Answer To: 3 Context: Workplaces today are changing rapidly in parallel with rapid advances in technology and...
Sayani answered on Aug 10 2021
Running Head: TOPICS FROM MODULES 1
TOPICS FROM MODULES 2
TOPICS FROM MODULES
Workplaces today are changing rapidly in parallel with continuous advancement in the technology and means of communication with teams separated by distance and time. The organisation hence, need to focus not only in the time and space but also in other components of diversity to collaborate effectively for organisational outcomes. Therefore, in such a complex circumstances suitable and applicable decision-making process of a business manager is utmost important.
This report paper has analysed and evaluated the three major concept of decision-making process, which includes Human decision-making, individual vs group decision-making and decision tree analysis. It has put forwarded the ideas and several theories these concepts contain and even highlighted that how these concepts can be applied in analysing the decision in any organisation. Through these concepts, several theories and models about the decision-making process have been discussed in this report finally inferring with a logical conclusion.
Table of Contents
Executive Summary 2
Human Decision-Making Concept 4
Simulation Model of Human Decision-Making Concept 5
Decision Tree Analysis 6
Computation Model 7
Individual Vs Group Decision-Making 9
Advantages and Disadvantages of Individual Decision-Making Process 9
Advantages and Disadvantages of Group Decision-Making Process 10
Decision-making is the process of making choice by identifying the correct decisions, gathering information and assessing alternative resolution. By using the systematic decision-making process, any organisation or other farms can make more deliberate and thoughtful decision by organising relevant and reliable information and defining the alternatives. . Workplaces today are changing rapidly in parallel with continuous advancement in the technology and means of communication with teams separated by distance and time.
The organisation hence, need to focus not only in the time and space but also in other components of diversity to collaborate effectively for organisational outcomes. This report paper will analyse and evaluate three major concept of decision-making process, which includes Human decision-making, Individual Vs Group decision-making and Decision tree analysis. Through these concepts, several theories and models about the decision-making process will be discussed inferring with a logical conclusion.
Human Decision-Making Concept
A decision is an act of choice wherein an executive or the organisation forms a conclusion about what must be done in a given situation and what not to be done. Decision-making can be considered as a problem-solving activity, which is terminated by a solution deemed as being satisfactory. As stated by Groeneveld et al. (2017), human decision-making concept depends on the human behaviour while taking a particular decision. Human behaviour refers to the formation of any physical action that is observable with emotions and is associated with the individual.
These individual experienced their behaviour throughout their lifetime and it includes social norms, culture, faith, belief, attitude, perspectives, conceptions and many more. Organisation solely depends on the staffs or other employees to produce and express their decision-making concepts, which directly emerges from their inner-self, which is guided by the human behaviours. No doubt, while working in any organisation, an individual experiences a lot of challenges and problematic circumstances but that should be dealt tactfully with appropriate decision-making skills.
As stated by Jarrahi (2018), the artificial intelligence has penetrated many organisational processes, which results in the growing fear that smart machine will soon replace the human in decision-making process. As per this source of evidence, along with the data provided in this article, it clearly suggests that, in terms of proactive and pragmatic perspectives, the complementarity of the human along with the artificial intelligence can be highlighted.
These can be examined that how each of them with their strength can contribute in any organisational decision-making process, which should be featured, by uncertainty, complexity and equivocality. Therefore, finally it ended up with the solution that artificial intelligence should be designed with the intention of augmenting the human contribution rather than totally replacing it (Duan, Edwards & Dwivedi, 2019)
Simulation Model of Human Decision-Making Concept
An automatic control theory model can be applied to this concept of human decision-making process, which allows to develop and to improve the decision-making process in term of the specificity of human intellectual in different condition. As per evidence and literature it highlights that the main distinguishing feature between the most common intuitive as well as the rational decision-making model is the presence of the so-called phenomena “enrichment” of the input information of the human behavioural skills and that are propensity, hobbies, expectation, tendencies,...