Facing a situation, you have to decide. For example, the fire surrounds you: What do you do? Jump through the windows and risk to kill yourself or to wait the firemen and risk to be burned to death if they come to late? Every decision that we make or don’t make shapes our future. Everyone tries to make good decisions. However, it is easy to overlook an important factor, miss a desirable option, or base the decision on unreliable information. In addition, fear of making a wrong choice can cause someone to postpone decisions, leading to miss opportunities. A businessperson must have the ability to make decisions under the pressure of time and circumstances. This ability needs a good knowledge of the decision making process.
From a practical point-of-view, of the most important human skills is decision-making. Both at a personal level and in context of organizations, decision-making skill strongly affects the quality of life and success. Decision-making is the process by which a person or group recognizes a choice, gathers information, analyzes the data, and determines the best option to choose. The decision-making process employs high levels of critical thinking skills and problem-solving techniques. Decisions are guided by several factors, primarily the significance of the issue, the impact the decision may have, and the person's or group's morals and cultural norms. For less significant decisions that have little impact, people might not invoke the higher thinking skills that theorists expect (Decision-Making 2015). Flipping a coin, hoping for a miraculous sign, following the crowd, or by passing the responsibility to someone else are all means of making decisions. For more important decisions with greater impact, people often employ more advanced thought processes like those demonstrated in decision-making models by social psychologists and behaviorists.
Most theories accept the idea that decision-making consists of a number of steps or stages such as improving creativity, critical thinking skills, and problem solving techniques. It is well recognized that routine cognitive processes such as memory, reasoning, and concept formation play a primary role in decision-making (Decision-Making 2015).
Leaders know in their gut that creativity and innovation are the life blood of their o...
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...d are seldom subject to critical review. As a result, managers frequently have a difficult time improving their decision-making capacity.
Good business decisions are the heart of a successful organization. Without a process decisions may be made by the most powerful or influential person in the group or not made at all. Good decision-making is a balance between getting the most of what we want with as little risk as possible. It means that we include the right people and use a process that encourages participation while keeping or focus clearly on the decision at hand. This allows people to make the decision with a high degree of confidence and efficiency.
Critical Thinking Skills. (2015). Web. March 7, 2015 http://www.everesttraining.com
Decision-Making. (2015). Web. March 7, 2015 http://tip.psychology.org/decision
Problem Solving and Decision Making. (2015). Web. March 8, 2015 http://www.cob.tamucc.edu/rallen/
Tubbs, S.L. (2004) A Systems Approach to Small Group Interaction. New York: McGraw-Hill Publishing Corporation.
Welch, D. (2001). Decisions, Decisions: The Art of Effective Decision Making New York State. Prometheus Books.
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