Making Decisions Essay Example | Topics and Well Written Essays - 500 words

Making Decisions - act ExampleThese limitations can be in the form of limited information, complexity of the issue, uncertainty, time operational, information available etc. Because of these restrictions, decisions are taken based on what is immediately appropriate rather than the best realizable action. Hence, all possible alternatives are not evaluated before taking any decision and managers tend to encompass a satisficing solution to the problem. In the process, managers tend to use judgmental heuristics, which means the most commonly use ways are chosen as the solution to the problem. The model of decision-making styles identifies two categories namely, value orientation and leeway for ambiguity. From these, four decision making styles emerge directive, analytical, conceptual and behavioral. The five stages of creative process include preparation, concentration, incubation, illumination, and verification. formulate how participative heed affects performance, and also discus s knowledge management and techniques used by companies to increase knowledge sharing. Participative management involves employees in key decision making processes. In this management style, employees are involved in refinement setting, making decisions, solving problems, and making changes in the organization.