Different Approaches Of The Decision Making Process †Free Samples

Question: Discuss about the Different Approaches Of The Decision Making Process. Answer: Introduction Decision making is an important process that helps in determining the priorities for undertaking the change in order to undertake continuous improvements. The process involves a systematic consideration of the ideas and the actions that might be taken in order to undertake the improvements (Friess, 2012). The report is aimed at understanding my personality in order to determine the effectiveness and the applicability of the models of decision making in order to understand the effectiveness of the decisions taken by me. The introduction of the MBTI test helps in understanding the personality I possess and the manner in which the personality will be helping me in taking the most required decisions for the improvements in the individual and the social levels. Purpose of the report The purpose of the report is to understand the different aspects of the decision making process and the identification of the models that will be helping in determining the effectiveness and the systematic approach of the decisions. On the other hand, the report aims at understanding the applicability of the decision making models on the personality test result I have gained through the MBTI and their effects on the progress of the same. MBTI analysis The test that was being undertaken by me has helped me in understanding the personality type to which I belong. The type of personality that I received is the Logician (INTP-T) which has helped me in determining the type of decision making model that might be undertaken by me (Refer to the Appendix). This section of the report will be analyzing and describing my personality type and the manner in which it will be affecting the decisions that will be taken by me. Introvert The personality test that I undertook suggested that I am an introvert through the rating of 74%. It has helped me in understanding the prospects of ill-communication skill and the lack of expressing myself to the people. It has helped me in understanding the different aspects of the change that I am required to undertake in order to make myself favorable to the social meetings. I might be a logician, but failing to express the rationale might affect the decisions and the justifications that I take. It might affect the decision making process that I am planning to undertake. On the other hand, the usage of the social and the mass media platforms might be restricted through the introvert nature that I possess. It affects the healthy decision making process that is being considered by me. I will be facing issues that have clearly portrayed my situation in the organization, which I am aspiring to join, and the manner in which the introvert nature will be affecting the team meetings. The nature has held me up in expressing my views to the employees in order to bring in changes in the structure and the functioning of the enterprise. Intuitive The intuitive nature that I have gained through the test rates me with a 69% which is fair for anticipating the different aspects of the change through the decisions that are being undertaken by me. It helps in determining the changes and the uncertainties that are involved through the undertaking of the change. The intuitive nature in me is supposed to bring out the creativity in the decision making process that is being undertaken by me. This nature will be helping me in determining the possible uncertainties that my decisions might face while undertaking the transition. On the other hand, the major aspects of the decision are based on the determination of the uncertainties that might be faced while determining the effectiveness of the decision planned by me. The intuitive nature will be helping me in forecasting the different pros and cons of a decision that I must take in my organization, where I am aspiring to work as the senior manager, which will be helping me in perfecting th e decision as per the needs of the organization to make its progress. Thinking capability The thinking capability that is being conferred on me is rated to be 83%, which is higher in order to maintain the proper decision making process. The major aspect of the change that is required to be taken by me is based on the initiative of understanding the values of the decisions that are being considered by me. The determination of the thinking capabilities helps in determining the various aspects of the creativity that will be helping me to bring in changes in the systems through the induction of the creativity in the decision taken by me. The creativity and the thinking capability will be affecting the decision that I might take. Therefore, it will make some obvious contribution to the decision making process that I am aiming to undertake. Currently I am aspiring to work in an organization as the senior manager where the thinking capability will be helping me in understanding the needs of the workforce and thereby meet the modifications based on the creativity that I can asser t. It will be requiring me to undertake the determination of the solution to the issues. It has helped me in maintaining a balance in the needs of the employees and the management to achieve the common goal of the business. Prospecting The prospecting nature that is being rendered under the Logician nature that I received through the test rated me to be 68% tactical which is pretty low for undertaking decisions in the system of the organization where I function. This nature will be affecting the decision making process that I might consider as the proper understanding of the dynamics and the functioning is not facilitated by my nature. It might be due to my introvert nature and the lack of proper communication that breaks the chain of coordination and team bonding. It affects the decision that is being planned by me. Turbulent The turbulent nature has helped me in determining the goals of the functioning and the effectiveness of the decision that I might take in order to bring in improvements in the process. I have been entitled with a 58% grade on my confidence and functioning. It has helped me in understanding the nature and the systematic approach that I take while making a decision. The major aspects of the decision is based on the synchronization of the different activities that are being undertaken in order to facilitate the change. Five models of decision making with examples from the practical life This section of the report aims at understanding the different models of decision making and analyzing the same with examples from my life to justify the cause of the models and to measure their efficiency. Rational Decision making model The Rational decision making model is based on the concept of analyzing the prospects and undertake the steps for formulate a decision in order to best fit the requirements of the crisis (RodrGuez, Mart?Nez Herrera, 2013). This model is opposite to the intuitive model, which focuses more on the uncertainties and assumptions that are being undertaken by the leader in order to bring in the change in the systems and the functioning. According to Lgar and Witteman (2013), the rational model helps in determining the aspects and the uncertainties based on analysis of the effects of the decision on the organizational structure and its relevant functioning. Moreover, Snyder and Diesing (2015) stated that the proper understanding of the effectiveness of the decision is facilitated through the step by step evaluation that is being undertaken with the help of the model (Bernardino, 2017). The application of the model will be helping me in bringing forth changes in the organization where I am looking forward perform my job role as the senior manager of the enterprise. The company, where I am aspiring to work, was facing a technological issue due to its failure to optimize itself as per the demand in the market. Therefore, I might take the help of the model to understand the prospects and benefits of undertaking the change, which influenced the decision. Satisficing model The model reflects an initiative of the leader where the decision making is characterized by the understanding of the alternatives to the decisions that could be considered in the process of taking a decision (Gregory et al., 2012). Zsambok and Klein (2014) stated that the model helps in considering and reconsidering the different aspects of the change in the decision making process in order to understand the effectiveness of the decision to cope up with the situation faced by the organization (Xu, 2015). The creative nature and the thinking capability in me will be helping me to figure out the correct decision from the alternatives as per the case (Zimmermann, 2012). As a student, I am aspiring to join a company where the decisions making can be influenced through the proper determination of the alternatives, which will be helping me to pick the right decision that is applicable for bringing in the change in the systems of the organization. Therefore, this model will be helping me in determining the different aspects of the decisions that I might consider through the alternatives, which best fits the organizational goals. Incremental model The incremental model helps in determining the analysis of the different factors and the testing of the same in order to bring in the knowledge of its befitting nature (Ruff et al., 2013). The decisions that are being taken as a part of this model helps in determining the end result of the decision that is being implemented on the organizational structure. Pettigrew (2014) believed that the model helps in developing new ideas to cope up with the needs of the organization to bring in modifications in the systems (Shepherd Rudd, 2014). The chained process of the decision making model helps in bringing forth continuous improvements in the systems (Zionts, 2012). As a student, I can make use of the model in the future through the development of the skills of understanding the requirements of the organization and thereby deciding based on the implementation and the testing procedure. The model will be helping me to understand the multiple dimensions of the decision and the manner in which they can be profitable for the firm. Garbage can model The Garbage can model is a kind of irrational approach of decision making which make assumptions of the problems and their solutions and their applicability (Azadnia, Saman Wong, 2015). Unlike the Rational decision making model, the garbage can model is specially based on the assumptions and there is no fixed foundation that could be found of analysis and the understanding of the befitting nature of the decision that is being taken by the leaders in favor of the organization (Hsu et al., 2012). Retrospective decision making model The Retrospective decision making model, which is devised by Per Soelberg, helps in determining the justification that the decision makers can give in order to justify the decision that is being undertaken by them (Hwang Masud, 2012). It is based specifically on the reasoning for the decision and its application on the scenario in order to bring in the improvements in the structure and the functioning. Ford and Richardson (2013) stated that the major aspects of the model is based on the understanding of the different aspects of the change in the structure and the functioning of the business which corresponds to the decision that is being taken to fit in to the structure (Goetsch Davis, 2014). The model will be helping me in making a clear justification of the decision that I might undertake while performing my job role in the near future. The major aspects of the change in the systems and the functioning will be supported through my explanation for the decision that I might devise for coping up with the requirements of the organization. Introduction of a new model that might apply to the personality type The enumeration of the models in the previous section of the report has helped me in facilitating the idea of the models. The combination of all the favorable aspects of the models will be helping me to fit the nature of the Logician. This section of the report will help me in creating a new model, as per the nature I have received through the test, which will facilitate in my decision making system. I must take steps to understand the prospects of the rationalist model in order to analyze and thereby apply the same on the decisions in my future job role. I must inculcate the reasoning for the decisions in order to support my decisions for understanding the befitting nature of the same. On the other hand, the new model that I must devise will be helping me in understanding and analyzing the different perspectives where creativity can be applied in order to bring in changes in the future organization. On the other hand, the thinking capability helps in ensuring the creativity in the decision making process that will be helping me in the future to bring in constructive changes in the enterprise I am about to join. Conclusion Therefore, from the above analysis it can be concluded that the proper understanding of the different models of decision making helps in inducing the precision of the decision making process. On the other hand, the MIBT test that I undertook has helped me in understanding the personality trait and thereby I can amend to formulate the steps that would help me in undertaking the best decision as per the requirements of the situation. References Azadnia, A. H., Saman, M. Z. M., Wong, K. Y. (2015). 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