MIDLAND BAROMETER COMPANY

Midland Barometer Company

Midland Barometer Company

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Decision Making Styles

The decision making of all the three directors of Midland Barometer Company are dissimilar as William is defensive, Harry has analytical style and Imran is a risk taker. Decision making can be of different types, decisions regarding organizational, business planning, and motivation techniques and so on. It is observed that decision making styles differ in two fundamental ways that are how to use the information and how to create alternatives. When it comes to the use of information, some people prefer to weigh large amounts of data before making any decision (Lawrence, 2008, 59-66). In the management literature, these people called maximizers. Harry is the maximizers, he do not rest until he is sure that they have found the best answer possible. The result is an informed decision, but could have a cost in terms of time and efficiency.

Harry with his analytical style of management to use different uncertainties to accept challenges. They prefer to consider many options; they make every effort to achieve the best in the result of fluctuations. They like the diversity searches. They are good and the observatory in abstract situations.

Each director has a style when they make decisions. Whether their style is logical or creative, the method must be rational and simple. Good managers do not allow decisions or the results are affected by personal circumstances.

Intuition

Imran's decision making is based on intuition. It is believed that emotion, imagination, intuition, and creativity are located on one side of the brain and the other lies the logic, language, math and analysis. Although people tend to have a dominant side that does not mean that executives divided into two categories: the executive decides intuitive and spontaneous, creative and logical executive who works in a rational way, based on an opinion given by the data. Whatever the natural style of making decisions, try to always strike a balance between the two powers (Kaplan, Robert and Bruns, 1987, 12-36). Imran has always been entrepreneurial; he has always willing to gamble in order to achieve high returns on his financial investments and likes to think of himself as a risk loving optimist.

Defensive

William is basically risk averse and conservative in his approach to solving the business problems, unwilling to take a chance, and can probably be considered as the satisficer. The decision of William is based on the consensus which is a decision process that not only seeks the agreement of most participants, but also aims to resolve or mitigate the objections of the minority to achieve the most satisfactory decision. While consensus means an umbrella agreement, and a process for such an agreement (Maskell & Baggaley, 2003, 42-58). The consensus decision-making is essentially the process. It has been said that true consensus implies meeting the needs of all. The consensus decision-making tries to denigrate the role of factions or parties and promote the expression of distinctive voices. The method also increases the likelihood of unexpected or creative solutions by juxtaposing differing ideas, ...