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

Decision-Making process - Term Paper Example

Cite this document
Summary
Decision-making process is a must in every organization that tries to achieve their corporate goals. In this paper,the proponent tries to analyze the importance of decision-making process in an organization while highlighting the nature of its classification – individual decision versus group decision…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER96.8% of users find it useful
Decision-Making process
Read Text Preview

Extract of sample "Decision-Making process"

Download file to see previous pages

Managers are therefore expected to come up with the best decision. Nelson and Quick particularly discuss different decision models that could able to explain some assumptions about the best decision one could ever make. The first is rational model which has the basic assumption that the decision maker is conscious about the best decision he or she has to choose from the available preferences. The next is bounded rationality model which has basic assumptions that managers should select satisfactory decisions, they have simple view of the world, and they are comfortable with their decisions even without alternatives and they are into heuristic decision or based on the rule of thumb.

Then there are also times when the decision-maker has to decide randomly or in an unsystematic way. Such of this is explained by the garbage can model. Nelson and Nick also discuss Jung’s cognitive style which is based on the idea of gathering information and evaluating the best alternatives. In this model, it is assumed that individuals are able to perceive things and eventually judge them. There is therefore a substantial risk in this considering the fact that perception at some point may eventually be based on personal choices that could be subjective at certain level.

However, Nelson and Nick include that the influence of other individual in the decision making is viewed to have significant impact because from the point of view of cognitive approach, they too are capable of perceiving things and evaluating on them based on their best preferences. Furthermore, they point out that creativity is an integral part of the human’s capability. However, they believe that the problem with relying on other’s decision could be a potential drawback due to organizational influence, which means that the entire decision and its creativity could either be impeded or supported.

They also point out that the good thing however about group decision includes acquiring more knowledge and information, increase acceptance and commitment due to giving opportunity for each member to

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Decision-Making process Term Paper Example | Topics and Well Written Essays - 750 words”, n.d.)
Retrieved from https://studentshare.org/management/1396654-decision-making
(Decision-Making Process Term Paper Example | Topics and Well Written Essays - 750 Words)
https://studentshare.org/management/1396654-decision-making.
“Decision-Making Process Term Paper Example | Topics and Well Written Essays - 750 Words”, n.d. https://studentshare.org/management/1396654-decision-making.
  • Cited: 1 times

CHECK THESE SAMPLES OF Decision-Making process

Group Decision Making Process

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. Group Decision Making process The success of our group in resulted due to numerous factors that were considered when forming a group and working in it.... One of the characteristic features of group decision making process is that a good process itself doesn't guarantee the good outcome, and, on the contrary, complicated decision making process doesn't always result in a bad decision....
2 Pages (500 words) Essay

DECISION MAKING PROCESS

“The full MDMP (Military decision making process) is a detailed, deliberate, sequential, and time-consuming process used when adequate planning time and sufficient staff support are available to thoroughly examine numerous friendly and enemy courses of action (COAs)” (The Military Decision-Making process, n.... “The commander is in charge of the military Decision-Making process and decides what procedures to use in each situation” (The Military Decision-Making process, n....
2 Pages (500 words) Research Paper

Decision-Making Process Paper

The Decision-Making process starts with the analysis of the different perspectives which have come to my reckoning.... I want to be 100 percent sure that my Decision-Making process is absolute and comprehensive from ID Lecturer Decision-Making process Paper My Decision-Making process depends greatly on what I want to achieve in essence.... The Decision-Making process starts with the analysis of the different perspectives which have come to my reckoning....
2 Pages (500 words) Essay

The Decision Making Process

nbsp;… According to the paper, The Decision Making process, the ultimate objective of the decision making is finding a suitable solution for the emergency of such compulsions.... Generally, a decision making process is initiated according to the expectations and preferences of the decision maker for the purpose of eliminating possible uncertainties of the results of a preplanned future action.... The process of decision making is not a simple action, because it is the key to the future perfections as the decider of an action has an unbreakable relationship with the implications of the results as well as the quality of the chosen output that comes as the end result....
2 Pages (500 words) Essay

Decision Making Process Paper

At times, people make decisions… Therefore, a person has to make sure that there is a record of important decisions to make, or identify the right decision. The one time in life I had to make a personal and professional Management Decision-Making process Decision-making is the act that involves choosing two or more s of action.... The last stage in Decision-Making process involves implementing the decision (Bateman & Snell, 2007).... The third stage in decision-making is to evaluate the existing alternatives and the fourth stage is to make a choice....
1 Pages (250 words) Essay

Decision Making Process

This essay analyzes that human conduct was thought to be the result of a Decision-Making process in which the costs and benefits of choices are weighted to maximize utility.... Instead, they developed different mathematical models and techniques to help understand the decision making process....
14 Pages (3500 words) Essay

Consumer Decision Making Process

The "Consumer Decision Making Process" paper is a critical analysis of the aspects of the consumer Decision-Making process and an evaluation of how they are changing as consumers' consumption patterns evolve.... hellip; The consumer Decision-Making process is the procedure that is followed by consumers leading to the purchase of commodities in the market.... There are several models that are used by marketers to identify the aspects of the Decision-Making process....
8 Pages (2000 words) Term Paper

Consultative Decision-Making Process

The author of the paper "Consultative Decision-Making process" argues that since all the employees are at stake as s\he is worried about their pocketbooks and their future with the company, hence it is important to make them a part of the Decision-Making process.... I would use a consultative Decision-Making process.... hellip; Consultative decision-making becomes important when the decision to be made affects more than one person....
1 Pages (250 words) Essay
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