Highlight the key advantages and disadvantages of individual vs group decision making. Discuss the main factors influencing decision-making processes in organisations. How can managers ensure successful decision-making? January 2001, Expression Count: 3113.
ВЎВ§Decision producing is the technique of making a choice among alternativesВЎВЁ Rollinson (1998).
Decision-making is almost universally defined as choosing between alternatives within an company. It is the two an objective and subjective method involving both the identification of goals and formulating a great orderly procedure for obtaining them, nevertheless also you see, the decision makersВЎВ¦ characteristics and traits may promote expendancy shortcuts and excepting lower than ideal alternatives. It should additional be observed that according to Minzberg fantastic conceptualised empirically based three stage levels of making decisions: identification, development and selection, he deduces that it is also a dynamic process as there are continuous ВЎВҐfeed-backВЎВ¦ spiral in each of the phases. ВЎВ§Feed-back loops may be caused by problems of time, politics, disagreements among managers, inability to spot an appropriate alternative or put into practice the solution, turnover of managers, or the immediate appearance of the new alternativeВЎВЁ Herbert A Simon (1955).
Decision-making is one of the foremost principal responsibilities of supervision and professionals alike at all levels of the business organisation, and is also directly associated with all of the classic management functions. Subsequently it is adhered to be one of the riskiest and toughest purposes that managers need to undertake. The standard of a managersВЎВ¦ decisions directly effects his / her career opportunities, rewards and job fulfillment, but more prominently the resulting decisions contribute to the success or potential failure associated with an organisation. Bad decisions have the potential to irreparably damage an enterprise or career. Decision-making can be described as sequential process rather than a group of steps, and really should be considered by managers as a means instead of ends. Finest decisionsВЎВ¦ result in a chosen remedy produced with full details and in enough time to resolve a well-defined problem. Rollinson (1998) identified a good decision as ВЎВ§ВЎKOne that helps enhance the performance with the organisation, not really hinder its progressВЎВЁ.
Simon (1960) shows that you can split decision-making in to two classes: programmed; routine types. Existing norms, guidelines, laws and regulations have previously recently been defined and enforced, and non-programmed where decisions held in hand happen to be novel or perhaps unstructured. In contrast to programmed decisions there is no set procedure to follow along with as they are usually complex and have high top priority of importance, they therefore need special treatment as they have got a higher propensity of risk. Ideally, the main concern of top rated management should be the latter, with senior mangers handling designed decisions.
Hickson (1986) explains decision-making procedures in terms of three types, Sporadic; information is definitely clearly discontinuous and distributed, as characterised by many types of experts the caliber of information readily available varies greatly, with high amounts of informal interaction. Secondly Substance; decisions are reached relatively quickly, in the end because the decision-makersВЎВ¦ hold formal meetings, which help retain energy thus the process runs effortlessly. And additionally Constricted. Info is somewhat discontinuous in the firm and ВЎВҐnarrowly channelledВЎВ¦ rather than dispersed, but data is available without having to hold formal meetings to derive a choice.
It is nonetheless predominantly evident that a majority of individuals securely believe that group decision making is definitely far better than individual decision making, due to the extra wealth of expertise and expertise a pool of people would possess over an individuals knowledge. However exploration suggests that this actually be based upon the situation, together with the key...
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