StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Management of Decision Making - Essay Example

Cite this document
Summary
Soft System Methodology - a system developed by Peter Checkland at Lancaster University in 1970 aims to approach the corporate problems through well developed body of theoretical ideas. This methodology is based on the premise that in an organization, the human aspects are open…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER97.1% of users find it useful
Management of Decision Making
Read Text Preview

Extract of sample "Management of Decision Making"

Download file to see previous pages

SSM being a user centered design approach concentrates mainly on the people involved with the problem and focus on the specific problems secondarily. It also aims at analyzing the problem from different perspectives. SSM provides an effective and efficient way to carry out an analysis of the processes in which technological processes and human activities are interdependent. This paper envisages making a case study of the problems faced by stake holders and various other entities dealing with a particular branch of a Local bank and how SSM approach provides a solution to the problem identified: SSM involves various key stages in its implementation like, identifying and defining the problem situation and expressing them in the context of relevance to human factors involved, creating relevant root definitions and thereby evolving conceptual models measuring performance.

Such models created would then be compared with the real world to assess the requirement of any desirable or necessary changes and finally recommending the corrective action to be taken. To understand and deal with the structured problem one should have answers to such questions as who are the key players, what their perception of the situation is, what processes are going on now and what the organized structures are: In our example the basic details about the organization Bank Muscat must be studied to apply SSM.

Bank Muscat is the largest Bank in Oman with a strong presence in consumer banking, corporate banking, Investment Banking, Asset Management, private banking and project finance. The bank has a network of over 90 branches in Oman and a representative office in Dubai. Bank Muscat has interests in India and Bahrain. The Brach is headed by an efficient manager of the Bank Mr.Salim Ali Al Busaidi and assisted by Assistant Manager Nawal Salman Al Rawabi with additional staff to

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Management of Decision Making Essay Example | Topics and Well Written Essays - 3500 words”, n.d.)
Retrieved from https://studentshare.org/miscellaneous/1538763-management-of-decision-making
(Management of Decision Making Essay Example | Topics and Well Written Essays - 3500 Words)
https://studentshare.org/miscellaneous/1538763-management-of-decision-making.
“Management of Decision Making Essay Example | Topics and Well Written Essays - 3500 Words”, n.d. https://studentshare.org/miscellaneous/1538763-management-of-decision-making.
  • Cited: 1 times

CHECK THESE SAMPLES OF Management of Decision Making

Management - Elements of Decision Making

Management- Elements of decision making Introduction Management performs many important functions such as motivating, inspiring and decision-making.... Amongst these, the function of decision-making is viewed to be a significant one.... Critical Evaluation From the overall analysis, it can be comprehended that management plays an imperative role in the process of decision-making.... There are certain crucial factors that generally creates problem while making any decision....
3 Pages (750 words) Essay

Care Management Decision Making in Practice

Healthcare practice no longer is a process of empirical care delivered by healthcare professionals, such as, doctors and nurses by practice methods learnt from seniors in the field; it is an entirely evidence-based process of analysis of problem and a process of step-wise synthesis of decision making dependent on academic learning that involves implementation of care through collaborative means by the professionals.... The synthesis of experience and academic learning happens in the course of decision making occurs in all the professionals....
8 Pages (2000 words) Essay

Making a Management Decision Process

Performance appraisals are used quite often just to assist managers in making salary raise decisions.... An example of this is that it is quite likely that the decision of he manager is affected by a single good or bad job done by an employee and fails to see the quality of the rest of the work done over the period.... The performance appraisal is a management tool that is meant to encourage employees in a company to become more competent in their current job functions and thereby promote self development for the productivity of the organization....
6 Pages (1500 words) Essay

Management Decision Making

How can managers blend the guidelines for making effective decisions in todays world with the rationality and bounded rationality models of decision making-or can they?... Because decision making is involved in all four managerial functions.... Whether it is identifying a problem, analysing the alternatives or making final choices, managers' decision making skills determine the success of an organisation. A.... All of us bring biases to the decisions we Running Head: MANAGEMENT decision making Management decision making Questions & AnswersMANAGEMENT decision making 2 Management Decision MakingQuestions & AnswersQ1....
2 Pages (500 words) Coursework

Management Decision Making

The paper "Management decision making" describes that in arriving at a decision, the team applies to cause and effect diagram, which investigates business systems for possible problems which cause inefficiencies.... A decision making chain slows down due to lack of harmony among team members tasked with that responsibility.... A decision making chain slows down due to lack of harmony among team members tasked with that responsibility.... A decision making chain slows down due to lack of harmony among team members tasked with that responsibility....
1 Pages (250 words) Case Study

Management Decision Making

One intends to introduce quality improvement measures in the areas of curriculum development, areas Management decision making Management decision making Knowledge management is “about providing the right knowledge to the right people at the right time, and helping them apply it in ways that improve organizational performance” (Asian Development Bank, 2012).... Knowledge management is “about providing the right knowledge to the right people at the right time, and helping them apply it in ways that improve organizational performance” (Asian Development Bank, 2012)....
1 Pages (250 words) Essay

Management Decision Making

In the paper “Management decision making” the author describes decision making as the most important tool in the running and management of an organization.... It also involves making necessary changes so as to incorporate relevant recommendations.... It also deals in the sale of software applications in the fields of accounting, document management, payroll, tax, mobile applications, and company workflow management, among others....
2 Pages (500 words) Essay

Management of Decision Making: Bank Muscat

The author of the "Management of Decision Making: Bank Muscat" paper analyses the problem with Soft System Methodology and suggests possible recourse be adopted for smooth implementation of the Board decision of Bank Muscat, the largest bank of Oman.... decision has been made to enter the insurance sector in collaboration with a leading insurance company in the world— Prudential Insurance.... The Bank Board sees it as a strategic decision to meet the futuristic vision of providing a wider range of financial services and meet competition by diversification....
12 Pages (3000 words) Case Study
sponsored ads
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.
Contact Us