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  • Essay / Business Decision Making - 1298

    Business Decision Making“Decision making is a process of first diverging to explore possibilities and then converging on one or more solutions. The Latin root of the word decision means “to cut oneself off from all alternatives”. This is what you should do when you decide. (Kotelnikov, 2008). In fact, the decision-making process helps to reduce doubt and uncertainty about alternative choices to enable the individual to choose the best reasonable choice. Additionally, the decision-making process can make the difference between a successful or unsuccessful organization. Therefore, management tries to use the best possible techniques and tools to make the best decision. Most organizations these days seem to think they have the most effective and efficient decision-making process. So, what are the different styles of decision-making processes that organizations have implemented? To answer this question, team members will investigate and observe the most prevalent decision-making processes in their organization. Accordingly, these articles will first compare and contrast the problem identification and formulation styles in team members' organizations. Next, the most favorable aspects of each style will be discussed to describe a process by which a problem can be identified and described to stakeholders in a way that takes their perspective into account. Examples of Decision Making The author of this article spent a few days observing the different decision-making processes used in their work environment. Everyone has observed that no decision-making process is the only one used in their workplace. Although many different decision-making processes were used, it appears that data collection is used by every workplace. Employers also used surveys and another technique designed to reinforce individual support. Dione's employer uses various charts and tables to collect data before making decisions. These charts are used to track the progress of individuals and teams, progress is monitored and changes can be made based on the information gathered. Natacha's employer has an organized plan to properly identify the problem, then collect data and follow up on meetings to ensure appropriate action is taken. Janelle's employer uses surveys to gather information. The survey is carried out at two important key points, once at the start of a change and then again a little later. This allows managers to evaluate the positive and negative aspects of the situation and check for improvements. Stephanie's employer uses a process of meeting with certain people to get the idea accepted..