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  • Essay / Understanding Decision Making - 1812

    The article “Humble Decision Making” by Amitai Etzioni (1989) discusses the idea that decision making has become a very complex process, largely because of the flood of information to which we are exposed and the seeming impossible task of extracting any form of usable data from which a reasonable decision can be made. The article presents various models that have been accepted as usable methods for decision making in this complex environment and proclaims the superiority of humble decision making; otherwise known as adaptive decision making or mixed analysis. The model relies heavily on understanding and accepting human limitations in the decision-making process, where there is often only partial information and limited time to process or analyze the information. The article makes five main points. The first being that although a rationalist approach to decision-making has been shown to be effective in certain situations, it has major limitations. Rationalism holds that decision makers should and could explore all possible paths that could produce the desired results, gather all data regarding the cost and utility of each path, systematically compare all alternatives, and then rationally decide on the best path. The problem with this approach, as psychologists argue, is that, at best, the human mind can only focus on eight facts at a time. The human ability to spontaneously calculate probabilities, especially when multiple probabilities are involved, is low and we have been shown to learn much more slowly than necessary to manage the complexities required for important decisions. This is proven by the fact that we make the same mistakes over and over again and make adjustments...... middle of paper ...... with my personal belief structure I cannot put into works this particular solution. This would create a position of imbalance and hypocrisy within my life that would impact every other aspect of my life, both personal and professional. My Christian beliefs are a non-negotiable aspect of my personality that can be turned on or off depending on the circumstances. They are who I am and my way of life; personal and professional.ReferencesChyssides GD, Kaler JH, (1998), An Introduction to Business Ethics, London, ThompsonBusiness Press.Etzioni, A (1998, July-August), Humble Decision Making, Harvard Business Review, P122.Mintzberg H, Quinn J, Goshal S (2003) The Strategy Process (revised European edition), London, Prentice Hall Thompson JL, (2007), Strategic Management; Awareness and Change, London, Thompson Business Press.