Decision making models Research Paper Example | Topics and Well Written Essays - 1250 words

Decision fashioning models - Research Paper ExampleThe Five Step Model by Harvard Business School and the Analytical Hierarchy Process (A.H.P) by Thomas L. Saaty are two vital decision making models. These models have strengths and weaknesses, and they contrast in their mode of approaching issues and problems. They also differ in their application. According to the five step decision making model, charabancs make decisions on a daily basis, which wedge on the company. Some of the decisions have straightforwardness such as the determination of subordinates to delegate duties. Though such a decision may seem straightforward, it requires the manager to have a satisfactory knowledge of his/her subordinates for effective and efficient delegation (Milkman, Chugh, & Bazerman, 2008). separate decisions such as tendering and employment decisions have complex characteristics. Also, decision making process cannot be described as an easy process because some of the decisions may involve risk s, trade off and interplay of other factors, which implicate cost, and risk of visitation or undesirable outcome (Harvard Business School, 2006). Decision-making is a complex process especially when it involves uncertainty and raises interpersonal issues. Uncertainty causes hesitation because individuals may feel that they inadequacy facts that enable them to make desirable decisions. Some individuals may choose not to make decisions than take a leap to uncertainty. According to Harvard Business Essentials, decision-making involves five steps, which include the, establishment of a context for success, framing the issues properly and generating alternatives. It also involves an evaluation of the alternatives and choosing alternatives that work the best (Harvard Business School, 2006). The establishment of a context for success involves the groundwork of an milieu that enables effective decisions to work. This process involves the evaluation of the decision makers surrounding to identify antithetical factors that affect sound decision-making. For instance, internal conflicts within an governing may affect the outcome of a decision (Armesh, 2005). This habit eliminates the possibility of rational thinking hence, the management cannot sustain different levels of diverse opinions (Harvard Business School, 2006). Other organizations do not support open communication, which may, affects decision-making. An all-powerful management affects decision making because decisions are made according to their preference. Decision-making needs a friendly environment that ensures the even out individuals participate in the process. The decision makers or those involved in the process should meet in a physical setting that encourages deliberation and thorough thinking. Such an environment has ground rules for determining decision-making (Harvard Business School, 2006). In decision-making, successful decisions depend on the clear arrest of issues at hand. It also depends i n an understanding of the issues impact on the company or business. Therefore, it becomes crucial to determine the character of the issue. Framing the problem offers an opportunity to ask the correct questions to the right people. It is vital for the decision makers to frame the problem in a manner that does not constrain potential solutions to the problem. Framing the issue involves questions on how the issues/situation rose, and how to exploit the situation (Harvard Business