In: Economics
Modelof Decision Making
Organization,s Decision making makes a lot of impact and reduces the uncertainty.
As we have already collected evidence, weighed the alternativesa and thus making decision in such basis make organization more effective and efficient and transparent.
This model is generally uses at higher level of management and organization decision making.
This model is based on rationality approach at individuals level. The decision is handled to a group,
The group intepret the goals associated and problem and discussion on them and than reached at conclusion. After that opinion are share with each other and make sure to choose best open and than decision priority are set.
Larger firms has a lot of groups of people and thus it have give more opportunity to choose best of the best decision after selecting best group decision as group are given importance to handle problem and giving solution.
So this model give democratic way of decision making and thus it is most efficient and effective in decision making.