The environment of complex decision situations

Hassan Qudrat-Ullah ()

Chapter 2 in Understanding Advanced Decision Making, 2025, pp 22-55 from Edward Elgar Publishing

Abstract: This chapter provides a comprehensive exploration of complex decision situations, presenting an organized framework to guide decision makers through the multifaceted landscape of external factors, internal organizational considerations, and the pervasive influence of uncertainty and risk. By delving into key dimensions such as economic influences, social dynamics, technological advancements, environmental considerations, globalization, and political influences, decision makers gain valuable insights into the diverse forces shaping their decision environments. The examination of internal organizational factors, including structure, culture, and human dynamics, adds depth to this understanding, emphasizing the importance of systems thinking. Furthermore, the chapter addresses the challenges posed by uncertainty and risk, offering insights from dynamic decision theory and psychological perspectives. Through this structured exploration, decision makers are equipped with a strategic roadmap to navigate complexities and make informed choices, fostering adaptability and effectiveness in the intricate realm of decision making.

Keywords: Complex decision situations; Internal organizational considerations; Risk; Economic influences; Social dynamics; Systems thinking (search for similar items in EconPapers)
Date: 2025
ISBN: 9781035346233
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