INDIAN TOP BLOG DIRECTORY 2024

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Thursday, 2 May 2024

WHY SYNTHESIS IS ESSENTIAL IN DECISION MAKING?

 



 Decision-making requires an individual to "take a view" and that depends on the ability to combine parts or elements to form a whole synthesis.

Holistic is a useful word to use in this regard as it also conveys the approach, especially in business, which recognizes that "wholes" are produced by grouping various units together where it is difficult to analyze them into their parts without losing this wholeness. Hence an holistic view needs to be taken in business decision-making.

Managers need to take this whole view- not to see things as a marketing problem, or a production issue, or a stock control difficulty, or a people problem, or a management failure. Look at the whole to see what that can yield by way of a solutions.

Integration of facts, ideas, and opinions is like the ability to synthesize and strengthens the manager's decision-making. Particularly in assessing financial performance, a manager needs to view the figures as a whole as well as in detail.

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