How much does luck versus skill have to do with the success or failure of a decision?

  1. What do you see as the main difference between a successful and an unsuccessful decision?
  2. How much does luck versus skill have to do with the success or failure of a decision?
  3. Research has shown that over half of the decisions made within organizations fail. Does this surprise you? Why or why not?
  4. What is it advised to use the rational decision-making model to make a decision? What was the context? How well does the model work?
  5. Share an example of a decision where you used satisficing. Were you happy with the outcome? Why or why not? When would you be most likely to engage in satisficing?
  6. Do you think intuition is respected as a decision-making style? Do you think it should be? Why or why not?
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