ASSIGNMENT

Unit 5: Managerial Decision Making

1. What are the advantages of group decision making?

1. You will receive more diversity in the availability of opinions.

2. It promotes greater interest and participation from the rest of the team
3. You’ll create more understanding and positivity within the team
4. It creates an opportunity to create collective contributions
5. You can take advantage of team building opportunities.
6. It promotes the idea that collective thinking is an advantage
7. Group decision making can increase the strength of an organization
8. It is a process that allows a team to take advantage of a smart risk-taking opportunity.

2. What are the disadvantages of group decision making?

1. The group decision-making process can take a significant amount of time to complete.
2. You can receive irrelevant opinions and ideas with the group decision-making process
3. Some people refuse to share their perspectives during group decision making
4. Groups can have a different priority than what the decision requires
5. The final choice can go against the outcomes of an organization
6. Groups reduce the amount of accountability that occurs in the workplace.
7. It can result in an overuse of authority
8. Group decision making can cause everyone to see themselves as a leader
9. People in a group can decide to “go with the flow.”

3. What are the different forms of group decision making?

The most common forms of group decision making are :

1. Interacting groups
2. Delphi groups
3. Nominal groups

4. What are the various techniques of decision making?