Managerial Decision Making

Managerial Decision Making

Introduction

Individual versus Group Decision Making

Individual Decision Making

Decision making done individually accentuates the carrying forth of the process without feedbacks and ideas from members in a group. As such the decision making is inherently individualistic. The discussed form of decision making is a traditional methodology. It works successfully for a manager who does not have to consider group dynamics in the decision making process.

Group Decision Making

Decision making through a group based process essentially utilizes two primary models. These are models of consultation and of consensus. Decision making based on a consensus model, posits various available option choices to ...