Which is the most common method of decision-making followed by organizations?TraditionalRules of ThumbIntuitionUse of Relevant Data

The most common methods of decision-making in organizations often depend on the context and complexity of the situation. However, "Use of Relevant Data" has gained significant traction in modern organizations due to the increasing emphasis on evidence-based decision-making. Here's a brief overview of each option:

1. Traditional: This method relies on established practices and norms, which may not always be suitable in rapidly changing environments.

2. Rules of Thumb: These are simplified guidelines based on past experiences. While convenient, they may lead to oversimplifications and could be less reliable in novel situations.

3. Intuition: Often used for quick decisions, intuition can draw on a person’s experience and understanding of a situation. However, it can be subjective and may not always yield the best outcomes.

4. Use of Relevant Data: This approach emphasizes the analysis of data to inform decisions. As technology advances and access to big data improves, this method has become predominant because it helps organizations make informed, rational decisions based on evidence rather than guesswork.

In summary, while all these methods have their place, the use of relevant data is increasingly seen as the most effective method in today’s data-driven business environments.