Factors Influencing Decisions

Start with the influences

Begin with the note Factors Influencing Decisions for an introduction to internal factors. It considers risk and reward, including how a decision can involve both. As you read, note the factors mentioned and consider how they might affect a choice.

Then open the Internal Factors mind map. It brings together technology, finance, human resources and culture, alongside the role of managers. Use it to organize the ideas from the note and see which factors you want to explore further.

Explore ethics and corporate influences

The mind map Corporate Influences looks at business strategy, long-term objectives and short-term goals. Another map on corporate influences includes culture, ethics and stakeholders. Compare their branches to see how a decision might be viewed from different perspectives.

For ethics, look at the map on managerial decision making. It outlines stages including formulating a problem, setting a goal, generating alternatives and evaluating them. The business ethics map introduces moral guidelines and their role in choices. Together, these maps offer ways to think through a decision rather than focus on a single factor.

Connect and check your understanding

Influences on Decision Making adds business objectives and budgets to the picture. A separate map considers challenges such as uncertainty, complexity, information overload and data quality. The page also includes sustainability flowcharts.

These resources form a section of Decision Making and Problem Solving in Business administration and management (incl. project management). Use the maps to connect factors with the decision-making process described in the unit.

There are no quizzes listed on this page, but a free account lets you make your own. Turn a few map branches into questions, answer them, then return to the maps to check your understanding. Choose a map and build a short set of questions around it.