It also explains what can stop you making an effective decision, including too much or too little information, and not really caring about the outcome. Business Week Online. Flexibility refers to how different the ideas are from one another. 2. In fact, the availability of too much information can lead to analysis paralysis, where more and more time is spent on gathering information and thinking about it, but no decisions actually get made. It is widely believed that management at its core is basically making decisions. If there was only one option no decision would be necessary. Sometimes the most important part of making a good decision is making sure you’re asking the right question. 2. fully understood then incorrect decisions can be made. Why decisions fail. al., 2007).” Moreover, you may not always be interested in reaching an optimal decision. Differences Among Learners. Contingency Approaches to Leadership, 10.6 Contemporary Approaches to Leadership, 11.2 Case in Point: Bernard Ebbers Creates Biased Decision Making at WorldCom, 11.6 Developing Your Personal Decision-Making Skills, Chapter 12: Communication in Organizations, 12.2 Case in Point: Edward Jones Communicates Caring, 12.7 Developing Your Personal Communication Skills, 13.2 Case in Point: General Electric Allows Teamwork to Take Flight, 13.4 Understanding Team Design Characteristics, 14.2 Case in Point: Zappos Creates a Motivating Place to Work, 14.5 Developing Your Personal Motivation Skills, 15.2 Case in Point: Newell Rubbermaid Leverages Cost Controls to Grow, Chapter 16: Strategic Human Resource Management, 16.2 Case in Point: Kronos Uses Science to Find the Ideal Employee, 16.3 The Changing Role of Strategic Human Resource Management in Principles of Management, 16.5 Effective Selection and Placement Strategies, 16.6 The Roles of Pay Structure and Pay for Performance, 16.7 Designing a High-Performance Work System, 16.8 Tying It All Together—Using the HR Balanced Scorecard to Gauge and Manage Human Capital, Including Your Own. They don’t decide between two or three options and choose the best one. Klein, G. (2003). In addition to the rational decision making, bounded rationality models, and intuitive decision making, creative decision making is a vital part of being an effective decision maker. It also allows the manager to see any potential risks or barriers to the successful, completion of the task, project. This is the “eureka” moment similar to what happened to the ancient Greek inventor Archimedes, who found a solution to the problem he was working on while he was taking a bath. Immersion is the step in which the decision maker thinks about the problem consciously and gathers information. Individuals throughout organizations use the information they gather to make a wide range of decisions. ML-15-Principles-of-Leadership-and-Management-section 2.docx, unit 2 - Communicate work-related information- questions.docx, Plan Academy Earned Value Management Formulas Cheat Sheet, To investigate Major Impacts of Multicultural Diversity of Employees on Organization conflicts 1.doc, Principles of people managment section 5 6 - amended.docx, Principles-of-equality-and-diversity-in-the-workplace.docx. If they run through the mental model and find that the solution will not work, they alter the solution and retest it before setting it into action. al., 1994; Keith, 2008; Pearsall, et. Scott, G., Leritz, L. E., & Mumford, M. D. (2004). New York: Houghton Mifflin; Whyte, G. (1991). Ireland, R. D., & Miller, C. C. (2004). (2006, January). Toward a theory of organizational creativity. Mahwah, NJ: Lawrence Erlbaum. Harvard Business Review, 18–23. 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