Management and Organisation Decision-Making Studies

Question: Discuss about the Management and Organisation for Decision-Making Studies. Answer: Section 1 The guided decision-making studies the perspective of various input as well as outputs that are applied to an organization. However, different types of organization execute in different organization whether informal or formal with its interaction with the environment. Bounded rationality is a concept that applies to the organization in terms of decision making where intelligence works in the unavoidable constraints because of unlimited, reliable information, human minds limited capacity as well as limited amount of time. However, the satisficing is often based on choices made in the complex situations (Russell 2016). Intuition in organization decisions making is not a conscious process rather it is justified using logic with a finely tuned psychic ability. However, intuition is an affective and cognitive process that motivates the consummators in accuracy of various information carried on different information (Weaver, Reynolds and Brown 2014). When it comes to risk and uncertainty, these decision-making conditions help in estimating the likelihood the situation with the probable outcomes. These conditions are the basis of decision-making process that no only influence the decision makers style but also evaluates the decisions based on well-structured or poorly structured decisions (Hollnagel, Mancini and Woods 2013). Section 2 The real life situation that can be explained according to the key ideas is that during a scenario while going for an important meeting, some coffee had been spilt on my shirt. However, being the leading manager for the presentation to be given, a proper dressing was required. As a result, to avoid the embarrassing situation, I ran to a nearby clothing store to buy first satisfactory replacement. Nevertheless, because of time restriction as well as opportunity to explore the best-fit shirt, I tried different shirts and sufficed to choosing one to solve the immediate problem. This situation can be termed as a situation based on swift decision under the influence of intuition and bounded rationality. On the other hand, in the event of complex decisions, managers even resort to the immediate opportunity based on their conscious and the existing situation in the organization. One real life example from the business world is of CEO William Smithburg who made different takeover attempts but failed many times until the time he made a quick decision in taking over Snapple and expanding its business under Quaker. Nonetheless, Smithburg did not take further decision as it solved the debt situation at hand. However, based on above examples it can be depicted that decision-making process also involves logic and rationality based on given problems or opportunities and helps in providing solution to instant issues. Blog 2: Lecture Slide 6 Section 1 Globalization is the amalgamation of the worlds people, firms, businesses, and government organization. Globalization customarily helps in closer ties in international trade. The agreements of any organization increases owing to the investments (Edwin and Opara 2015). The increase in investment is one subject that is helped by the enlargement of information technology and communications, which provides a basis for organization management. Organizational culture is a system of apportion of assumptions, effectiveness, and hypothesis, which administers how people behave in organizations. These shared values have a vigorous influence on people and tyrannize on the behaviour and performance of their jobs. Every single organization has its own way of developing and maintaining its unique culture, which provides direction and boundaries for the behaviour of the members of the organization (Xu et al. 2015). The theorists that laid the foundation of managerial decision-making is through bounded rationality and set of actions as well as dynamic factor that not only explores the cases of opportunities as well as threats but as explains the different choice model (Daft 2012). The structure of Simon and Mintzberg model is given as below to understand the efficiency of the decision making process. Table: Decision Making Process Source: (Sadovykh, Sundaram and Piramuthu 2015) On the other hand, managing internal as well as external stakeholders is the basis of stakeholder mapping that defines people not only based on individuals or organizations but also in the interdisciplinary way. However, the internal stakeholders decide co-ordination and funding through a strategy but the external stakeholders contributes based on the experience and views addressing the issues on social, economic and political factors (Jacobs, van Witteloostuijn and Christe-Zeyse 2013). Section 2 The real life situation that substantiates the key ideas is during the time when a responsibility was given to me to perform a strategic technique that could enhance the advertising campaign of a product. Although, the situation termed to be challenging as it involved changing needs of the stakeholders as well as customers. Conversely, to suit the needs, a team was formed to collectively perform the task. Based on the scenario, the problems like social loafing and group dynamics had been constructed. However, to solve the problem proper decision making exercises had been undertaken through the decision of internal (values, resources and capabilities) as well as external (political, social as well as economic factors) stakeholders. On the contrary, advertising campaign also involves the concept of budgeting the money which constitutes to be one of the decision making process for the organization. However, to counteract these issues, I started monitoring the behaviour for signs and self-censorship by avoiding pressures on the group so that organization culture could be maintained as different ideas could be valued. As a result, the group members not only started attending meeting but also started performing their individual tasks leading to organization goals. To be precise, a combine model of Simon and Mintzberg was followed so that I could remain impartial and avoid critical evaluation in the group based on the outset of decisions. 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