Decision-Making Tools for Everyday Use

Hassan Qudrat-Ullah

Chapter Chapter 9 in Mastering Decision-Making in Business and Personal Life, 2025, pp 279-312 from Springer

Abstract: Abstract This chapter of “Better Choices: Mastering Decision-Making in Personal and Business Life” explores various tools and apps designed to enhance decision-makingDecision-making in personal and business contexts. It covers simple tools such as decision matrices, pros and cons lists, and mobile apps for personal use, while delving into more complex tools like SWOT analysis, cost–benefit analysis, and decision trees for business decisions. The chapter provides step-by-step guides and practical tips to maximize the effectiveness of these tools, emphasizing the importance of clear objectives, relevant information, stakeholder involvement, and reflection for continuous improvement.

Keywords: Decision-making; Decision matrix; SWOT analysis; Cost–benefit analysis; Decision trees; Cognitive biases; Heuristics; Pros and cons list; Mobile apps; Personal decisions; Business decisions; Stakeholder involvement; Data gathering; Risk management; Reflection and learning (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-81068-8_9

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DOI: 10.1007/978-3-031-81068-8_9

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