Compare and contrast individual and group decision-making. What are the advantages and disadvantages of each? Are there certain decisions that are better suited to individual decision-making? What bounded awareness issues are found in individual versus group decision-making?
Compare and Contrast
Similarities: Individual and group decision making involves the use of cognitive processes for decision development. Both forms of decision making follow the stages of decision scenario assessment, information organization, defining alternatives for developing decisions and selecting best fitted or suitable decisions for the identified problem (Leong & Austin, 2006).
Differences: In individual decision making, the main focus is on the interpersonal dynamics of individuals. In contrast to this, in group decision making, the main focus is on cognitive dynamics as critical antecedents. ...
In this response, comparisons and contrasts are made between individual and group decision-making. Also advantages and disadvantages of both type of decision making are discussed.