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DECISION-MAKING - Coggle Diagram

- - - - clear and unambiguous problem
      - single, well defined goal
      - all consequences and alternatives are known
      - clear preferences
      - stable and constant preferences
      - no time or cost constraints
      - final choice to maximise profits
    - - "good enough" decisions
      - captures essential features of a problem
      - bounded by limitations and constraints, managers behave rationally
    - - subjective
      - Based on:
        
        Previous experience
        
        "gut-level feeling"
        
        accumulated judgement
      - creative based industries may benefit from intuitive based decision making
- - - - easily defined
      - routine
      - standardised approach
      - procedure
        
        rule
        
        policy
    - - new
      - unusual
      - new structure created
      - custom approach
      - unique + non-recurring
        
        tailored solution
- - - - increased reliance
        
        teams
        
        collaboration
      - good/talented people
        
        heard
    - - complete info and knowledge
      - diverse alternatives
      - increased acceptance of solutions
      - increase legitimacy
        
        extra ratification
    - - time consuming
      - minority domination
      - pressure to conform
      - ambiguous responsibility