Highlight The Main Advantages And Disadvantages Of Individual Versus Group Decision Making. Discuss The Main Factors Affecting Decision-making Processes In Organisations. How Can Managers Ensure Effective Decision-making?

Highlight the master(prenominal) advantages and disadvantages of individual versus group decision making. Discuss the principal(prenominal) factors affecting decision-making wreakes in organisations. How potentiometer managers ensure effective decision-making? January 2001, go over Count: 3113. ¡§Decision making is the member of making a choice between alternates¡¨ Rollinson (1998). Decision-making is almost universally defined as choosing between resources within an organisation. It is both an objective and subjective process involving both the identification of goals and formulating an orderly process for attaining them, but in like manner the actual decision makers¡¦ characteristics and traits may promote expendancy shortcuts and excepting less than standard alternatives. It should further be noted that in accordance with Minzberg and his conceptualised by trial and error based three stage phases of decision making: identification, maturati on and selection, he deduces that it is also a dynamic process as there are continuous ¡¥feed-back¡¦ loops in each of the phases. ¡§Feed-back loops arsehole be caused by problems of timing, politics, disagreements among managers, inability to identify an appropriate alternative or implement the solution, turnover of managers, or the sudden extract of a new alternative¡¨ Herbert A Simon (1955). Decision-making is one of the beginning(a) special responsibilities of management and executives alike at all levels of the rail agate line organisation, and is instanter related to all of the traditional management functions.

afterwar! d it is adhered to be one of the riskiest and toughest purposes that managers have to undertake. The quality of a managers¡¦ decisions directly set up his or her career opportunities, rewards and job satisfaction, but more than conspicuously the resulting decisions contribute to the success or potential also-ran of an organisation. unstable decisions have the potential to irreparably damage a line of work or career. Decision-making is a sequential process quite an than a series of steps, and should be thought of by managers as a means rather than ends. Best decisions¡¦... If you want to agitate a full essay, order it on our website: OrderCustomPaper.com

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