Strategic Decision Making Models in Organizational Crisis Analysis
VerifiedAdded on  2023/04/20
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Essay
AI Summary
This essay critically analyzes strategic decision-making by managers and boards of directors during organizational crises. It begins by defining organizational crisis and then explores different decision-making approaches, including classical and behavioral models, and their impacts on organizational survival. The essay provides insights into how managers can make decisions during challenging times, emphasizing the importance of communication, awareness, and the implementation of appropriate strategies. It further discusses the practical application of decision-making models, highlighting their impact on understanding problems, defining consequences, and developing solutions. The essay also compares and contrasts classical and behavioral decision-making models, arguing for the suitability of the behavioral model in certain contexts, and it provides a comprehensive overview of the decision-making process, encompassing intelligence, design, choice, and review activities, concluding with an emphasis on the importance of managers’ pragmatic approach and understanding of limitations in order to make effective decisions.
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