Intuition and managerial decision-making

Author:

Gigalová Veronika1

Affiliation:

1. Department of Sociology, Andragogy and Cultural Anthropology Faculty of Arts , Palacky University , Tr. Svobody 26, 77900 , Olomouc , Czech Republic

Abstract

Abstract The study examines new possibilities for recognising and understanding intuitive managerial decision-making, which is increasingly discussed in relation to the theory of management. Managers make decisions in organisations which have been undergoing transformation related to societal changes. Managerial decision-making is still understood as a purely rational action. Let us suppose that managers are able to entirely rationally calculate inputs and outputs, or the consequences, of their actions, and always do so to achieve set goals. Managers are expected to decide quickly, and this increases the probability of errors occurring. Therefore, intuition derived from knowledge, experience and emotions is now taking precedence over rationality.

Publisher

Walter de Gruyter GmbH

Subject

Law,Philosophy,Sociology and Political Science

Reference35 articles.

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