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Decision-Making
in Organizations
Group 2
Dept. of Business administration
Cyprus International University
Organization and Management, Course BUSN513

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Decision Making Process

What is a decision making?

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Types of Decisions
What are the types of decisions?

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Models of Decision Making

• The Rational model
• The Bounded rational model
• Vr o o m - J a g o m o d e l
• Bain decision making model
• WRAP
• Edwards De Bono’s 6 thinking hats
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Rational Model
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• Best outcome Optimized

decision making model.
• Consider every option future
consequences (value of outcome)

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Six Step Rational Decision Model
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Define
Research
situation
and
and
Identify
desire
options
outcome

Compare
each Make a
alternative decision
and its and
conseque choose alt
nces

Design
implement Evaluate
an action results
plan
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Other Rational Based Models
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These include:

D e c i s i o n m a t r i x a n a l y s i s
P u g h m a t r i x
S W O T a n a l y s i s
P a r e t o a n a l y s i s
D e c i s i o n Tr e e s .

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Bounded Rational Model
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Not possible considering all outcomes.

L i m i t e d t i m e , l i m i t e d i n f o r m a t i o n Imperfect info.
A m b i g u i t y.
S e l e c t i n g 1 s t s a t i s f a c t o r y o p t i o n .
S a t i s f a c t o r y > > O p t i m a l O u t c o m e .

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Vroom-Jago Rational Model
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What is the use:

Used by leaders, considering making decisions alone or with

a group and to what extent group should be involved.

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Vroom-Jago Rational Model
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5 P r o c e s s e s o f d e c i s i o n m a k i n g b y V- J :

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Bain Decision Model
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• Bain's RAPID Decision-making Model proposes a process for

e f f e c t i v e d e c i s i o n - m a k i n g a n d d e l i v e r y.
• RAPID® assigns owners to the five key roles in any decision.

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Bain Decision Model
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