Improving Decision Making

Abstract

In this assignment I have discussed the decision making process and the ways to improve decision making, by focusing on the context, environment, and structure of the decisions that are to take. Furthermore the paper also includes the biases in decision making and Sekeran and bougie's research diagram and its explanations.

Improving Decision Making

Introduction

Decision making is the process by which a choice is made between options or ways to solve different situations of life in different contexts such as, at work, family, sentimental business (using quantitative methodologies provided by the administration). Decision making is basically an option to choose from the available options, in order to solve a problem or a potential problem (even if no evidence of a latent conflict). Decision making at the individual level is characterized by the fact that a person makes use of his reasoning and thinking to choose a solution to a problem that comes your way in life, that is, if a person has a problem, it should be able to solve individually making decisions with that particular reason.

In decision making matter the choice of a way forward, so that in an earlier action alternatives should be evaluated. If the latter are not present, there is no decision. The first rule of competent decision-making is to make decisions only in adequate mental state when you are calm, sober in all respects and can focus on the issue to be resolved. Some decisions should be taken immediately, guided only by the intuition. Some require deep analysis and additional information, Use of the technique of “pros” and “cons”, analyze important decisions on the subject, that it was possible to improve both the decision itself, and in the process and methodology adopted.

Discussion

Importance of Making Decisions

Decisions can be classified taking into account different aspects, such as the frequency with which they occur. They are classified in terms of the realities facing these decisions whatever the situation and deciding how to decide.

Scheduled Decisions

Decisions that are taken frequently, that is repetitive and becomes a routine to take them, as the type of problems solved and presented on a regular basis as it has a well-established method of solution and therefore already known steps to address these problems, therefore, are also called structured decisions. The person making such a decision does not need to design a solution, but simply governed by which previously has been followed. Programmed decisions are taken in accordance with policies, procedures or rules, written or unwritten, that facilitates decision making in recurrent situations that limit or exclude other options. (Conger & Xin, 2009)

Unscheduled Decisions

Unscheduled decisions are also called unstructured decisions, these are the decisions made to problems or situations that arise infrequently, or those that require a specific process model or solution, for example: “Launching a new product to market,” in this type decision is necessary to follow a decision-making model to generate a specific solution to this particular problem. Unscheduled decisions address rare or exceptional problems. If a problem has not been presented ...