When to Trust Your Gut? The Effectiveness of Intuition in Organizational Decision-Making

When to Trust Your Gut? The Effectiveness of Intuition in Organizational Decision-Making
Author: Sabina Dörner
Publisher: GRIN Verlag
Total Pages: 16
Release: 2022-03-21
Genre: Psychology
ISBN: 3346608085

Literature Review from the year 2021 in the subject Psychology - Industrial and organizational psychology, grade: 1,7, Maastricht University, language: English, abstract: This literature review examines the effectiveness of intuitive decision-making in organizations. The use of intuition in organizational decision-making is becoming increasingly common due to complex, fast-moving, ambiguous, and uncertain work conditions in today’s organizations. As a result, managers’ decision-making approaches must adapt to the growing intuitive nature of decisions. Intuitive decision-making yields opportunities to improve the decision effectiveness that can benefit organizations. When intuition is used effectively, it leads to creative, innovative, and qualitative outcomes. Furthermore, the use of intuition allows effective decisions to be made under time constraints and in complex situations. To foster effective intuitive decision-making in organizations, managers must consider the characteristics of the decision-maker, the decision task, and the decision environment in their actions. First, they should create an environment that allows for failure, encourages curiosity, and provide opportunities to make new experiences. Moreover, they should improve their employees' decision-making skills by building their expertise through training, mentoring, and feedback. Finally, managers can enhance the effective use of intuition in their organization by recruiting intuitive individuals based on their personality traits. This paper suggests that managers should acknowledge the presence of intuition in organizational decision-making and take measures to increase its effectiveness to take advantage of its benefits.

Judgment Misguided

Judgment Misguided
Author: Jonathan Baron
Publisher: Oxford University Press, USA
Total Pages: 238
Release: 1998
Genre: Policy sciences
ISBN: 0195111087

People often follow intuitive principles of decision making, ranging from group loyalty to the belief that nature is benign. But instead of using these principles as rules of thumb, we often treat them as absolutes and ignore the consequences of following them blindly. In Judgment Misguided, Jonathan Baron explores our well-meant and deeply felt personal intuitions about what is right and wrong, and how they affect the public domain. Baron argues that when these intuitions are valued in their own right, rather than as a means to another end, they often prevent us from achieving the results we want. Focusing on cases where our intuitive principles take over public decision making, the book examines some of our most common intuitions and the ways they can be misused. According to Baron, we can avoid these problems by paying more attention to the effects of our decisions. Written in a accessible style, the book is filled with compelling case studies, such as abortion, nuclear power, immigration, and the decline of the Atlantic fishery, among others, which illustrate a range of intuitions and how they impede the public's best interests. Judgment Misguided will be important reading for those involved in public decision making, and researchers and students in psychology and the social sciences, as well as everyone looking for insight into the decisions that affect us all.

Decisive Intuition

Decisive Intuition
Author: Rick Snyder
Publisher: Red Wheel/Weiser
Total Pages: 258
Release: 2019-03-01
Genre: Business & Economics
ISBN: 1632658623

At last a practical guide on intuitive decision-making for anyone in the business world to get to the answer they need faster. Intuition is the great differentiator in business. Listening to, trusting, and acting on your intuitive intelligence separates you from the pack as most people are not listening to theirs. Intuition is the one intangible skill that enables teams to function at a higher level and add more dimension and power to their ability to solve problems and grow. Yet the question that each business leader and manager struggles to answer is how do you train and develop intuitive thinking in a team to achieve the greatest result? Decisive Intuition is for business leaders, managers, and employees who want answers to this question and are ready to accelerate their company culture. Practice this 6-step process for harnessing your intuitive intelligence with practical business applications. Hear how successful business leaders are integrating intuitive skills into their companies for cutting-edge results. Explore directional, social, and informational intuition and how you can apply them to different areas of your business for greater results. Learn about the 5 roadblocks to accessing your intuitive intelligence and how to overcome them. Discover the latest findings in neuroscience and techniques to access your intuitive, subconscious mind for arriving at better decisions, faster.

Intuition in Judgment and Decision Making

Intuition in Judgment and Decision Making
Author: Henning Plessner
Publisher: Psychology Press
Total Pages: 356
Release: 2011-05-20
Genre: Psychology
ISBN: 1136875220

The central goal of this volume is to bring the learning perspective into the discussion of intuition in judgment and decision making. The book gathers recent work on intuitive decision making that goes beyond the current dominant heuristic processing perspective. However, that does not mean that the book will strictly oppose this perspective. The unique perspective of this book will help to tie together these different conceptualizations of intuition and develop an integrative approach to the psychological understanding of intuition in judgment and decision making. Accordingly, some of the chapters reflect prior research from the heuristic processing perspective in the new light of the learning perspective. This book provides a representative overview of what we currently know about intuition in judgment and decision making. The authors provide latest theoretical developments, integrative frameworks and state-of-the-art reviews of research in the laboratory and in the field. Moreover, some chapters deal with applied topics. Intuition in Judgment and Decision Making aims not only at the interest of students and researchers of psychology, but also at scholars from neighboring social and behavioral sciences such as economy, sociology, political sciences, and neurosciences.

The Power of Intuition

The Power of Intuition
Author: Gary Klein
Publisher: Crown Currency
Total Pages: 354
Release: 2007-12-18
Genre: Business & Economics
ISBN: 0307424049

At times in our careers, we've all been aware of a "gut feeling" guiding our decisions. Too often, we dismiss these feelings as "hunches" and therefore untrustworthy. But renowned researcher Gary Klein reveals that, in fact, 90 percent of the critical decisions we make is based on our intuition. In his new book, THE POWER OF INTUITION, Klein shows that intuition, far from being an innate "sixth sense," is a learnable--and essential--skill. Based on interviews with senior executives who make important judgments swiftly, as well as firefighters, emergency medical staff, soldiers, and others who often face decisions with immediate life-and-death implications, Klein demonstrates that the expertise to recognize patterns and other cues that enable us--intuitively--to make the right decisions--is a natural extension of experience. Through a three-tiered process called the "Exceleration Program," Klein provides readers with the tools they need to build the intuitive skills that will help them make tough choices, spot potential problems, manage uncertainty, and size up situations quickly. Klein also shows how to communicate such decisions more effectively, coach others in the art of intuition, and recognize and defend against an overdependence on information technology. The first book to demystify the role of intuition in decision making, THE POWER OF INTUITION is essential reading for those who wish to develop their intuition skills, wherever they are in the organizational hierarchy.

Rational Intuition

Rational Intuition
Author: Lisa M. Osbeck
Publisher: Cambridge University Press
Total Pages: 451
Release: 2014-08-25
Genre: Psychology
ISBN: 1107022398

Rational Intuition explores the concept of intuition as it relates to rationality through mediums of history, philosophy, cognitive science, and psychology.

Intuition at Work

Intuition at Work
Author: Gary A. Klein
Publisher: Broadway Business
Total Pages: 0
Release: 2003
Genre: Intuition
ISBN: 9780385502887

A leading intuition researcher explores the key role of intuition in how we do our job and demonstrates that intuition is a learnable and essential skill.

The Intuitive Compass

The Intuitive Compass
Author: Francis Cholle
Publisher: John Wiley & Sons
Total Pages: 286
Release: 2011-10-18
Genre: Business & Economics
ISBN: 1118077547

A dynamic new way to understand intuition, already implemented around the world at top companies and business schools Neuroscience shows that instinct has a leading role in complex decision-making, yet imaginative play is the most direct means of activating our creativity and problem-solving abilities. Based on over 20 years of Cholle's wide-ranging professional experience and insights, The Intuitive Compass offers a fascinating new approach to innovative problem-solving, decision-making, and sustainable value creation. Through a concept known as Intuitive Intelligence, Cholle shows how anyone can improve creative brainpower by harnessing the balance between reason and instinct. Explores the tension between linear efficiency and random play, and the synergy between reason and instinct Helps us realize our natural tendencies to think holistically, think paradoxically, notice the unusual, or lead by influence Shows these tenets in action through case studies of the luxury house Hermes, Paris; Google and its paradoxical work culture; Virgin America, and its ability to notice the unusual about what matters for consumers and exert leadership in its industry The Intuitive Compass shows how to thrive within chaos and offers actionable information for reinventing our path to sustainable success.

Psychology, Emotion and Intuition in Work Relationships

Psychology, Emotion and Intuition in Work Relationships
Author: Henry Brown
Publisher: Routledge
Total Pages: 427
Release: 2018-03-05
Genre: Psychology
ISBN: 135140010X

Psychology, Emotion and Intuition in Work Relationships: The Head, Heart and Gut Professional highlights the increasing importance of human relations in professional life. In modern society, all those who work with or provide services to others are increasingly called upon to be not just technical experts, but also ‘head, heart and gut professionals’ – who can work and relate to others with their head, heart, and gut. The book explains and synthesises these elements in an accessible way, based on a sound theoretical perspective combined with practical guidance. The authors address how to manage client expectations; how to deal with risk, uncertainty and imperfection, as well as how to improve communication and interpersonal skills. Attention is also given to the central role of empathy and rapport in professional relationships, while recognising the need for proper professional boundaries. Psychology, Emotion and Intuition in Work Relationships will be a valuable guide for all modern practising and training professionals in a broad range of fields, including mental health, law, social and healthcare, teaching and academia, technology, financial and other services – indeed, for anyone who provides services and has working relationships of any kind.

Thinking, Fast and Slow

Thinking, Fast and Slow
Author: Daniel Kahneman
Publisher: Farrar, Straus and Giroux
Total Pages: 511
Release: 2011-10-25
Genre: Psychology
ISBN: 1429969350

*Major New York Times Bestseller *More than 2.6 million copies sold *One of The New York Times Book Review's ten best books of the year *Selected by The Wall Street Journal as one of the best nonfiction books of the year *Presidential Medal of Freedom Recipient *Daniel Kahneman's work with Amos Tversky is the subject of Michael Lewis's best-selling The Undoing Project: A Friendship That Changed Our Minds In his mega bestseller, Thinking, Fast and Slow, Daniel Kahneman, world-famous psychologist and winner of the Nobel Prize in Economics, takes us on a groundbreaking tour of the mind and explains the two systems that drive the way we think. System 1 is fast, intuitive, and emotional; System 2 is slower, more deliberative, and more logical. The impact of overconfidence on corporate strategies, the difficulties of predicting what will make us happy in the future, the profound effect of cognitive biases on everything from playing the stock market to planning our next vacation—each of these can be understood only by knowing how the two systems shape our judgments and decisions. Engaging the reader in a lively conversation about how we think, Kahneman reveals where we can and cannot trust our intuitions and how we can tap into the benefits of slow thinking. He offers practical and enlightening insights into how choices are made in both our business and our personal lives—and how we can use different techniques to guard against the mental glitches that often get us into trouble. Topping bestseller lists for almost ten years, Thinking, Fast and Slow is a contemporary classic, an essential book that has changed the lives of millions of readers.