About This Chapter
Individual Decision Making in Organizations - Chapter Summary and Learning Objectives
The way an individual makes a decision may not seem like an organizational issue, but in actuality it can have a great impact on the behavior of an organization. Lessons in this chapter will cover various methods of decision making and help you to relate that to organizational behavior. Some of the specific topics covered in this chapter include:
- Steps in the rational decision making model
- Intuitive decision making
- Directive, analytical, and numerous other decision making styles
- How overconfidence and randomness errors impact decision making
|The Rational Decision Making Model: Steps and Purpose in Organizations||Examine the model and its steps.|
|Intuitive Decision Making in Business and Management||Analyze how to use this type of decision making.|
|The Vroom-Yetton Leader Participation Model: Rethinking Business Decision Making||Find out about this model and how it relates to organizational behavior.|
|Decision Making Styles: Directive, Analytical, Conceptual and Behavioral||Discover the different decision making styles.|
|Common Biases and Judgment Errors in Decision Making||Explore biases, including overconfidence, anchoring, confirmation, availability, escalation of commitment, randomness error, risk aversion and hindsight.|
1. The Rational Decision Making Model: Steps and Purpose in Organizations
Managers often rely on fact-based analytical decision making. Rational decision making can be very beneficial in the business world and differs from intuitive processes in several ways. Learn more about both decision-making tools, and find out which process provides the best solutions.
2. Intuitive Decision Making in Business and Management
Managers often rely on patterns and intuition to make quick decisions. Intuitive decision making can be very beneficial in the business world and differs from rational processes in several ways. Learn more about both decision-making tools and find out which process provides the best solutions.
3. The Vroom-Yetton Leader Participation Model: Rethinking Business Decision Making
Leaders in an organizational environment have to make decisions daily. The Vroom-Yetton-Jago Normative Decision Model helps explain when and how to have employees participate in decision making.
4. Decision Making Styles: Directive, Analytical, Conceptual and Behavioral
Every leader prefers a different way to contemplate a decision. The four styles of decision making are directive, analytical, conceptual and behavioral. Each style is a different method of weighing alternatives and examining solutions.
5. Common Biases and Judgment Errors in Decision Making
In order for companies to be successful they have to be able to learn from their mistakes. One way they can do that is to identify biases and errors that might occur during decision-making.
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Other chapters within the Business 107: Organizational Behavior course
- The Evolution of Organizational Behavior
- Management and Organizational Behavior
- Foundations of Individual Behavior
- Personality and Behavior in Organizations
- Emotions and Moods in the Workplace
- Attitudes and Values in the Workplace
- Perception and Attribution
- Employee Motivation
- Workforce Diversity
- Organizational Communication in Business
- Groups and Work Teams
- Group Decision Making
- Conflict in the Workplace
- Leadership in Organizational Behavior
- Leadership Styles in Organizational Behavior
- Organizational Structure and Design
- Job Design
- Organizational Culture
- Organizational Change and Organizational Behavior
- Career Management
- Studying for Business 107