decision-making tools
Frameworks for choosing
Decision-making tools are methods, frameworks, or instruments that help people choose among options.
These range from simple techniques like pro-and-con lists to sophisticated software for analyzing complex data.
In business, common decision-making tools include cost-benefit analysis, decision trees, and SWOT analysis: The committee used several decision-making tools before selecting a vendor.
- frameworkUnderlying support system
- matrixOrdered numerical arrangement
- flowchartDiagram showing workflow steps
- SWOT analysisFramework examining advantages and threats
- pros and consFavorable and unfavorable points
criteria · algorithm · risk assessment · scorecard · checklist · spreadsheet · cost benefit · brainstorm · prioritize · weigh · evaluate · tradeoffs · options · analysis · strategy · action plan · deliberate · pivot
decision-making toolsgut instinct
Immediate unreasoned knowing
intuition · gut feeling · hunch · instinct · snap judgment
decision-making toolscoin flip
Random binary determination
random chance · coin toss · fate · chance · luck
decision-making toolsautopilot
Automated vehicle guidance system
habit · reflex · blind faith · groupthink · following the crowd
decision, decisions, decide, decided, deciding, decisive, decisively, indecision, indecisive