Decision Making Analysis
Management Theory and Practice/MGT 230
University of Phoenix
Decision Making Analysis
When in a management position within an organization, decisions need to be made on a daily basis. The decision making process is not always an easy process, however. There are four characteristics of managerial decision making: lack of structure, uncertainty, risk, and conflict. Lack of structure exists when management is unsure of how to approach and solve a problem. Uncertainty exists when management does not have sufficient information to make a decision. Risk exists when there is a possibility of a decision being less than 100 percent successful. Finally, conflict exists when management is pressured between two opposing forces, such as individuals or groups (Bateman & Snell, 2011, p. 87-88).
References
Bateman, T., & Snell, S. (2011). Management: leading and collaborating in a competitive world (9th ed.). New York, NY: McGraw-Hill.
