StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Summarize document - Essay Example

Cite this document
Summary
It depends on the strategies of making decisions that managers choose. In the article by Naresh Khatri and H. Alvin Ng the role of intuition in this process is discussed. It is thought that the most reliable and…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER98.7% of users find it useful
Summarize document
Read Text Preview

Extract of sample "Summarize document"

Every industry is based on a certain policy of management. It depends on the strategies of making decisions that managers choose. In the article by Naresh Khatri and H. Alvin Ng the role of intuition in this process is discussed. It is thought that the most reliable and effective way of strategic planning is using specific formulas and available data. However, intuition or “gut-feeling” (Khatri and Alvin Ng 2000, p. 67), also plays a significant role in decision making. The main idea of the article is that intuition is not a supernatural phenomenon.

The authors explain that decisions, made intuitively, are based on previous experience and precedents. Intuition has nothing to do with random guessing, it is a subconscious process of appealing to a person’s experience of solving specific problems. This article has changed my understanding of intuition as a process as well as its role in making strategies. I have learned that to achieve the highest results intuition and rational thinking should be combined. Moreover, the strategies may vary depending on the circumstances.

“Intuitive synthesis is more appropriate for strategic … decisions … and is more effective in an unstable environment…” (Khatri and Alvin Ng 2000, p 62). In addition to this, the article has taught me that all decisions contain a bit of intuition, regardless of how accurate and reliable the facts are. Even while using analytical method, managers deal with future which no one can predict. It is impossible to measure the unknown and as a result, every decision is partially intuitive. (Goldberg 1990, p. 73).To sum up, intuition is indeed a quick rational process as it is based on knowledge and experience, even though it is subconscious.

However, I do not think that it should be widely used on practice. Intuitive synthesis has different results according to the field it is applied in. And because it is based mostly on precedents, it may not always be trustworthy as people’s experience may vary. Only those employees who have a clear understanding of a problem may use this method. I believe further researches on intuition and the ways of its development should be done to improve the process of strategic decision making.Reference ListKhatri N. & Ng H. A. (2000) “The role of intuition in decision making”, Human Relations, vol. 53 (I), January, pp. 57-86.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Summarize document Essay Example | Topics and Well Written Essays - 250 words”, n.d.)
Retrieved from https://studentshare.org/business/1654463-summarize-document
(Summarize Document Essay Example | Topics and Well Written Essays - 250 Words)
https://studentshare.org/business/1654463-summarize-document.
“Summarize Document Essay Example | Topics and Well Written Essays - 250 Words”, n.d. https://studentshare.org/business/1654463-summarize-document.
  • Cited: 0 times

CHECK THESE SAMPLES OF Summarize document

Good Documentation is Good Communication Nursing Care Plans

A document as an additional attempt to make more scientific and applicable the care system is the nursing care document.... A plan, its document can ease the need of explanation and ensure more specificity and knowledge to the learner.... The document should be updated daily in the progress notes by the responsible registered nurse.... This nursing care plan document should include any difficulties observed during the process of achieving the set goal....
9 Pages (2250 words) Essay

Implementation of a Document Management System

The existing system of managing and… Also, there are certain requirement of the regulatory bodies and ISO auditors in terms of document management system in Biz Group.... The Charter of the Project is recognized to be the single most important document in a project, as it establishes the project and summarizes the key information related to the project (Tayntor, 2010)....
7 Pages (1750 words) Essay

Teaching-learning critical incident checklist

I understand that there are different kinds of analyses that can be made on a document or text (Loui, 2005) Frequent reading can help one understand instructors in their professional teaching and assessments.... Knowing how to summarize and analyze text is a good beginning to academic reading....
3 Pages (750 words) Essay

Document Analysis oin the Holocaustand the Nazis

Currently, the document alleged to be the cradle of Zionism should be distributed to everyone whether Jews or non-Jews according to the author.... The author wrote this document as a wakeup call for the Jews who suffered the great humiliation.... For this reason, a reader may argue that this document's purpose was to remind the fellow German-Jews what they stood for meaning peace and unity.... This document is credible considering the events that took place in German especially during the Holocaust....
4 Pages (1000 words) Coursework

Psychological Contract in Contemporary Organisation

The paper "Psychological Contract in Contemporary Organisation" describes psychological contracts between organizations and workers, the various types of Psychological Contracts in the light of currently available pertinent literature including discussion of ideas.... hellip; Hence, there is dire need to 'enter in strong psychological contracts' so that a business firm could motivate and encourage its workers to openly communicate, collaborate, participate and contribute to the timely achievement of business goals and objectives....
7 Pages (1750 words) Essay

Christopher Columbus and the Enterprise of the Indies

This essay "Christopher Columbus and the Enterprise of the Indies" presents the history of Christopher Columbus that has been extensively documented, opinion still remains divided into the factors that motivated the explorer to make the discoveries (Byas 41).... hellip; The reading details how Spain's Highnesses sponsored Columbus's enterprise of the Indies and how religion played a significant role in that the explorer was required to determine the methods that could be used to convert the Indians into Christianity....
1 Pages (250 words) Essay

A Role of Snippets in Document Search in the Web

The purposes of discussion of the search engine architecture is to give a clear understanding of the process involved in searching for a document on the web.... n the last section, comparison of index-based snippet generation and document-based snippet generation has been given.... Actually some, limitations of the document-based snippet generation are identified in this section.... Snippets are important in determination of the content held by the resulted document....
22 Pages (5500 words) Assignment

Policy Document on Education

… The paper "Analysis of Policy document on Education" is a great example of a case study on education.... The policy document reviewed in this essay sets out guidelines for school principals and teachers in terms of their responsibilities towards 'student safety and risk management' (document title, p.... The paper "Analysis of Policy document on Education" is a great example of a case study on education.... The policy document reviewed in this essay sets out guidelines for school principals and teachers in terms of their responsibilities towards 'student safety and risk management' (document title, p....
6 Pages (1500 words) Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us