Organizational Decision Making
D. Holland, D. Maddox, M. Mooney, A. Powers, M. Reynolds
Herein is a summary of major research findings regarding the subject of decision making within groups and organizations.
Making organizational decisions is a complicated matter that can be mastered through prototypical approaches and understanding of hindrances.
This presentation will examine two standard approaches:
1) Behavioral Decision Making, an approach that considers social equity and behavioral tendencies to make best use of the circumstances at hand (Geller, 2009; Robinson & Kerr, 2009; Howell, 1966).
2) Strategic Decision Making, an approach that uses quality information, tools, and protocol to make good decisions (Gudonavicius, Bartoseviciene & Saparnis, 2009).
In ODM, probably the most difficult decision are those with the greatest risks.
High Stakes Decisions (HSD) are such that usually contain a large potential loss of some resource (tangible or intangible) with few options to reverse the decision (Kunreuther & Meyer (2002).
It is better to approach HSD with the council of a group that undergoes continued training (Proverbs 24:6; Blinder & Morgan, 2005; Brodbeck, Kerschreiter, Mojzisch, & Shulz-Hardt, 2007).
It is also important to note that heuristics often result in biases that hinder effective ODM (Das & Teng, 1999).
In all of these things, it is most important that believers rely on God to assist them in making decisions (Pro 16:25).