bulletin, 107: 296-310. Go to original source... Go to PubMed...
  9. Matzler K., Bailom F., Mooradian T.A. (2007): Intuitive decision making. MITSloan. Management Review, 49: 13-15.
  10. Milecová M., Grznár M., Szabo L.(2010): Outsourcing: Decision making in the case of outsourcing the company activity and the management of outsourcing project. Agricultural Economics - Czech, 56: 387-396. Go to original source...
  11. Salas E., Rosen M.A., DiazGrandos D. (2010): Expertise based intuition and decision making in organizations. Journal of Management, 36: 941-973. Go to original source...
  12. Tomšík P., Svoboda E. (2010): Diagnostics and decisionmaking of the company management within the period of economic crisis and recession. Agricultural Economics - Czech, 56: 303-309. Go to original source...
  13. Vasconcelos A.F. (2009): Intuition, prayer, and managerial decision-making process: a religion based framework. Management Decision, 47: 930-949. Go to original source...
  14. White R.F., Jacques R. (1995): Operationalizing the post modernity construct for efficient organizational change management. Journal of Organizational Change Man agement, 8: 45-50. Go to original source...
  15. Woiceshyn J. (2009): Lessons from "Good Minds": How CEOs use intuition, analysis and guiding principles to make strategic decisions. Long range Planning, 42: 289-319. Go to original source...

This is an open access article distributed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International (CC BY NC 4.0), which permits non-comercial use, distribution, and reproduction in any medium, provided the original publication is properly cited. No use, distribution or reproduction is permitted which does not comply with these terms.