Decision Making

3072 Words13 Pages
Decision making can be described as a process of making a decision or decisions, based on choices made amongst two or more competing course of actions. The ‘Decision making’ also requires making a define choice between two or more alternatives course of actions that are available. In every decision making, there is said to be a positive and negative outcome as future consequence(s). The importance of decision making in individual daily life and in organization level was demonstrated by two scientists, Arkes and Hammond (1992), in ‘Judgment and Decision making’ indentified the four types of information which decision maker requires constructing a decision tree. 1. What are the available courses of action(s)? 2. What are the consequence events that might follow from the identified available actions? 3. What is the likelihood of each event? 4. What is the value of each outcome to the decision maker? Henceforth, in i965, An American Psychologist Herbert Simon also established the essence of why a decision making is indisposed and required to be made. He identified and claimed that there are three essential elements or stages in the decision making process, which are: 1. The Intelligence Activity. 2. The design Activity. 3. The Choice activity. The Intelligence Activity; is also refer to as the ‘Search activity’, which includes fact findings, problem and opportunity sensing, analysis and exploration of available course of actions. If there is no identified need to make a decision, then it is said to be no decision making is required. The Design Activity: Involved formulation of solutions and generation of alternative course of action(s), finding and analyzing the possible courses of action(s). The Choice A... ... middle of paper ... ...vioural knowledge of the team members. Non routine decision is often required to deal with complex decision, which are made at above manager levels, perhaps on a board room level. Such decisions often had a long-time impact on organization. The Rational decision models amongst other several decision making models are developed with the aim to have systematic approaches to solving problems and reaching/ making an informed decisions to problems. Works Cited Scottish Police College, 2010, Diploma in Police Service Leadership and Management, Decision Making, Candidate Support Pack, Scottish Police College, UK. http://en.wikibooks.org/wiki/Systems_Theory/Decision_Structure http://www.scribd.com/doc/53714326/19/TYPES-OF-DECISIONS Read more: http://www.leadership-central.com/Vroom-Yetton-Jago-decision-making-model-of-leadership.html#ixzz1UlV2XaHh

More about Decision Making

Open Document