The Social Side of Decision Making In our group for this assignment we used a few techniques to arrive at a combined agreement. Group Polarization was definitely present in this group‚ so was dictatorship and conformity. The group worked together verbally; since a face to face was not applicable. Moscovici & Zavalloni describe group polarization as a “tendency for a group discussion to amplify the inclinations of group members.” (Moscovici‚ S.‚ & Zavalloni‚ M.‚ 1969). Group polarization creates
Premium Decision making Decision theory Asch conformity experiments
DECISION MAKING In most companies‚ strategic planning isn’t about making decisions. It’s about documenting choices that have already been made‚ often haphazardly. Leading firms are rethinking their approach to strategy development so they can make more‚ better‚ and faster decisions. STOP MAKING PLANS START MAKING DECISIONS by Michael C. Mankins and Richard Steele I S STRATEGIC PLANNING COMPLETELY USELESS? That was the question the CEO of a global manufacturer recently asked himself
Premium Strategic management Strategic planning Management
Psychologist that developed excellent models on ethical decision-making. It is to guide the conduct of psychological science and practice. Among those authors were Canter et al.‚ 1994‚ Rest‚ 1983 and Staal and King‚ 2000. From those models‚ the eight ethical decision-making model was drawn. Ethical decision-making relates to the procedure of assessing and selecting among alternatives in a way that is in accord with moral values. In making ethical judgments and decisions‚ it is essential to recognize and
Premium Psychology Morality Ethics
What is irrational and rational decision making? Well first to understand what each on is individually‚ I believe that you should know what each word means separately. So according to meriam-webster.com‚ rational means‚ “having reason or understanding” (Rational‚ 2009) while irrational means‚ “not endowed with reason or understanding.” (Irrational‚ 2009). Lastly but not least‚ from the Encarta.msn.com/dictionary‚ decision making‚ is “the process of making choices or reaching conclusions‚ especially
Premium Marriage Decision making Arranged marriage
ability to be successful as a marketing manager. This would fall in the A‚ B‚ C ’s of representativeness‚ specifically‚ conjunctive fallacy. Relating A (Hispanic) to B (female) to the candidates success or failure as marketing manager violates‚ as Plous (1993‚ p. 110) states: " a fundamental rule of probability. The conjunction‚ or co-occurrence‚ of two events [e.g.‚ "Hispanic" and "female"] cannot be more likely than the probability of either event alone." The third possibility does not seem to me
Premium Critical thinking Decision theory Cognition
Corporate Strategy and Decision Making Lecture 3: Rational and Administrative Models of Decision The rational decision model Under the rational model of decision making‚ the assumption is made that participants have agreed in advance that making a decision is the right process to follow and that the rules and language of decision making are understood by all. The rational model aims at making optimal decisions on the basis of a careful evaluation of alternative courses of action. Depending on
Premium Decision making Decision theory Flipism
Case Study #2 Ethical Decision Making Model In my opinion‚ I would not take that changes of serving children from my good friends. Even though‚ it under supervision it would still put my job on the line. I would polite say‚ ?no thank you‚? no matter how good it sound‚ it is all about doing the right things. This would be a breach of confidence. Nevertheless‚ these are children with a parent sign consent. Therefore‚ without discussion this with the parent of the children would be an act of confidentiality
Premium Ethics Morality Psychology
Emotional Components of Decision Making My life changing decision which comprised of many emotional components‚ took place in December 2009. I was totally torn and unable to make a decision. In my opinion my final decision resembled Tetlock ’s (1992) definition of a decision maker as a politician. I had to utilize both my cognitive as well as my social interpretations‚ as realistic as possible‚ so as to finalise my decision. I am a registered nurse; I was offered a job abroad in December of 2009
Premium Decision making Cognition Decision making software
Decision-Making Approaches Name Institution Decision-Making Approaches Describe two decision-making approaches managers can use to make the decision for the scenario you selected. There are many decision-making approaches and they all depend on the situation that the decision maker(s) is in. In the second case where there are infection cases in a certain hospital‚ the duty of the administration is to make a decision that makes sure the problem subsides. One of the main approaches that the management
Premium Decision making Cognition Decision theory
1 Problem Statement 3.0 Identifying Decision Criteria 4.0 Allocating Weights to Each Criteria 5.0 Developing/Generating Alternatives 6.0 Evaluating Alternatives 6.1 Potential Solution Evaluation Checklist: 6.2 When should you evaluate potential solutions? 6.3 Criterion – weight matrix 7.0 Selecting the Optimal Decision/Alternatives 7.1 Selection of alternatives 7.2 Pros and Cons 8.0 Implementing the Alternatives 9.0 Evaluation the Decision Effectiveness ABSTRACT This report will
Premium Decision making Decision theory