This paper offers a decision-making procedure for solving complex problems step by step. It presents the decision analysis process for both public and private decision making, using different decision criteria, different types of information and information of varying quality. It describes the elements in the analysis of decision alternatives and choices, as well as the goals and objectives that guide decision making. The key issues related to a decision-maker’s preference regarding alternatives, criteria for choice and choice modes, together with the risk assessment tools, are also presented. 1.
Decision making is an important process that managers have to face in any particular organization. It is the process where decision makers have to make a choice from various options based on their believed (Al - Tarawneh 2012). Several decision processes and model is being used in every decision making. In this paper, the fluid decision process and rational decision model are being discussed with reference with 2 organizations from tigerair Mandala and CapitaLand. Decision making can be categorized into individual decision making and group decision making.
In other words, decision-making means a choice or preference of something among other alternative (Bauer & Erdogan, 2009). In the knowledge of the above definition, it is essential to know that group makes better decisions if the group is diverse. This is because individuals in the group have different experiences and
It has been an open question on whether group decision making is better than individual decision making. Suppose it were true that groups did not perform tasks as well as individuals. There would have been little motivation to form groups at all. Many vital economic, legal, political, and military choices are been created by groups. There's a limit to how much information any one individual can process, and a limit on how many perspectives one person can see.
For example, lack of information or experience can lead to uncertainty which can cause the decision become difficult to do. Lehrer (2009) suggest that the key of making decision is to know when to rely in which system to use as he categorized thinking system in human mind into two classes. One is involving rational and deliberate process and other is involving quick, effortless and emotional process. Therefore, decision makers always found themselves in a very special position in the organization
Making a decision as described by Harris, implies that there are alternative choices to be considered, and in such a case we do not only wish to identify as many of these alternatives as possible but we want to choose the one that best fits with our goals, objectives, desires, values, and so on(Harris, 2012). The study of decision-making has been central to the consumer behaviour literature since the early 1950s (Marcevova, 2011). The process of decision making is one of the most complex mechanisms of human thinking as various factors and courses of action are intervened in it, with different results (María et al, 2007). (Brockman & Russell, 2009) also agrees to the above statement as he notes; Making decisions can be complex because of the large amount of factors that influence the decision making process. Orasanu and Connolly (1993) define this process as a series of cognitive operations that is performed consciously, which include the elements from the environment in a specific time and place.
THE PROCESS OF MAKING GOOD ETHICAL DECISIONS A. Decision Process In Individuals - Decision making can be regarded as a mental process or cognitive process resulting in the selection of an action from among different alternatives. Every decision making process gives out a final choice. The output of the decision making process can be an action or an option of choices. Decision making process involves the following steps: 1.
From this define we can see that the decision making meaning its all about choose an option among different options with studying all of them and decide which one of these options is the right option. In today's world , the decision making is an important rule for each one of us, in order to
On average, new models of cars provide their drivers with protection from injury. However, it is determined by the range of factors including vehicle condition, road environment and driver behavior (http://www.safercar.gov). It is the primary concern of all that safety measures are analyzed whether to buy for new or the used vehicles. So, buyers can access to crash safety rating through internet on safercar.gov, motor trend etc. Bibliography (n.d.).
The nature of logic has a great deal to do with one’s reasoning of thinking, how an individual view or draws an assumption or decision. Many organisations use the formal decision making process, the Managerial Decision Making Process. The managerial decision making process is made up of six steps: setting managerial objectives, searching for alternatives, comparing and evaluating alternatives, the act of choice, implementation and decision and following up and controlling the decision. (Harrison, 1996) “Often it is important to make decision as a package to ensure they reflect relativities and how different decision impinge on each other”. Different options should be compared with each other so that the manager can choose the right option for the task.