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Topic 9 - Decision Making Part 2 (Instructor Lab) - For Exam

The document discusses decision-making styles, including rational, bounded rationality, and intuitive decision-making, emphasizing the importance of intuition and emotional signals in the decision process. It highlights the benefits of employee involvement in decision-making and the concept of groupthink, which can lead to errors due to conformity. The document also outlines the advantages and disadvantages of groupthink in team decision-making.

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jafar i
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15 views10 pages

Topic 9 - Decision Making Part 2 (Instructor Lab) - For Exam

The document discusses decision-making styles, including rational, bounded rationality, and intuitive decision-making, emphasizing the importance of intuition and emotional signals in the decision process. It highlights the benefits of employee involvement in decision-making and the concept of groupthink, which can lead to errors due to conformity. The document also outlines the advantages and disadvantages of groupthink in team decision-making.

Uploaded by

jafar i
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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MGMT2010

Topic 9
Decision Making
Course Learning Objectives
(CLO)
CLO4:

Diagnose the impact of leadership style on


decision making and managing change in the
organizations.
We will focus on three types of decision
making
Rational Decision Making
Effective decision makers identify, select, and apply the best possible
decision.
Bounded Rationality Decision Making
We seek a decision that will be good enough, rather than the best
possible decision.
Intuitive Decision Making
We base decisions on our ‘gut’ feelings.
Intuition and Making Choices
Have your ever relied on a “gut feeling” to make a decision?

If you have, we would say you are acting on your “intuition”.


Intuitive Decision Making

Intuitive Decision Making is the ability to know


when a problem or opportunity exists and to select
the best course of action without conscious
reasoning (the process of looking at the
information without bias before making a
decision).

• These emotional experiences may indicate your intuition.


• The gut feelings we experience are emotional signals.
Employee Involvement in Decision
Making
• Involve employees in decision-making.
• Known as participatory decision-making.
• Overall, employee involvement improves decision-
making quality.
• Impacts overall job satisfaction.

To make the best decisions, we need


to involve people who have the info
and are motivated to implement the
decision.
Groupthink
A phenomenon where people tend to conform with
group decision to avoid feeling outcast, leading to
errors in decision-making.
Advantages and Disadvantages of
Groupthink
ADVANTAGES DISADVANTAGES
• Teams make decisions • Decisions are made that
harmoniously and with ignore critical information
little disagreement
• Decisions are made that
ignore ethics or morals
• Decisions can prioritize one
specific goal while
ignoring negative
consequences
What is you Main Takeaway
from Today’s Class?

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