Styles of Decision Making

Need help with your homework? Look no further! Our subject experts are ready to effortlessly handle your assignments, so you can finally say goodbye to stress and hello to top grades.

Please enable JavaScript in your browser to complete this form.
Click or drag files to this area to upload. You can upload up to 3 files.
Get a response in under 15 min

Decision Making

While choosing the right alternative for a particular decision, opinions vary among different managers. Some choose to rely to analysis and data while coming to a decision, while others rely on their judgment and intuition. Different styles of management come from different psychological makeup of the manager, which also affect how he manages his staff and how he tackles problems. Some believe in the carrot and stick approach, while others create a more participatory environment. The personality of a manger can be deduced by the he manages those who are under him.

Commonly prevalent styles

Intuition or analyses are the two roads a decision maker opts to take while solving problems. Think about this for a while. If this was your first day as a new manager, how would you tackle your first problem? The answer lies in your personality. Research has shown that there are two types of thinking styles commonly prevalent among managers. These are:

  • Linear thinking style: if you like to see all the data and research and pore over the facts regarding a problem in order to solve it, you have a linear thinking style. This is commonly chosen style by rational thinkers and logicians to come to a decision.
  • Non-linear thinking style: if you prefer to go by your gut, depending on feelings and hunches to solve a problem, it is said to be a non-linear thinking style. Many managers choose to trust their feelings when making a decision.

The difference in styles though, cannot be used to determine their superiority. Both styles are recognized as valid and widely accepted in the managerial demographic.

Errors in management

Since time is of the essence in an organization, often there is no time for assessing all the information available before making the deadline. So, managers prefer their own heuristics to ease the job a bit. Using heuristics can provide a sense to complex, often ambiguous data available.

Styles of Decision Making 12Although it is widely used, heuristics lead to biases and errors in judgment, causing a misinterpretation of the available information.

  • If a manager holds himself in high regard and is supercilious, he shows the overconfidence bias.
  • Some managers want instant rewards at almost no cost, exhibiting the immediate gratification bias.
  • If someone chooses to ignore specific information and only makes decisions based on what they want to see, it is termed as selective perception bias.
  • Sometimes managers tend to fixate on the primary conditions of a problem, and consequently fail to adjust to later development; thus, showing an anchoring effect.
  • Those who just want rely on past information, discounting present contradictions, exhibit confirmation bias.
  • Sometimes, wanting to remember good results clouds a manager’s objectivity, leading him to make estimates and judgments that aren’t in sync with the problem. They are a user of the availability bias.
  • When certain aspects of a situation are highlighted while others may be omitted and de-prioritized, managers tend to use the framing bias.
  • Sometimes, one sees similarities in two situations even when they do not exist, drawing analogies and assessing the problem based on this distorted vision. This is termed as representation bias.
  • Most managers refuse the possibility of unpredictable and random events. Randomness bias is shown by managers who string together random events and try to derive some meaning out of it.
  • There are some who try and hog credit for every successful decision, whereas they are known for playing the blame game too often when outcomes are unfavorable. This is an example of self-serving bias.
  • Some decision makers cannot move past their previous incorrect judgments and tend to fixate on the past sunk costs instead of focusing on new ones. This causes an error in judgment termed as sunk cost error.
  • Finally, there are managers who claim that an outcome was easily predictable, after they know of the actual outcome. These people exhibit the hindsight bias.

Styles of Decision Making 13Heuristics can help streamline the decision-making process, if most problems are of a repetitive nature and the correct alternative can already have been established. But if not evaluated properly, heuristics distorts judgments, leading to disastrous outcomes. Most managers choose to ignore the cons of heuristics for the sake of better flow in the workspace. Self-assessment and feedback from peer group can help curb the bias-related errors in judgment.

To sum up: decision making for a manager

Choosing the best alternative and implementing it are the most preferred options for any decision maker. The feasibility and effectiveness of the decision made is crucial in determining its success, and is generally affected by five factors:

  • Approach of the manager
  • The nature of the problem
  • Thinking style of manager
  • Existent conditions affecting decision making
  • Errors and bias in judgment

Every decision is shaped by one or all of the above factors. Whether the decision is to enter a new market, or quality control, it always comes out the number of factors affecting the outcome. The manager has to take all of these factors into account and assess it carefully in order to maximize output effectiveness.

 

Links of Previous Main Topic:-

Links of Next Fundamentals of Management Topics:-

Homework Blues?

Get expert help with homework for all subjects.

  • NPlagiarism-free work
  • NHonest Pricing
  • NMoney-back guarantee

Latest Reviews

Solved Sample Works

Accounting Homework

Corporate Accounting Sample

Biology Homework

Genetics Assignment Sample

Essay Writing Help

Business Plan Sample

Homework Help FAQs

Our Answers to Your Questions

How do I submit my homework?
K
L

Getting homework help is very simple with us. Students can either send us the homework via email or they can upload it to our online form here. For a quicker response, You can also chat with us at WhatsApp and submit homework directly. You are sure to get a response from our side within 10 minutes.

How much will my homework cost?
K
L

The cost of paying someone to do your homework varies depending on the service and the type of assignment. We have listed our standard pricing plans for popularly used writing services. For other kind of assignments, You can get a free instant quote from us using our online form.

We also accept partial payment to start working on your assignment help. You can pay the remaining amount when your task gets completed. No pressure of up-front payment. No hidden order costs.

Can I receive help with my homework anytime?
K
L

Yes, you can receive help with your homework anytime with us. Our online homework help services are available 24/7, allowing you to receive assistance with your homework anytime, anywhere.

For urgent homework requests, reach out to us through our LiveChat or WhatsApp channels and one of our friendly support agents will assist you in finding the right expert for your online homework help request immediately. With our services, you can rely on 24/7 availability and meeting deadlines.

Are online homework websites budget-friendly for students like me?
K
L

Yes, Our Online Homework Help websites are an affordable solution for you as a student. Compared to traditional tutoring services, MyHomeworkHelp prices their homework help services honestly and within the budget of college students. This makes it easier for you to receive assistance with your homework without breaking the bank.

What is your plagiarism-free policy?
K
L

At myhomeworkhelp, we take plagiarism very seriously and ensure that all solutions provided by our tutors are original and authentic. Our tutors are trained to provide custom-made solutions, tailored specifically to meet the requirements of each student. We do not provide pre-written papers. All our homeswork solutions are made from scratch, guaranteeing 100% orignal homework answers.

Additionally, we have strict plagiarism-detection tools in place to check all submissions for authenticity.

Is using an Online Homework Help Service cheating?
K
L

Using online homework help services is not equivalent to cheating. Our services are intended to support students with their homework and provide them with the resources they need to succeed academically. With the help of our online homework help services, students can receive immediate assistance with their homework from any location, at any time.

At myhomeworkhelp, we are committed to promoting academic integrity. Our tutors provide solutions that serve as guides for drafting your own work. It is not acceptable to submit someone else's work as your own, as this constitutes academic plagiarism.

Can I chat with my tutor?
K
L

Using our secure chat board, you can now chat directly with your assigned tutor. The chats are encrypted both ways to secure your privacy. This makes your contact with the tutor directly & confidentially, so you can better explain any requirements or changes if needed or just need updates.

You can't contact the experts outside of chat board platform. Sharing any personal information, including but not limited to contact information, goes against our Terms and Conditions and therefore may result in permanently blocking you from the platform. We take any personal data very seriously and we do it for the safety of our users.

Know more about chat board here.

What is your money-back guarantee policy?
K
L

It’s worth noting that our online homework help service rarely leads to disappointment among students. Our expert tutors, along with our support and quality assurance team, are dedicated to providing the best possible experience for our customers. However, if for any reason a student is unsatisfied with their homework help solution, we offer unlimited revisions until they are fully satisfied.

In the rare event that a student remains unsatisfied even after revisions, we offer a money-back guarantee. We want all of our students to feel confident and secure when they turn to us for assistance with their homework, and this guarantee is just one way that we demonstrate our commitment to providing the best possible service. If you have any concerns about our services or the quality of the work you receive, please contact us for support.

What is the expertise of the tutor assigned to do my homework?
K
L

At myhomeworkhelp, we take pride in our team of qualified and experienced tutors. All of our tutors undergo a rigorous selection process and are required to have a minimum of a master's degree in their respective fields. Additionally, they must pass a series of tests to demonstrate their proficiency and ability to deliver quality work. We believe in transparency and providing our clients with the best possible service. You can be confident in the expertise of the tutor assigned to do your homework.

What about privacy & confidentiality?
K
L

Using My Homework Help is absolutely safe. We care about your security, therefore we encrypt all personal data to make every user feel safe while using our services and we don’t share any personal information with any third parties without your permission. Your credit card information is not stored anywhere at My Homework Help, and use of PayPal relies on their secure payment networks. Your identity, payment and homework are in safe hands. You can always be certain of getting professional help and remaining anonymous, while using My Homework Help.