Types of Decisions

Decisions can be classified into 2, ie reversible and non-reversible, with the difference being in degree of importance, ie
"...reversible decisions are lower stakes. If a poor decision is made, it is easy to pivot and take the other path. Non--reversible decisions have higher stakes and are costly to a business if the wrong one in made..."
Amantha Imber, 2022

Generally senior management makes the non-reversible decisions and delegates reversible decisions to their staff. It can be used as a way of empowering staff.

 

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