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Management article
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Reference no. SMR3543
Product 6606 (SMR3543) has no authors
Published by: MIT Sloan School of Management
Published in: "MIT Sloan Management Review", 1994
Length: 11 pages

Abstract

Conventional approaches to decision making focus on generating and evaluating alternatives. According to the author, however, alternatives are relevant only as means to achieve values. Values, not alternatives, should be the primary focus of decision making. In this article, he describes ''value-focused thinking,'' which involves clearly defining and structuring your fundamental values in terms of objectives and using these objectives to guide and integrate decision making. He explains techniques for creating better alternatives for your decision problems and for identifying more appealing decision opportunities than those that confront you. These ideas are relevant both to organizational and personal decisions, and they are illustrated by their application at Conflict Management, Inc.

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Abstract

Conventional approaches to decision making focus on generating and evaluating alternatives. According to the author, however, alternatives are relevant only as means to achieve values. Values, not alternatives, should be the primary focus of decision making. In this article, he describes ''value-focused thinking,'' which involves clearly defining and structuring your fundamental values in terms of objectives and using these objectives to guide and integrate decision making. He explains techniques for creating better alternatives for your decision problems and for identifying more appealing decision opportunities than those that confront you. These ideas are relevant both to organizational and personal decisions, and they are illustrated by their application at Conflict Management, Inc.

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