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Managerial decision

Your challenge is to conduct a thorough analysis of a decision process. You are welcome to draw an example from within your work environment, or choose an issue from somewhere else. The idea is to analyze the decision from an overall perspective using the various elements talked about by bazerman. Please draw from the various concepts as appropriate. Hopefully, this will solidify the theme that decision making is a complex process. Subjects to address might include:

The influence of the context on the overall decision making process.
How time pressure, or lack thereof, influenced the process.
Whether or not the process evolved within the decision making event. For example, did the process become more rational or less rational?
Were there any particular influences from power individual or deeply embedded organizational beliefs?
Remember that the overall goal is to demonstrate the ability to insightfully analyze a decision. Examples are also quite useful.

Remember that "as brevity is the soul of wit, so parsimony is the soul of a cogent argument."

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Managerial decision

Your challenge is to conduct a thorough analysis of a decision process. You are welcome to draw an example from within your work environment, or choose an issue from somewhere else. The idea is to analyze the decision from an overall perspective using the various elements talked about by Bazerman. Please draw from the various concepts as appropriate. Hopefully, this will solidify the theme that decision making is a complex process. Subjects to address might include:

The decision process:

The decision process was triggered by the purchase of new financial software that simplified the entry making process, posting of ledgers and getting periodic reports. The decision was to fire three accounting clerks.

From the perspective of elements described by Bazerman, there was heuristic bias in my company against lower level employees. There is a belief that reducing the number of employees will reduce costs. In addition, there was uncertainty when the decision was made. The market demand and revenue level of iron fasteners that my company made and sold was uncertain. This triggered fresh enthusiasm to "reduce costs" in the company. Once the financial controller stated in the executive meeting that he will reduce staff in his department, there was escalation of commitment; he ordered the purchase of the software with the purpose of reducing the costs of the company. There were motivational biases that worked against the accounting clerks. One of them ...

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