Decision making oversight lumen learning

  • How is decision-making important in leadership?

    Making decisions, and supervising those who make decisions beneath you, are two basic tasks of leadership.
    A well-crafted decision helps your organization move in the right direction and systematizing how these decisions are made can ensure that the choices made are the best ones for your group..

  • What is decision-making in knowledge management?

    246) and a decision process is “a set of actions and dynamic factors that begins with the identification of a stimulus for action and ends with the specific commitment to action” (p. 246).
    Clearly, decision making is at the heart of effective and responsible management for individuals and organizations..

  • So, to avoid it, reflect on your decision-making history, and think about whether you've rushed to judgment in the past.
    Then, make time to make decisions slowly, and be ready to ask for longer if you feel under pressure to make a quick decision.

Are there unrealistic assumptions in a decision-making model?

Despite all its benefits, you may have noticed that this decision-making model involves a number of unrealistic assumptions.
It assumes that people understand what decision is to be made, that they know all their available choices, that they have no perceptual biases, and that they want to make optimal decisions.

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What is a structured decision-making process?

Structured decision-making processes include:

  1. rational decision making
  2. bounded rationality
  3. intuitive
  4. creative decision making

Each of these can be useful, depending on the circumstances and the problem that needs to be solved.
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What is the intuitive decision-making model?

The intuitive decision-making model argues that, in a given situation, experts making decisions scan the environment for cues to recognize patterns.
Once a pattern is recognized, they can play a potential course of action through to its outcome based on their prior experience.

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When should a decision-making model be used?

This model of decision making is often used when there are high levels of uncertainty or complexity around a particular problem, or when the decision is novel and the managers don’t have past experience with this kind of problem.


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