Decision making Essay Example For Students

Decision making Essay There is always a point in time where everyone has to a make an important decision in there life. Whether its buying a home, taking your company in a new direction, or choosing a college, making an important decision can be very difficult. When it comes to making these important decisions, in order to come up with the best or most logical decision one must follow a Decision making Essay model in some way. Not everyone thinks the same, so therefore there is no such think as just one universal decision making model. Everyone has there own views and follows a different guideline when it comes to making a decision. Druker goes on to explain that a decision is a judgment and, as such, is rarely a choice between right and wrong. At best it is a choice between almost right and almost wrong. Paul Moody (1983), has written in his book, Decision Making, that, if a company has a long-standing policy of acting in a certain situation in a particular way, then it is easy to make a decision that is consistent with past history. However, if an organization is very volatile and a historical pattern has not been established or if the nature of the decision is such that actions are highly dependent on the factors known to only higher-level personnel in the organizationthen the decision assumes major importance. He further adds that, where the human impact of a decision is great, its importance is great. This is particularly true when the decision involves many people. Paul C. Nutt (1989), states in his book, Making Tough Decisions, that, the best that a decision maker can do is follow steps thats increase the prospects of understanding foreseeable risks and prepare for possible outcomes. Most decisions have uncertainty, ambiguity, and conflict. Uncertainty and ambiguity arises when key elements in a decision cannot be characterized. Conflict can stem from ambiguity, or it can result from the disagreements among key parties with stakes in the decision (Freeman, 1983). In the book called Decision making at the Top, Gordon Donaldson Jay W. Lorsch (1983) state that, strategic decisions are not the product of simple economic logic alone. Because these decisions often depend on forecasts of the future events, they involve considerable uncertainty and ambiguity. Corporate leaders desire to assure the survival of their company provides the driving force for their initiatives and strategic choices. James G. March (1994) has written in his book, A Primer on Decision making, that, Organizational decision making is a combination of talk and action. The making of concrete decisions in an organization is an exercise of practical, contextual judgment. Decision making normally presumes commitment, the willingness of decision-makers both to devote time and energy to deciding and to accept responsibility for the uncertain consequences of their actions. Case: At 60, Mr. H L Zutshi, the company president, decided he would retire before the mandatory retirement age of 65. He did not reveal his decision to anyone until he reached 62, and at this time he confided to his best friend and the most powerful board member that he would retire imminently. Mr. Zutshi proposed that Mr. The Ride Essay The summary sums up decision-making in a linear fashion. Whether decisions are very important and affect a lot of people or very small and affect only one person, decisions should be a process. In this linear fashion, the process including framing, deciding, communicating, implementing and evaluating. Each of those words can be identified or referenced to one of the steps mentioned above. Needless .