Group Vs. Individual Decision Making - 2267 Words

Group vs. Individual Decision Making Business success is fairly uncertain but it helps when there is collaboration in the working environment. This means that inputs must come from all members of the organization because everyone has something to contribute. Inputs do not merely refer to raw materials but contributions of employees based on their opinions and suggestions about the company’s future or direction. Thus, the success of a business is not solely based on how raw materials are efficiently converted into outputs. This is because business processes can be automated. Automation of these processes can only add efficiency and lower costs but there are other aspects of a business that require decisions to be made. In fact, decisions are important to organizations and making the right ones – especially on important issues are crucial. In any organization, decision making serves as a factor which could either break it or make it. Hence, it is important that sound decisions are made so that the goals of a certain organization or company are realized. Aside from that, profits and productivity are expected to increase if decisions are able to meet the demands of business trends. In traditional organizational structures, decisions are lodged in the topmost stages of the ladder. In other words, only the top executives make the decisions for the company’s future and direction. In some instances, only the chief executive officer will only decide for the company. As aShow MoreRelatedIndividual Decision Making vs Group Decision Making2832 Words   |  12 Pages‘Given the potential problems associated with group decision making, organisations should rely on individual decision making whenever possible’. How far do you agree/disagree with this statement? From the days when working conditions were under the strict rules of Taylorism, workers these days are required to be equipped with various soft skills and not to forget, the important value of teamwork. Organisations present-day depend heavily on teamwork. Questions such as â€Å"what strengths can you bringRead MoreBusn 460 Entire Course Guide Week 1 – 81110 Words   |  5 PagesAnalysis BUSN 460 Week 3 Individual Financial Analysis Project BUSN 460 Week 3 DQ 1 Flow Charting Processes BUSN 460 Week 3 DQ 2 Implementing Technology BUSN 460 Week 4 Team Video Analysis Report Week 3-4 BUSN 460 Week 4 DQ 1 Group vs Team BUSN 460 Week 4 DQ 2 Matrixed Employee Environments BUSN 460 Week 5 DQ 1 Performance Review Session BUSN 460 Week 5 DQ 2 Status Reports BUSN 460 Week 6 Team Video Analysis Report Week 5-6 BUSN 460 Week 6 DQ 1 Corporate Decision Making BUSN 460 Week 6 DQ 2Read MoreGlobalization On Business Management : The Multinational Company Essay1014 Words   |  5 PagesIntroduction Business management is the act of getting people together to accomplish desired goals and objectives. Globalization in short, points to the whole effort towards making the world global community as a one village. 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Often individuals do not think about all the factors to consider and what questions should they ask. Often an individual will seek to gather the facts about and ethical decision and use that as the decision making factor. However facts are not enough to make ethical decisions because facts only looks at what is. Ethical decision making is based on what should be determined by a set of values or morals that a person or group ascribes to. There are several different