We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Individual versus group decision-making processes - Essay Example

Comments (0)
In decision making, individuals and groups use different criteria, to determine the final decision making, being a fundamental activity in business management. If the decision involves a single individual, the process is expected to take shorter time and less resource…
Download full paper
Individual versus group decision-making processes
Read TextPreview

Extract of sample
Individual versus group decision-making processes

Download file to see previous pages... In group decision making, all team members have a right to express their sentiments. If any group member is denied the chance to participate in the decision making, the decision can be disputed. In the individual decision making, only one individual does the analysis of the work involved and makes the undisputable decision. This is the only effective in certain business types such as sole proprietor businesses.
Group decisions consume more time than individual decision makings. In the individual case, the decision can be made at any instant, and in urgent situations. Decision making in a group must follow certain guiding principles including deadlines, regulatory compliance frameworks and bureaucracy.
Business ethics provides the acceptable ethical guiding principles and behaviors of employees acceptable to the organization. It consumes more time to pass strong decision in line with business ethics, which again change with time. Individual decision making has no specific standard as the individual is in full control of the business (Kahneman & Tversky 2000, p. 53). Because each member of the team has a level of ethical, the operations of the individual changes once he or she begins working in the organization. Companies make use of the mission statements to establish and enforce the framework. Individual decision making does not apply any mission standard ethical decisions of the group.
Both individual and group decision making are guided by standard a level of procedural and structural regulations (Batley & Daly 2006, p. 59). Businesses use standard operational procedures in daily decision making, though a decision matrix. There are decisions that have to be made at specific levels depending on the discretion of a leader. In the same way, an individual applies work place rules by deciding on the management of responsibilities in various business situations.
None of the two decision methods is perfect. Errors can occur at any time since the ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
Group decision making
Thus, a group can be thought of any arrangement that offers the advantage of greater knowledge. A group accumulates more knowledge, information. While it might seem obvious that any group's intelligence exceeds that of one member, in practice that is not so always the case; especially with regard to the decision making.
8 Pages(2000 words)Essay
Group Decision Making
Group decision making provides an effective platform of information sharing and processing helping the members understand the implications related to the context and analyse the situation from different perspective. While interaction and communication play an important role in decision making process in groups, the methods or approach taken to arrive at a final decision varies from one context to another.
7 Pages(1750 words)Term Paper
Group Decision Making
In simple terms group decision making can be defined as a collaborative effort in which several members of the group analyze the problem together, consider possible solutions to address the problem and select the best solution from the available alternatives (Barnett, 2011).
8 Pages(2000 words)Essay
Presidential versus Congressional Decision Making
However, the body that shall encompass the vital and absolute voice in establishing the path of the American state is left for proceedings to determine (Mowbry, 2003). Actions have long established that jointly the President and Congress create foreign policy but they have not determined the question of which division initiates or ultimately settles on policy (Easterly, 2002).
4 Pages(1000 words)Essay
Individual essay discussing the strategic thinking, decision making processes, management/organisational structure and business
Currently, Nokia together with Microsoft is inclined towards creating a global ecosystem that can offer customers with different alternatives for android and iOS (Nokia, 2013a). This study focuses on strategic thinking, decision making process, organizational structure and business environment of Nokia.
6 Pages(1500 words)Essay
Models of decision making and problem solving
Problem solving is one of the steps involved in decision making. Decision making is a part of everyday life for all of us. However this essay is confined to analysis of the process of decision making in an organizational context.
8 Pages(2000 words)Essay
Group Decision Making Process
We just had a task to be completed in front of us, and it was all we cared for. We won't say that everything went perfectly, but, nevertheless, we got a very valuable experience in working in group and team decision making we would now like to share with you.
2 Pages(500 words)Essay
Group Decision Making
The study of group behavior has evolved from various disciplines originating among social scientists to organizational management. Contemporary studies of group behavior recognized the need to understand the relationships between group members and
6 Pages(1500 words)Essay
Outline the distinctive properties of group decision-making and negotiation. Compare and contrast the conditions under which these two coordination mechanisms can govern interdependences among agents effectively and efficiently
Decision making is related to defining problems and selecting a best course of actions among alternatives to solve problem that is already occurred or is
6 Pages(1500 words)Essay
Challenges, problems and conflicts that may occur in teams (Teamwork vs. Individual work in efficiency of decision making)
381). Furthermore, Narayan and Corcoran- Perry (1997) assert that decision making is the “interaction” between a “problem” that requires solving as well as any person who “wishes to solve” the problem within a particular environment (p. 381). However, decision
8 Pages(2000 words)Essay
Let us find you another Essay on topic Individual versus group decision-making processes for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us