Chapter 8 INC - Chapter Eight Decision-Making Processes...

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Chapter Eight – Decision-Making Processes Some points to remember Centralized Vs. Decentralized decision making Well-structured Vs. Ill structured problems Perfect versus Bounded Rationality A Rational Decision Making Model Alternatives to Rational Models Maximization or Optimization Anchoring effect Satisficing process Intuitive processes Hindsight
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Common decision making techniques Delphi technique Nominal group technique Brainstorming Pareto analysis Decision trees PMI Cost-Benefit analysis Experientially-based processes Influences on decision-making Organizational culture Nature of the problem Competencies and skills Process issues Selected technique/methods Small group decision making Phased models Multiple sequence models Unitary sequence path Complex cyclic path Solution-oriented path Functional theory of group decision making Participation in Decision making The affective model
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Chapter 8 INC - Chapter Eight Decision-Making Processes...

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