unit 1 module 2 lecture 2 - decision-making

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CorporateDecision-MakingLecture 2 : 

CorporateDecision-MakingLecture 2

Review – What’s the difference? : 

Review – What’s the difference? Individual Decision vs. Corporate Decision High Quality vs. Low Quality Decision Structured vs. Unstructured Decision

Basic Models for Corporate Decision-Making : 

Basic Models for Corporate Decision-Making Rational Models Assume decision makers will want to use reason and data to determine the choice with the best cost/benefit ratio for the larger body. Political Models Assume that decision-making revolves around power, conflict management, and compromise (that people compete to have their preconceived agendas satisfied)

Primary Political Models for Corporate Decision-Making : 

Primary Political Models for Corporate Decision-Making Autocratic Model – Assumes that an individual is in a better position to make decisions than others. Oligarchic Model – Assumes that a small group is in a better position to make decisions than the larger body Democratic Model – Assumes that decisions should be made jointly by all those who are affected by those decisions.

Tension between using democracy or autocracy : 

Tension between using democracy or autocracy We believe that all points of view must be heard. We are under time pressures to get the job done. Participative decision-making is worth the time & effort. We don’t have time. Cooperation is wonderful. Competition is natural.

The Vroom-Yetton Model for Corporate Decision-making : 

The Vroom-Yetton Model for Corporate Decision-making Takes into account both rational and political aspects of corporate decision-making Designed to determine whether the “best” decision should be made democratically or autocratically.

Determinants of a Decision Making Process in Vroom-Yetton : 

Determinants of a Decision Making Process in Vroom-Yetton A high quality decision? Sufficient information? A structured decision? Acceptance by subordinates necessary? Would solo decision by the leader be accepted by subordinates? Do subordinates share the goals to be attained in solving the problem? Is conflict likely with the preferred solution?

Module 2 – Activity 2 : 

Module 2 – Activity 2 Using the Vroom-Yetton model, determine the decision style that is preferable for several different church decision scenarios.

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