Decision Making Theory & Process

This research provides an overview of decisionmaking theory and the decisionmaking process. Emphasis is placed on the making of decisions under conditions of risk and uncertainty.

In the early1970s, scientific approaches to decisionmaking were introduced, as tools with which organizational leaders could (1) minimize the effects of risk and uncer tainty in the development and implementation of strategy, and (2) optimize outcomes in the conduct of operations.1 While not yet commonplace as some other managerial tools, the various manifestations of scientific decisionmaking are well established.2

Decisionmaking in organizations has been described as a process of behavior with the economic model (or total ration ality) at one extreme, and with the social model (or complete irrationality) at the other extreme. This description implies

1R. S. Clark, "The Strategic Planner's Toolbox," CA Magazine, 120, July 1987, 28.

that only irrational decisionmaking accords human values precedence over economic values.3 In the organizational environments of the early1990s, leaders must find some middle ground between these extremes, for it is evident that neither set of values can be ignored. In many organizations, administrators and managers have been confronted with the tasks of making severe, undesirable, and unpleasant cuts of personnel and services in a hasty manner, because, in part, the



Related Essays

Group Decision Making TABLE OF CONTENTS .... 2) Gantt planning, (3) team maintenance, and (4) game theory. Two characteristics of group decision making are the most significant advantages of the process. .... (4867 19 )

Decision Making Within Organizations .... making in organizations has been described as a process of behavior .... Much of the contemporary research in decision making theory and practice emphasizes the .... (2016 8 )

CULTURE CARE THEORY Caring is central to the prac .... The culture care theory enhances the clinical decision making process by assuring that the various factors affecting clinicians and patients in the several .... (1589 6 )

Group Decision Making .... decision making process. REFERENCES Cox, A. (1982). The Cox report on the American corporation. New York: Delacorte Press. Daft, RL (1986). Organization theory .... (3203 13 )

Process of Learning in the Business Organization .... which is more specific in its emphasis on control and decision-making as a .... Much of administration theory is dedicated to analyzing the process of change and .... (1593 6 )

Category: Psychology - D
Common Topics
Click Here to Get Instant Access to over 32,000 Professionally Written Papers!!!
Join Now  
Saved Papers  
Save your essays here so you can locate them quickly!
"I love this site!!!"
Marie H.
"Thank you for making such a high quality site! Your papers are the best I have seen around"
Debbie B.
"Your site was very helpful and gave me the details I needed in order to complete my essay!!!"
Mike F.
"This site is an excellent vehicle for quick referrences. Thanks a bunch!"
Carla T.
"Great site, I got a lot of new ideas I would have never thought of before."
Nate A.
Copyright © 2007 - 2014 Lots of Essays. All Rights Reserved. DMCA