Organizational Decision

Ordained Minister’s Online Guide to Mentorship, Pastoring, Personal & Leadership Development

 

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).

 

Behavioral decisions:

 

Pages: First |1 | 2 | 3 | ... | Next → | Last

Do NOT follow this link or you will be banned from the site!