As discussed in the section 1.1 the world is full of uncertainties. This century of globalization has
witnessed a rapid growth in the size and complexity of human organizations. Taking into account
the size of modern business, uncontrolled conditions of working, individuals, behaviour or any
single wrong decision can be very costly and have spill over influences. There are several methods
for reducing this uncertainty such as tenacity, authority, sixth sense and scientific method. One
with tenacity - inflexible attitude - has a set views and wishes to remain unchanged. The decision
maker will not have any internal doubts about his opinion and does not want to consider facts.
Tenacity is easy to follow but results can be disastrous. In the method of authority, decision maker
shifts the challenges to higher authority. The higher authority might be traditional authority level
in the organization, a company policy, a rule book or a tribunal. In the event of a wrong decision,
the decision maker blames the respected source he has followed. This method is widely followed
in government departments and public sector under takings. Sixth sense is the power of knowing
without resource to reasoning. It can be a low-level intuition. Lack of time, money, expertise and
ignorance are some of the reasons to follow this method. |