Operations managers use decision-making models in organizational decision-making. Virtually every decision-making model has an associated set of assumptions or conditions under which the model is valid. Which of the decision-making models would you choose, and explain the assumptions and limitations that must be considered to have valid results?
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Operations managers use decision-making models in organizational decision-making. Virtually every decision-making model has an associated set of assumptions or conditions under which the model is valid. Which of the decision-making models would you choose, and explain the assumptions and limitations that must be considered to have valid results?
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- You are in charge of a medium-large organisation in an industry of your choice. Select a decision that managers/employees should take at strategic/tactical/operational level. Explain the decision-making process using Simon’s normative model (intelligence, design, choice, and implementation). Select the technologies that can support the decision-making process and enhance the decision quality or/and efficiency considering the current barriers of decision-making. Analyze the barriers to the successful adoption of the selected technologies in your organization (at least 5 barriers) Formulate a plan for the successful implementation of the selected technologies.A decision-making process can determine the success or failure of an organization, and how well it performs. Explain Decision Making Process in your own words. Additionally, suggest a possible decision-making example in an organization and perform the following steps based on the chosen example: Understand the decision Collect all the information Identify the alternatives Compare the risks and benefits of each solution Select the best alternative Make the decision Evaluate the impact of your decisionIllustrate the EIGHT (8) steps of decision making graphically as suggested in the Decision-Making Process model.
- What principles form the basis of the rational decision-making model and what are its major dimensions? What is the difference between that and the bounded rational approach to decision-making.Rational decision-making approach ideally implies decisions.Managers need to make decision in myriad of situations and the type of information required by decision makers is directly related to the level of management decision making involved and the structure of decision situations they face.how management support systems support decision making at different level?
- Decision-Making Simulation: Create a simulation of a Diversity, Equity, and Inclusion (DEI) decision-making scenario that an organization might face. Analyze the different types of decisions and decision-making techniques that could be used to solve the problem. What are the common Diversity, Equity, and Inclusion topics trending in your field? Pick one and use in this decision-making scenario assessment. It’s important to be thoughtful and consider the sides of all involved. Be sure to refer to the APA Inclusive Language Guidelines handbook provided in your Courses Resources Lib Guide. Scenario background: Please describe the DEI decision-making scenario for this assessment. Give an Indepth narrative background story. Management & Organization Structure: Please describe the type of organization for this scenario. What is the narrative background of each participant in the scenario? What is the disagreement? List 3 possible solutions that may benefit all…Discuss the steps in the Problem-Solving Process and explain the steps by providing an example of how a decision-maker uses each step to solve a problem. You may choose a problem of your choice.Explain at least two example situations where following types of decision making can be more effective: Rational decision making Intuitive decision making
- First, read a Content on Data and How Information Supports Decision Making, paying particular attention to the Levels of Decision Making. For this discussion, we will use a retail business as an example. The retail business will consist of corporate headquarters, regions (oversees several stores in a geographic area), and individual stores. Each of these aligns with one of the three levels of decision makers in an organization. Select one of the levels of decision making and identify one decision that a manager at that level might make. The decision must relate to the retail business and what it does. Then, explain what information a manager at that level might get from the IT systems, such as inventory management or customer information system, to aid in making that decision.Consider the decision-making process steps; identify one step, if any, that is more important than the others. Defend the answer. Steps of the decision-making process: Define the real problem after awareness of the symptoms Set criteria for making the decisions while analyzing available information generate relevant alternative solutions to the problem analyze and evaluate these alternatives select the best alternative for a solution implement the chosen alternative monitor and evaluate the decision's effectiveness Please explain in detailDiscuss the basic premise of the rational (classical) model of decision making and how does it differ from the rationality model.