Which approach to decision making emphasizes gathering information systematically?

The approach to decision making that emphasizes gathering information systematically is evidence-based decision making. This method focuses on using the best available evidence from various sources, including research, data, and expert opinions, to inform and support the decision-making process. By systematically collecting and analyzing relevant information, businesses can make more informed choices, minimize risks, and increase the likelihood of achieving successful outcomes.

In practice, evidence-based decision making involves defining clear objectives, collecting data accurately, assessing the validity of different sources, and applying rigorous reasoning to interpret the findings. This approach stands in contrast to relying solely on intuition, anecdotal evidence, or outdated practices, leading to more rational and effective decisions.

The other options refer to different concepts or tools within business practices. Critical path analysis is a technique used in project management to determine the longest sequence of dependent tasks and the minimum completion time for a project. Asset stripping refers to the practice of purchasing a company and selling off its assets for profit, while total float is a term used in project management to describe the amount of time a task can be delayed without delaying the entire project. None of these approaches are focused on systematically gathering information for decision making.