The Decision-Making Process

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Table of Contents Introduction 1 Traditional Decision-Making Process 1 Making Rational Decisions 2 Problem Definition-Rational 3 Identify Decision Criteria-Rational 3 Weight the Criteria-Rational 3 Generate the Alternatives-Rational 4 Evaluate the Alternatives-Rational 4 Select the Optimal Solution-Rational 4 Making “Good Enough” Decisions 4 Making Intuitive Decisions 4 Making Creative Decisions 5 Global Decision Making 5 Ethical Decision Making 5 Key Aspects of the Management Process 6 Decision-Making in Today’s Changing World 6 Global Managerial Decision Making 7 Effective Global Manager 7 What It Takes for a Manager to Be Effective in a Global Scope: 8 Conclusion 8 References 9 introduction Decision making plays a central role in management; for some people, management is decision making. However, there are good and bad decision makers in every culture. Good decision makers in every culture are those who learn not only to cope with the ambiguity and uncertainty of reality, but to thrive on it. Historically, managers were able to successfully base their decisions solely on their own experience and their own culture; today such a circumscribed domestic perspective no longer works. When dealing with a diverse group of employees, guaranteeing the ethicality of organizational behavior will necessitate special effort. This is due to employees with various backgrounds or demographic individualities may differ in their standards of ethics. Males and females appear to have alike standards when judging the ethicality of monetary issues but differ on issues such as the ethicality of breaking organizational behaviors. Decision making refers to making choices among alternative courses of action—which ma... ... middle of paper ... ...t requires simultaneously recognizing situations in which demands from both global and local elements are compelling, while combining an openness to and awareness of diversity across cultures and markets with a willingness and ability to synthesize across this diversity. References Adler, N. (2008). International Dimensions of Organizational Behavior. Mason, OH: Thomson Learning. Cohen, S. (2010). Effective global leaership requires a global mindset. Industrial and Commercial Training, 3-10. Jean Brittain Leslie, M. D. (2002). Managerial Effectiveness in a Global Context. Greensboro, NC: Center for Creative Leadership. Nickles, M. (1998). Decision-Making in a Global Environment. Graziadio Business Review, 2-4. SagePub. (2008, March 27). The Manager as Decision Maker. Retrieved from www.sagepub.com: http://www.sagepub.com/upm-data/23126_Chapter_5.pdf

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