Question

Decision-making, sustainability, values & ethics

1. How does each of the following models of decision-making work, and when should it be used?

• Management science
• Carnegie model
• Incremental model
• Garbage can model

Answer 1

Decision making is a crucial part of a management system. The management science model of decision making helps the company make decisions in the uncertainty or unpredictability. The business environment of few industries is much dynamic than the other industries. Some firms also require a well-researched decision-making process. The management science model helps managers assess the business environment to make better and practical plans. However, not every industry requires this type of well-researched well-researched decision-making process. In industries such as the legal industry and automobile industry, the model plays an important role. It is because these industries observe changes on a duly basis. The next model is the Carnegie model. It is the model that enhances the decision making power of every manger. A manager decides according to his prudence, and then every other manager collectively decide for the problems, and issues in the company. The model is useful in industries that have more bargaining power and influence. The next model is the incremental model. The model focuses on yeh events of the problem to derive a solution. The model helps the managers to derive the most effective solution from the facts of the problem. The model is useful in industries with varied functions. For example, these kids are useful in manufacturing enterprises. The last model is the garbage can model, which argues that all its decisions are random and unsystematic. It is because the company makes many decisions at a single time. Hence, the model is not advisable for the companies.