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% !'# %( &)# Decision Making ( Decisions are made by the individuals ( Largely affected by perception ( Made either by Rational Model, Bounded Rationality or Intuition ( Have their own inherent Biasing and Error ( Influenced by constraints Organization lay on Decision Makers 2 ganizational Const aints ( iause deviation from Rational Model ( Types of Organizational ionstraints a
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2 ganizational Const aints a
( Decisions influenced by Evaluation iriteria ( Decision makers not focusing on best for organization
( areferable choice is one which has maximum personal pay-off ( Likely to diverge from Organizational vision 2 ganizational Const aints
( Too less a space for Decision Making ( Bound by Organizational aolicies and arocedures
( Time aressure on Decision Making ( Less time to gather all relevant information ( Yesterday, if possible 2 ganizational Const aints
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( Yhost of past decisions haunt current choices ( Already made commitments jthics in Decision Making ( Important iriterion for Decision Making in Organization ( arovoked due to stricter scrutiny norms ( Three Ethical Decision iriteria
jthics in Decision Making
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Basis Yreatest good for Fundamental Fair & impartial
greatest number liberties & rules enforcement privileges Advantage aromotes ionsistent with arotects interest of efficiency & freedom & privacy less powerful productivity Disadvantage Ignoring rights of Hinders Reduces risk- some individuals productivity and taking, innovation efficiency & productivity C eativity in Decision Making ( Idea never used before ( Appropriate to the problem or opportunity presented ( Rational Decision Making involves creativity ( aeople with openness to experience are more creative ( Intelligent people are more creative C eativity in Decision Making
Expertise ± Foundation of all creativities
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