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Week 6 (Decision-making
conditions, styles and
errors (decision-making…
Week 6
Decision-making
conditions, styles and
errors
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Linear
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Rational, logical thinking
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non-linear
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process information through internal insights, feelings and hunches
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POLC info
Summary
• Decision-making influenced by sources, quality, and reliability of information. Managers are faced by a lot of data
• Ability to engage in critical thinking, analysis, and reflection determines how well one makes decisions based on available information. Done to determine the most reliable data and what decision is best
• The execution of the managerial functions of POLC results in decision-making, often daily
• Big Data and its associated analytics changing contemporary debates and arguments around decision-making
• As organizational decisions increasingly become more data driven, managers need to consider inclusiveness of data (i.e. who uses it) in addition to the use of data for productive purposes
Managerial functions of planning, organising, leading, and controlling are executed through accessing information and using the same to decide between alternative courses of action