Philosophy (from Greek ÏÎ¹Î»Î¿ÏÎ¿ÏÎ¯Î±, philosophia, literally love of wisdom[1][2][3][4]) is the study of general and fundamental problems concerning matters such as existence, knowledge, values, reason, mind, and language.[5][6] The term was probably coined by Pythagoras (c. 570â495 BCE).
Structured decision making is a general term for. carefully organized analysis of problems in order to reach decisions that are focused clearly on. achieving fundamental objectives. Based in decision theory and risk analysis, SDM.
Generally, strategic decision is unstructured and thus, a manager has to apply his business judgeÂ­ment, evaluation and intuition into the definition of the problem. These decisions are based on partial knowledge of the environmenÂ­tal factors which are uncertain and dynamic.