The Nature of Decision Making: Principles of Management
Content Summary Overview
Rational Perspectives on Decision Making: Classical model: A prescriptive approach to decision making that tells managers how they should make decisions. It assumes that managers are logical and rational and that they make decisions that are in the best interests of the organization.
Steps in Rational Decision Making; STEP
1. Recognize and define situation.
2. Identify alternatives.
3. Evaluate alternatives.
4. Select alternative.
5. Implement alternative.
6. Follow up and evaluate results.
Decision making: The act of choosing one alternative from among a set of alternatives.
Decision-making process: Recognizing and defining the nature of a decision situation, identifying alternatives, choosing the “best” alternative, and putting it into practice.
Group and Team Decision Making in Organizations, Forms of Group and Team Decision Making
Interacting group or team: A decision making group or team in which members openly discuss, argue about, and agree on the best alternative.
Delphi group: A form of group decision making in which a group solicits input from a panel of experts who contribute individually; their opinions are combined and, in effect, averaged.
File Category: Management
File Added: Monday, April 26th, 2010
File Source: camcom.ngu.edu
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