What are the biggest challenges to implementing a fact-based decision-making culture. Discuss.

Expert Solution

The fact-based decision making can be seen as a systematic activity that mainly gives importance to the collection of the suitable data and to maintain a high degree of data, having the nonjudgmental analysis to come up with the inputs, analyzing all the possible advantages and disadvantages and to select the most suitable business decision which is supported by the rational and analysis in comparison to the thumb rule, guesswork or hunch.

So the main challenges or issues that could be encountered while implementing the fact-based decision-making culture are stated below=

Developing a framework on which the suitable and logical data collection is feasible and collecting the most suitable data is tough at times

The other challenge is to have the structure that can help the decision-makers to analyze the data from the various perspectives

The organization has to make sure that it has the right set of process and rules that can result in a thorough analysis of the data that can help in drawing rational decision making

The required information system that can facilitate timely and required information and the culture in the organization that promotes rational decision making

keosha answered 1 year ago

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