Task 2 Essay Example | Topics and Well Written Essays - 2000 words

Task 2 - Essay Example determination making is often seen as the central job of the managers who go unders what is to be d sensation, who has to do it, where, when and how it is to be done. Decision making is regarded to the first step in the planning even when it is done quickly by taking a little time to decide and also influences an action just for a minute (Koontz and Weihrich, 2006). There are various theories related to philosophical, numerical and economic sources. This study highlights on the various theories of decision making. The Classical Model The classical decision scheme is straightforward. It assumes that there is only one best dissolver to the problem the decision maker needs to post it, select it and then finally implement it. According the following sequential steps has been designed. flavor 1 Identification of the problem The actual and the desired outcome should be determined and then any fount of disparity existing between the two should be identified. Ste p 2 Diagnose the problem The discipline should be collected and should be analysed properly in order to gain a clear commentary of the nature of the problem. Step 3 Define the secondarys After understanding the nature of the problem the potential options to the solution of the problems must be developed. Step 4 Examine the consequences The probable consequences of all the potential alternatives should be examined rigorously. Step 5 Make the decision The best amongst the potential alternatives must be chosen. While choosing the best alternative one should see that the objective and the goals are maximised. Step 6 Do it The decision must be implemented. The classical model leads to the optimization of strategy. This approach stands on the classical economic theory that is based on the assumptions of apparent goal, full information and cognitive ability to deeply analyse the problem. However practical problems exists that follows this perspective. Decision makers are human beings wh o have emotions, feelings and a variety of interests. Compromise and diversity are the stuffs that are their unremarkable requirement. One objective may be favoured over the other but no one allows one single goal that is an unrealistic one dimensionality to dominate in the working life (Hoy and Miskel, 1991). The notion that the organisational goals are simple and clear is oversimplification. Goals of the institution are often conflicting and complex. The problem of improbability is immanent for the organization. Dealing with the problem of improbability has now become a common agenda in the organization share (Mintzberg, 1983). However there is no such common criterion for dealing with the improbability in the decision making (Thompson, 1967). It is virtually not possible to select the best alternative when the consequences are not known. Improbability makes optimizing an impractical choice. The unnecessary demand for human cognition that cannot be met is another problem with t he optimizing strategy. neither any organization nor any person is capable and smart such that they can conduct upper limit utilization of anything. Even the modern computers are incapable to achieve this feat. For instance the computers are incapable of manipulation the huge quantity of information that is required to choose the simplified move in the game of cheating (Feldman and Kanter, 1965 Hoy and Miskel, 19