Business Research for Decision Making
Rational decision-making is a process of identifying a problem, getting a solution, and then implementing through decision-making model. Every organization makes decisions that are very important to it; however, if the strategies used to make these decisions are not chosen well, then one is likely to make wrong decisions that can be very unhealthy to the performance of the business (Niu& Zhang, 2009). This has to be logically made through an organized approach like goal formation, identification of the problem, find out the method for solving the problem, learn about the alternatives, in case the one that has already failed to be analyzed and make the sound final decision. There are a number of rational decision-making models in business that are discussed by Bazerman and Moore (2009) such as analytic among others. Alternatively, there are other approaches to decision making.
This is where one person who is the manager makes the final decision, and he does not allow for any objection from other members. This method is fast and easy to make since it does not require consultations, as the opinion does not have to go through many processes of discussion before coming to the conclusion. This has many disadvantages whereby those members may be having a better decision, yet it is disregarded therefore the members take the decision made in a more negative way. This method is full of biasness as the decision relies on the authority’s benefits, which may affect the organization positively or negatively (Niu, & Zhang, 2009).
Brainstorming method
This is where the decisions are made from the foundation of the problem; there are many alternatives, which are evaluated before the decision rests on. The members will be free to air out their decisions. However, it takes time to listen and consider everyone’s opinion; hence, it takes more time to come to a conclusion and may lead to a lot of conflict.
Voting method
This is the best when an organization has many opinions to decide on and the only way is to decide by voting on the best. It is good since it allows everyone to cast a vote. This is not biased as it is based on the majority vote. However, this method does not consider the opinion of every individual (Niu& Zhang, 2009).
It is important for every organization to make the decisions, as a leader of any organization; he should expect to make decisions every now and then so that they can benefit the running of the business. Therefore, for such a leader to succeed, he has to know all the different approaches to making decisions so that he can make the best decision. The most important part of decision-making is to have a critical mind. Such a leader has to think critically so that he can manage the unconscious impacts that can influence the process of decision making (Bazerman and Moore, 2009).
References
Niu, L., Lu, J., & Zhang, G. (2009). Cognition-driven decision support for business intelligence:
Models, techniques, systems and applications. Berlin: Springer Verlag.
Bazerman, M. H., & Moore, D. A. (2009). Judgment in managerial decision making (7th Ed.).
Hoboken, NJ: Wiley.
Business Research for Decision Making
It is important for every organization to make the decisions, as a leader of any organization; he should expect to make decisions every now and then so that they can benefit the running of the business. Therefore, for such a leader to succeed, he has to know all the different approaches to making decisions so that he can make the best decision. The most important part of decision-making is to have a critical mind.
Such a leader has to think critically so that he can manage the unconscious impacts that can influence the process of decision making (Bazerman and Moore, 2009). Bazerman and Moore (2009) states that in every organization, the decision made may lead to the success or failure in the organization I have once worked. I can term the method of decision making to be a failure since the method is full of dictatorship and authoritarian.
The method is very biased as the final answer does not consider the opinion of others, yet some may have very beneficial opinions to the success of the organization (Bazerman and Moore 2009). The decisions in my organization are made entirely by the director where there is no room for opinions of the employers; therefore, the decisions made look biased based on the directors benefit, and we feel like being dictated.
The rules and regulations do not consider each individual in the organization. He does not consider the alternatives and believes that he is the best. According to Bazerman and Moore (2009), in the step five and six, which are very crucial in the decision, making, as the alternatives may be important in case the decision made fails.
References
Bazerman, M. H., & Moore, D. A. (2009). Judgment in managerial decision making (7th Ed.)
Hoboken, NJ: Wiley.
