Organizational Decision Making Flashcards, test questions and answers

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What is Organizational Decision Making?

Organizational decision making is the process of identifying and selecting viable solutions to solve problems within an organization. It involves analyzing data, formulating strategies, assessing risks and benefits, and implementing the chosen solution. Organizational decision making is a key component of effective operations within organizations as it helps to ensure that decisions made are based on sound logic and analysis instead of emotion or personal bias.Organizations typically employ a variety of techniques when it comes to making decisions. These range from informal methods such as brainstorming to more formal decision-making processes like problem solving or cost-benefit analysis. No matter what technique is employed, the goal is to identify the best possible solution that meets organizational objectives while minimizing risk and cost. It’s also important for organizations to consider ethical considerations when making decisions in order to maintain a positive public image and uphold their values as an organization. Organizational decision making can be challenging due to its complexity and the number of stakeholders involved in the process. Decisions may need to be made quickly with limited information available, which can lead to costly mistakes if not managed correctly. Additionally, organizational politics may play a role in decision-making processes, leading some individuals or groups within an organization to have more influence over others when it comes time for solutions to be selected. By taking into account all stakeholders involved, understanding potential risks associated with each option available for consideration, and employing sound reasoning throughout the entire process, organizations can make well-informed decisions that will help them achieve their goals in an efficient manner. The use of appropriate tools such as cost-benefit analysis can also help ensure that organizational resources are used most effectively by providing insight into how much each option will cost relative its projected benefit or return on investment (ROI).