Intuition is psychological and can defined as, “the power or faculty of attaining to direct knowledge or cognition without evident rational thought and inference; immediate apprehension or cognition; quick and ready insight” (Intuition, n.d.). To me intuition is a combination of personal experience, knowledge, and feeling. It’s something that comes natural to someone. I believe intuition is important and listening to one’s intuition is vital.
Intuition is a crucial aspect of management. Analysis and intuition go hand-in-hand in management. Using these tools to make decisions helps managers make the best choices and strategies. Intuition is a great guide to help us make well rounded decisions based on our knowledge, feeling, and experience. This guide compliments strategic decision making. According to my research, “Using your intuition can help you make the right decision while allowing the necessary speed to match the importance of the decision. Along with accelerating your decision-making timetables, using your intuition can help you distinguish certain elements that logic simply overshadows” (Light, 2018).
Intuition has gained more importance in the workplace. Businesses thrive on creativity, intuition, and knowledge. Work environments and interorganizational relationships are now crucial factors that are implemented in businesses. Organizations are now taking a different approach to business and are highlighting the importance of intuition and positivity. “For years, many businesses have been running their operations based purely on statistics and other empirical data. These businesses have succeeded in their own respect. However, most of the greatest companies to have ever existed have thrived not just on hard factual evidence but with a combination of data, innovation, and intuition. Intuition and “gut feelings” no longer just belong in the realm of detective novels” (Light, 2018). According to research intuition is an important tool in the workplace.
Lesson one – respond with 150 words (Vanessa)
According to David and David (2017) for a company to achieve its goals it must formulate, implement, and evaluate cross-functional decisions. Strategic management involves integrating management, marketing, finance and accounting, production and operation, research and development, and information system to better set business goals, assess the competitive environment, evaluate the internal organization, evaluate strategies, and guarantee that management rolls out the strategies across the company. David (2017) explained that even though some companies are lucky to have managers whose intuition has helped them made successful business decisions not all companies have the same privilege. Research has shown that decision-makers who based their decision only on intuition without checking facts have a higher chance of killing the business. In strategic management integrating intuition and analysis can help management understand internal and external factors that may contribute to the success of a business. Making decisions based on intuition and analysis is a great way to help the business achieve its goals. Intuition offers the opportunity to strategists to rethink their strategies and to solve problems with the help of using self-confidence and a positive attitude. Analysis helps the company consider factors, such as political, economic, social, technological, legal, and environmental before making a strategic decision. Intuition and analysis both play a crucial role in effective strategic decision-making. Basing strategic management decisions on Intuition and analysis not only helps the business make clear attainable goals and achieve them it can also help organizations develop thinking and morality among the employees of the firm that helps the decision-maker to take appropriate and effective strategic decisions (Hodgkinson & Sadler-Smith, 2018).
Lesson two- respond with 150 words (tiffany)
Firstly, a vision statement provides the foundation for a mission statement. A vision statement answers the question ‘What do we want to become?”. That is why the vision statement is usually first because it will provide employees and customers with an idea o