Whenever you are confronted with a crisis, a conflict, a disaster, or any decision making situation, personal or professional, in situations of uncertainty, you must remember that between Stimulus and Response there lies a space, and in that space lies our freedom to choose a course of action, and in that choice lies our wisdom

SHOR Paradigm

By

VIKRAM KARVE

“The man who insists upon seeing with perfect clearness before he decides, never decides” …Frederic Amiel

Decision-making is so pervasive that everyone, professionally or personally, is involved with making a variety of decisions.

In today’s fast-moving world, the timing of a decision is of paramount importance in many decision-making situations.

In real life even the “perfect” decision may not be optimal if it is made too late.

Information is a vital resource in decision-making.

One of the most important characteristics of successful managers is the ability to make the correct decision when confronted with imperfect or insufficient information (i.e.) Decision-making under conditions of uncertainty.

In the context of decision-processing, two realms or domains of uncertainty are:

1. Information Input Uncertainty which creates the need for hypothesis generation and evaluation;