Making decisions - No piece of cake

I always thought it was a piece of cake until I made those. Business related decisions bring some situations when everyone thinks about these factors

1. The revenue – Cash flow was and is always a big factor while making any decision.

2. Future business – Will it make a great impact on brining new business?

3. Relationship – How the decision will impact the existing relationship between multiple stakeholders?

And other several factors. I remember in my Organizational behaviour class, I came across an interesting article – making managerial decisions is information based or intuition based? This debate has been going on for so long that no one wants to discuss it any more. However it is the basic of many business related activities. Why should I believe in information when it is just the old data? But at the same time how can I believe in intuition which is nothing but just an irrational choice in the world of rationalization. Well I know there is always a balance working behind the scene, it will become more and more difficult to make decisions with the time. Information is so transparent now that no one can hide it but we are also removing human factors from decision making process (Do I need to mention the Lehman Brothers and BP cases). There is no 100 percent solution for decision making processes and even if it is there, no one will believe in it. So better to make decisions based upon the situation. They taught me the best phrase ever in my B-School – it depends.

Dilbert will add more to it