Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Speech about decision making
Influence of pressure groups
Rational Decision Making Model by cocacola
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: Speech about decision making
Introduction The decision is to select an action among a number of actions that solves a given problem, that prevents a problem from happening, or that forces to apply new ideas for development. The need for understanding decision making process is increasing because the complexity of modern organizations is increasing, and because the modern organizations' effectiveness depends on the decisions made by the managers. The question is how to select the most appropriate action to solve the problem satisfying all stakeholders. Many methods have been developed to simplify the decision making process. In this paper, the rational model of decision making will be discussed first. Then, some of the factors that cause deviation in the rational model will be clarified. Rational Model of Decision Making Process The reason of discussing this model of decision making process first is because this model is considered the ideal method of making decisions for the organizations. It assumes that individuals usually maximize entrepreneurs, and that the decisions are accomplished by a step-by-step procedure which is both logical and linear. To make a decision according to this model, it is necessary to start from the beginning by collecting all related information . Then, this information has to be analyzed and then all solutions are suggested. These solutions are then analyzed and all of the negative and positive outcomes of each of them are considered according to criteria for comparing these solutions to finish with the best decision. The rational model does not put any limits for time or cost needed to reach the ultimate goal. Its main purpose is to come up with a decision that would maximize the profit, and that would comply other pre... ... middle of paper ... ...beliefs of the group, to make sure that will not disrupt the consensus of the group as a whole. This pressure often takes the form of urging the dissident member to remain silent if the one cannot match up one's own beliefs with those of the rest of the group. Type of leadership skills and practices can lead to the deviation of the rational model of the decision making process. The group pressures the help to maintain a group's illusions are sometimes fostered by various leadership practices, some of which involve subtle ways of making it difficult for those who question the initial consensus to suggest an alternative and to raise critical issues. The group's agenda can readily be manipulated by a suave leader, often with the tacit approval of the members, so that there is simply no opportunity to discuss the drawbacks of a seemingly satisfactory plan of action .
In order to address the above components, five decision making steps have to be put in place, these are; being attentive, being intelligent, being reasonable, being responsible, and being reflective. The first step, being attentive, involves evaluating the whole situation and coming up with the data and information about the problem at hand. In so doing the following questions are viewed; what facts to bear in mind, what direction to take so as to get the expected solution, and what is the main issue to work on. In the second step, being intelligent, the information is clearly studied to determine whether the collected data is revealing the correct details concerning the problem. Determine the stakeholde...
According to the definition, this classical model leads to an optimal decision, assuming the full availability of information, sufficient time, and the rationality of the decision maker (Neck, Lattimer, Houghton, 2014). The classical model assumes that the decision makers can make a reasoned judgment about the situation based on gathered information and a detailed analysis to generate possible outcomes. For Ticketmaster, the CEO had enough information gathered about why the customers were angry and unsatisfied with the way Ticketmaster’s ticket purchasing process ran, and therefore, he carefully analyzed the problem and the alternatives to make an appropriate decision to inform customers upfront about the cost of the ticket. He also, preferred the customer-friendly model and got recognition as a fun-centered e-commerce
This paper explores the legal, ethical and moral issues of three healthcare colleagues by applying the D-E-C-I-D-E model as a foundation of decision making as found in Thompson, Melia, and Boyd (2006). Issues explored will be those of the actions of registered nurse (RN) John, his fiancé and also registered nurse (RN) Jane and the Director of Nursing (DON) Ms Day. Specific areas for discussion include the five moral frameworks, autonomy, beneficence, Non – maleficence, justice and veracity in relation with each person involved as supported by Arnold and Boggs (2013) and McPherson (2011). An identification and review of the breached code of ethics and the breached code of conduct in reference with the Nursing, Council, and Federation (2008) will be addressed. Lastly a brief discussion on how the three schools of thought deontology, teleology and virtue had effects on each colleague (McPherson, 2011) .
Delegating leadership responsibilities to in-groups poses a challenge of building a strong structure with a clear understanding of procedure. On the other side, if the leader cuts followers out of the decision making process, the newly formed relationships will suffer. The Normative Decision Model offers a recommendation for the ways leaders “adjust their decision style depending on the degree to which the quality of the decision is important and the likelihood that employees will accept the decision (Nahavandi, 2015).” An easy first step for leaders is to understand how many people will be effected by the decision (Nahavandi, 2015). Does it only concern an individual or is the whole group going to be impacted? Using the decision tree on page 76 of Nahavandi’s The Art and Science of Leadership (2015), leaders can effectively identify the appropriate decision style needed. A leader must adopt an autocratic style when the quality of the decision is not significant, when employees disagree, and when the employees don’t see eye to eye with the organizations goals (Nahavandi, 2015). While a consultative style is necessary when the employees will hold the responsibility of implementation; especially when employees agree with the overall goals of the organization (Nahavandi, 2015). Finally, “group oriented decision style should be used when the leader does not have all the information, and
The idea of rational expectation was introduce by Grunberg and Modigliani (1954) and later by Muth (1961), the main them was that prediction of economic event like, weather forecast can affect the economic event. Similarly the expectation of an increase in prices can affect the most of economic agent decisions. The rational expectation can also affect the customer’s behavior while taking the decision. Since the customers have full information about the hotel and its price and he can change his/her booking decision while found any change in price. For example in vacation the hotel booking price usually increases while off the vacation their price is relatively lowered. Similarly on the weekends the hotel booking price is
Particularly, two members within my group began to emerge as leaders due to their knowledge, skills, as well as experience working with our chosen population. Although I always view them as ‘experts’ in this topic, our group became less focused on our goals and more concerned about the ‘power struggle’ between our two leaders, before we could reach any consensus. Essentially, our group had two authoritarians butting heads and trying to take lead throughout the beginning of the group process. Thus, the other members or ‘followers’ contribution, like mine, seem to not matter unless they adhered to either leaders’ opinions without question. According to Stringer (2014), “Leadership… Is defined according to its function of facilitating organizational and operational processes, rather than defining and controlling them” (p. 31). The researcher further states that active participation is the key to encourage and motivate group members to invest their time and energy to shape the quality of the group's production. Therefore, our group needed to find ways for all members to have a chance to participate fully and apply their individual strengths, in order to enhance our group’s
Decision making is a task which needs utmost balance on the part of the leader. One sided decisions when team input is necessary or resources going into a lot of group decision making process when the decision itself is not so crucial can turn out to be big result influencing part of the outcomes of a leadership experience. Leadership demands a lot of adaptability where the style of leadership to be followed, a complete leader driven or group driven is to chosen based on the type of decision to be taken and the situation in which the decision is to be taken.
Some decisions prove to be vital and any miscalculation that may be involved may prove dire for the individual or the organization. In identifying the criterion to use while evaluating different decisions, many factors pertaining the structure should be considered. The pros and cons of every decision made should be evaluated to ensure that the option chosen has the most positive effect on the individual and the organization. Some of the activities that may require keen decision making include project development, finance and operations. With the knowledge attained it will be easier to cope with tough decisions that may come up in my career. Decision making models may be generated to give an in depth view to the problem and also provide critical analysis ability. It is also vital noting that for those in managerial positions, they face a bigger task in decision making. A good understanding of the business function and structure will provide an in depth knowhow to those that have studied the
Managers should be ready to teach the importance of decision-making skills and reinforcing organizational policy. Avoiding hasty, careless decisions, which can have devastating results on the manager's unit or the entire organization. Decisions made with forethought, using the many managerial tools available will lead to better and more profitable operatio...
Life is full of decisions. Some decisions are trivial. Should I choose paper or plastic at the grocery store? Which of the 31 flavors of ice cream should I pick? Other decisions are vital. Should I get married to her or should I take this new job? Your decisions may affect many people or only yourself. In this paper I will present a decision-making model. I will describe a decision that I made at work using this model and how critical thinking impacted that decision.
In this picture, David Easton tried to give an understanding how the decision is made. The process start from the input which input is coming from environment, and through demands and support, the input get into the political system. In the political system, the input is preparing to
An employee does an unsatisfactory job on an assigned project. Explain the attribution process that this person's manager will use to form judgments about this employee's job performance.
Therefore, to achieve this objective, managers have to make choices in decision-making, which is the process of selecting a course of action from two or more alternatives (Weihrich & Koontz; 1994, 199). A sound decision making requires extensive knowledge of economic theory and the tools of economic analysis, that are directly related in the process of decision-making. Since managerial economics is concerned with such economic theories and tools of analysis, it is very relevant to the managerial decision-making process.
Making decisions is an important part of our everyday life. Decisions define actions and lead to the achievement of goals. However, these depend on the effectiveness of the decision-making process. An effective decision is free from biases, uncertainties, and is deeply dependent on information and critical thinking. Poor decisions lead to the inability to achieve set objectives and could lead to losses, if finance is a factor. Therefore, it is important to contemplate about quality and ways to achieve it in decision-making, which is the focus of this paper. The purpose is to look into the needs of decision-making, including what one should do and what one should not do.
Rational decision making is one of the most common problem solving methods and can be used to solve almost all problems. Rational decision making and problem solving processes can be explained in a logical manner. Effective leaders use rational decision making processes to identify the problem, think up solutions, evaluate alternatives along with select a solution, implement and evaluate the final solution. In rational decision making leaders analyze the problem to achieve the most efficient choice through different possible alternatives from different scenarios before making a selection.