Decision Making in Organizations

Running head: DECISION MAKING
DECISION MAKING
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DECISION MAKING
Table of Contents
1. Introduction..................................................................................................................................2
1.1 Selection and evaluation of the usefulness of a range of decision making tools...................2
1.2 Reflection on individual decision making styles and contrast with other styles...................4
2. Literature review on the influence decision-making in a range of business contexts.................5
3. Examination of decision making systems and techniques to engage group decisions
and analysis of the sustainable outcomes........................................................................................6
3.1 Critical examination of the emerging tools and technologies for decision making..............8
4. Conclusion...................................................................................................................................9
References......................................................................................................................................10

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DECISION MAKING
1. Introduction
Decision making plays a major role in continuing with the effectiveness of the
organizations through suitable design of the processes. Ghattas, Soffer and Peleg (2014) noted
that the long term goals of an organization is based on the diverse strategies that are designed by
the businesses. In this relation, the strategies of an organization is based on the decision making
process of the units. Organizations utilize a variety of decision making tools for ensuring the
long term sustenance and profitability of the venture. The purpose for undertaking the research is
to identify a range of decision making tools and the manner in which it assist an organization in
enhancing the competitive processes. On the other hand, the research also aimed at reflecting on
the individual decision making style with the aim of continuing with the effectiveness of the
processes. The research will also aim at evaluating the diverse factors that influence the decision
making styles in organizations through corporate examples. It will assist in analyzing the most
obvious decision making models that are utilized by the organizations in order to adhere to the
parity. Lastly, the research will evaluate the emerging decision making tools and the manner in
which it will influence the decision making capabilities of the organizations while operating in
diverse global economies.
1.1 Selection and evaluation of the usefulness of a range of decision making tools
Decision making aspects of the organizations are dependent on the evaluation of the
organizational situation through the application of relevant tools and models. The tools and
models assist an organization in initiating an insight on the position of the units while operating
in diverse global economies. In this relation, the section will aim at discussing the diverse tools

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DECISION MAKING
that influence decision making systems in an organization and the manner in which it helped the
ventures in gaining a competitive benefits in the economies.
 Cost- Benefit analysis: A cost benefit analysis assist an organization in summing up the
benefits of a situation or an action through subtracting the costs that might be incurred by
the same through the change in the processes (Riaz & Khalili, 2014). The cost benefit
analysis assist an organization in analyzing the critical areas where change might be
considered with the aim of continuing with the effectiveness of the operations while
gaining a competitive benefits in the global economies. The development of the cost
benefit analysis supports an organization in keeping up with the effectiveness of the
operations in adherence to the demand of the customers (Halpern & Stern, 2018). On the
other hand, the analysis assists an organization in analyzing and prioritizing the actions
in adherence to the objectives of gaining a competitive benefits in the economies. The
delineation of the costs that might be incurred by the organizations provides the same
with an insight of the residue that will be left after the implementation of the decision in
the organizational framework. Therefore, the cost benefit analysis assists an organization
in initiating the operations through an understanding of the costs that might be incurred
by the same.
 SWOT Analysis: The SWOT analysis framework assist an organization in analyzing the
diverse strengths and weaknesses of the units in the internal processes. It provides the
companies with an insight on the capabilities of the units in implementing a decision on
the framework or designing a substitute process (George & Lin, 2017). On the other
hand, the opportunities and threats assist an organization in initiating an insight of the
opportunities and threats that might be encountered by a venture in the external