Decision Making under Pressure

Running head: DECISION MAKING UNDER PRESSURE
Decision Making under Pressure
Name of the Student
Name of the University
Author’s Note

1DECISION MAKING UNDER PRESSURE
Table of Contents
Introduction......................................................................................................................................2
Problem statement...........................................................................................................................3
Research Aim and objectives...........................................................................................................4
Research Questions..........................................................................................................................5
Justification and potential output of the research project................................................................6
Conceptual framework.....................................................................................................................6
Development of hypothesis.............................................................................................................9
A brief research Methodology.......................................................................................................10
Secondary Data and Data analysis method....................................................................................13
Conclusion.....................................................................................................................................13
References......................................................................................................................................14

2DECISION MAKING UNDER PRESSURE
Introduction
The present research proposal intends to analyze on the decision-making under pressure.
Decision making relates to choices among other courses of action that might also involve
inaction (Smith, 2014). Since every decisions include few element of risk, stress or pressure has
critical influence on quality of decisions (Flyvbjerg, 2013). Rising effectiveness in business
decision- making is a vital part of maximizing effectiveness in work. In the present accelerating
business world along with ever enhancing value of time, several decisions are done under huge
time pressure. The organizations frequently face unfavorable environments that exerts huge
institutional pressures limiting their behavior and business decision making and grasp
institutional voids that needs them to reimburse missing institutions. Every situation of decision
making includes some extent of uncertainty and the managers of the enterprise face judgments
relating to uncertainties. Uncertainties mainly exists where every possible consequences of event
are unknown and other associated outcomes are uncertain (Betsch, 2014). The managers of an
enterprise are required to have proper knowledge about risk assessment in order to move out
from uncertain circumstances within the business. The outcome of risk assessment has been
used to provide information for decision making on requirement to introduce measures of risk
reduction.
The cognitive science identified that psychological stress or pressure exceeding specific
intensity influence the decision making quality. Under certain situations encountered in
managerial or business conditions, decision making is basically studied in forms of stressors such
as overload of information and time pressure. The impact of time pressure on personal decision
making can reduce quality of activities and change risk preferences. Several studies have
reflected that decision support systems can help the users in these circumstances and thus

3DECISION MAKING UNDER PRESSURE
improve quality of decision making (Shepherd & Rudd, 2014). The first section of this project
proposal provides an overview on the problem statement, research aims and objectives, research
questions, potential output and justification of this project. The second section of this study
reviews on the literature and also focuses on the methods to be adopted for conducting this
research. The last section highlights on the data analysis method that will be integrated for this
study.
Problem statement
The business organizations across the globe have been facing continuous change in
operations owing to rising competitive business environment. In today’s world, competitive
advantage is developed by transferring as well as exploiting competencies across enterprise
business operations. However, the enterprises are- now- days getting huge opportunities for
business growth and having extra benefit of expanding their business in international nations.
Recent evidences reflect that global change in business enterprises has created several challenges
to the managers since they have to manage both domestic and foreign competitions. The
management of the enterprise adopts policies as well as framework where they mainly
experience mental framework in the business decision making. Moreover, huge pressure while
making business decisions play vital role in shaping business strategies.
Several facts reflect that the managers and leaders of the business enterprise face risks
that are connected with change in business strategies. This is because the HRM managers
adopting strategies in business are mainly dependent upon their decision making. Even though
there might be different causes behind change, inefficiency and barriers in business decision
making under stress or pressure might affect its operations and performance. The employees of
the business enterprise also experiences time pressure while performing in group work. Decision