This website uses cookies to ensure you have the best experience. Learn more

Strategies In Decision Making Essay

1372 words - 5 pages

A quote by Albert Einstein states, "The significant problems we face cannot be solved at the same level of thinking we were at when we created them." (Khurana, 2006). Success in problem solving and decision-making lies in the ability of an individual to think critically, identify the most significant problem needing a solution, and prevent the problem from reoccurring. Problems can be found in all aspects of an organization and can be in the form of faulty process management, employee behavior issues, and input/output workflow processes. Solving organizational problems is best to be viewed as identifying opportunities or challenges and taking a disciplined approach to defining the problem and creating appropriate solutions (DeJanasz, Dowd, Schneider, 2001). A multitude of decision-making techniques exist and are available for an individual to use when solving problems. Regardless of the technique used, making an intelligent, rational decision requires processing information, assessing the involved risks, and taking actions resulting in positive outcomes.One major component of problem-solving requires identifying the root cause of the problem. Once the root cause is identified a plan must be implemented to eliminate and prevent the problem from resurfacing in the future. One way this can be accomplished is to implement the Plan-Do-Check-Act (PDCA) cycle. The first and most important step in the process is the Plan step. In this step, the problems need to be identified and potential solutions need to be defined. The challenge is to correctly identify the right problems and then create the plan for fixing the problems. The second step is the Do step. This is where the Plan is actually implemented. The third step is to Check if the implemented plan is resulting in specific and measurable improvements. In this phase, it is important to ensure the correct problem is being solved, identify if any new problems were created, and determine if the implemented plan is a short-term or long-term solution. Based on the responses to those questions, the next step is to Act and ensure the problem is solved. In the Act step, one of 3 actions can take place. 1) nothing can happen as the plan implemented solved the problem and no further action is needed; 2) minor changes are made and the plan is tweaked or alternative plans are put in place; or 3) major adjustments are made. This will happen if the proposed solution did not solve the problem. Generally, if this happens, the cycle goes back to the planning stage and the process is started over. This technique is very effective in ensuring continuous, long-term improvement.The PDCA cycle is a balance of thinking and doing. Balance can be found between the Plan and Check functions and the Do and Act functions. By using the Plan step, one can lay out the solution plan to use as a guide. In the Do stage the actual results can be reviewed. The Check stage can be used to analyze the difference between the plan and the...

Find Another Essay On Strategies in Decision Making

Critical Thinking: Strategies in Decision Making

1696 words - 7 pages with proper decision-making. Staff member would be trained on how to handle emotions in professional establishments, and how to accurately read social situations.Refusal to serve patients if they are uninsured is also a problem. This is also a gray area due to financial reasons. Inequities in how people are treated show a lack of fairness and breeds resentment whether due to lack of insurance, or overpriced charges. Of course you wouldn't want to

Decision Making Strategies Essay

503 words - 2 pages Strategic thinking is an essential leadership skill. Our learning team has learned to consider our current decision-making strategies, and examine our options for choosing the best strategy for any situation be it one-sided, compromise, collaboration and deciding-by-majority rule. As a learning team we will identify any problem someone on the team may have such as being shy, not very talkative and hesitate about having to stand in front of the

Marketing decision making and strategies

1461 words - 6 pages market provokes firms to make choices between legal business approaches and illegal bribery. Moreover, the outcome of a chosen strategy will usually be uncertain at the time when decision is made, and a firm's decision will depend partly on its attitude towards risk. I should know if I can risk my company or not because describing the risks, uncertainties and benefits attached to bribery is very important for right decision making. If I knew for

MGT 350 - Critical Thinking: Strategies in Decision Making

896 words - 4 pages Critical thinking and decision-making are closely related and nearly go hand-in-hand. Although it may not be evident that these two processes are used on a daily basis, they clearly are. Whether you realize, or not, that you exercise these two processes, for example professionally or socially, at some point during every day, you contemplate your thoughts, you observe others and their actions, and rule on many subject matters. Many do this

Decision Making Model MGT 350 Critical Thinking: Strategies in Decision Making Professor Jacqueline Wicks March 28, 2005

1012 words - 4 pages study more regularly but, after a few weeks of tutoring, could opt to trade in the tutoring time for some extra sleep. He may decide to take what he has learned from the tutor so far and apply it to his increased study efforts. (Keys to College Studying: Becoming a Lifelong Learner, by Carol Carter, Joyce Bishop and Sarah Lyman Kravits page 88-89.)As you can see decision making is performed numerous times a day without our thinking about it. This

Fallacy Summary and Application MGT 350 - Critical Thinking: Strategies in Decision-Making July 16, 2005

1358 words - 5 pages , explain their significance to critical thinking, discuss the general application to decision-making, and provide examples that illustrate each fallacy. Further analysis of fallacies indicates several characteristics common in all fallacies. Most typical are logical fallacies. Logical fallacies are errors in interpretation. They can be categorized into relevant fallacies, where the premises are not relevant to the conclusion, and insufficient

Fallacy & Application Paper MGT 350 Critical Thinking: Strategies in Decision Making

976 words - 4 pages need and don't. Television and radio are some of the prime culprit. With the internet, things seem verging out of control, not to mention the nonstop rumbling of those around us such as our employers, friends and relatives.Almost all the time, this information which we receive is set in with arguments; the purpose is to get us to take a stance, suggest a response, make a decision and so forth. These are the reasons we by shoes of a particular name

MGT 350/ Critical Thinking: Strategies in Decision Making September 20, 2004

1164 words - 5 pages accepting payments in installments so that people can afford their medication.Now that the problems have been brought forward about the problems that the hospital faces, solutions to the problems must be thought of and implemented. These solutions may or may not be the correct decision, but they can help lead to the correct decisions.Solutions:It would be impossible to recommend a set of policies that would apply to everyone and would satisfy the

Decision Making in Nursing

945 words - 4 pages the steps involved in it “in order to develop our own decision making style” and be successful as nurses in the future (B. Kunkel, 2014). The New Jersey Board of Nursing provides a Seven Step Decision Making Model that “has been designed to assist nurses in using the information available to them for resolving scope of practice issues.” Any nurse that has a question about nursing practice “can refer to this model and follow each step to make her

Decision Making in Action

900 words - 4 pages Decision Making Process in ActionAccording to Webster's Dictionary the definition of "decision" is the "1. a: act or process of deciding b: a determination arrived at after consideration: CONCLUSION." (http://www.m-w.com/). Organizations and individuals make decisions every day. Decisions are made by flipping a coin, taking a guess, thinking about the thoughts and feelings of others, considering values and beliefs, complying with a mission

Emotions in decision-making

579 words - 2 pages follow in the steps of their leaders.The emotions in decision making that was learned from this movie is that emotions are a very powerful to deal with in situations. Emotions are a mental state that arises spontaneously rather than through conscious effort and is often accompanies by physiological changes. It is also a state of mental agitation or disturbance. It is the part of the conscious that involves feeling.The employees of Enron emotions

Similar Essays

Critical Thinking: Strategies In Decision Making

1016 words - 4 pages Critical Thinking: Strategies in Decision Making Critical thinking is a process of applying various skills to analyze information. Critical thinking uses rationality to distinguish between emotion and fact. This paper will discuss the definition of critical thinking, and the skills it takes to think critically. It will also provide an example of critical thinking applied to my current working environment. Finally this paper will discuss

Critical Thinking: Strategies In Decision Making;Paradise Iii

948 words - 4 pages Kava, but the long term economy as well.Referenceshttp://www.decision-makingtoday.com/index.htm, Retrieved July 10, 2008www.Pacsun.com, Retrieved July, 09,2008Thomas S. Bateman,Scott A.Snell. (2007). Management: leading and collaborating in a competitive world. Retrieved July 14, 2008, from Thomas S. Bateman,Scott A.Snell, Week Five, MGT350-Critical Thinking: Strategies in Decision Making Web site.Referenceshttp://www.decision-makingtoday.com

Critical Thinking: Strategies In Decision Making

2054 words - 8 pages Critical Thinking: Strategies in Decision MakingMGT 350October 25,2004Decision Making Model Analysis Everyday we are faced with making decisions, decisions of varying importance. These decisions not only affects us, but it can also have a major affect on people we love, people we work with, people who are for and also against us, basically it touches everyone we deal with directly and indirectly. In our workplace, organizations depend

Critical Thinking: Strategies In Decision Making 1278 Words

1278 words - 5 pages from getting employee interest in the regular meetings, their availability to attend the initial meeting, to presenting a chart of issues to management reflecting the top 4 employee complaints. After getting management's approval to have the initial meeting, management will agree to address issues such as the employee confidence and performance due to lack of communication, communications strategies, the main problems, establish subsequent and