Individual and Group Decision Making
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When making business decisions there are issues that may call for either group or individual decision making.
What are the times when each decision making approach is most effective?
What are the general advantages and disadvantages of each approach?
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Solution Summary
This solution compares individual and group decision making, highlights the strengths and weaknesses of both, and explains in which situations each is most effective.
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What you are really asking here would be an age old question "are two heads better than one"? Since people work in groups so often we could easily make the assumption that group decision making would be better than individual decision making. It is clear that we have determined the task to be decision making so let's take a closer look. There are certainly advantages when making a decision utilizing a group, one, very simply, is because you have a larger pool of perspectives and experience. Because of this, the possibility exists that the group would be more creative and produce a more effective decision. Groups can make a task more enjoyable where you have the motivation factor which can help to make even the toughest decisions easier. If your group is diverse you will also find that the decisions made will be more comprehensive. Implementation of a group decision should be easier since more people will be vested in the success of the decision.
Now many organizations find group decisions to be a great thing however there are problems with group decisions. Rarely would you find a group that will outperform their best member and although groups certainly can be a good way to come to a great ...
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