Decision Making for Individuals are Inundated

Question: Discuss about the Decision Making for Individuals are Inundated. Answer: Introduction: Everyday individuals are inundated with decisions to be taken that have a long-lasting impact on their lives. Understanding how decisions are made is a matter of discussion in the field of cognitive psychology receiving much attention. Decision-making style and process has received much attention since a long time as it has been noticed that decision-making process varies depending on the perceived importance of the decision (Xu 2015). I personally change my decision making process as per the importance of the decision that I am about to take. In cases where the decision is not of much importance, I tend not to devote much time in the process of taking up the decision. However, for cases where the impact of the decision has a strong relation with other aspects of my life, I usually follow all the logical steps involved in a suitable decision making process. My decisions are based on an adequate knowledge that I gather from a number of resources, including peers, family members, books and over the internet. Peers and family members provide with information connected with real-life scenarios related to my life. Information gathered from books and the internet helps in the decision making process by providing a wide range of information (Byrnes 2013). In cases when my decision is proved wrong, the feelings that I have are apprehension and uneasiness. However, I try to take lessons from the mistakes that I have made and avoid repeating them in future. Managers have the responsibility of making the right decisions, and they must follow certain steps in making the decision the right one. Evidence-based decisions are the foundation of proper decision making, and managers must use scientific evidence rather than trusting the instincts. Practical experiences and judgment based on expert opinion help managers to take up a decision that is effective for the overall benefit (Xu 2015). Response to post of LiezlAlimYambao As per the post, decision making is a process that each one of us faces every day. I agree to this as we need to make some form of decisions in every sphere of our lives, be it professional or be it personal. In the post, it has been stated that decision is taken depending on the gravity of the situation and the significance of the decision on own life. According to Bazerman Moore (2008), a decision needs to be taken based on the purpose of the decision. There are some points of concerns that are to be kept in mind while taking up the decision. These include the issue regarding which the decision is being taken up, the reason why the problem is to be solved and who would be affected by the decision taken. It has been stated in the post that it is normal to have a particular reaction when a decision is being taken and how one handles such reactions forms the basis for future decisions. My friend has stated that there is a feeling of frustration and sadness when it is realised that th e decision take is wrong. However, satisfaction is felt as because of the understanding that the decision making process had been a fulfilling one. As opined by Anderson et al. (2015), any decision taken up at any certain point of time, if deliberated, is reliant on the data available at that time. Subsequently, there are changes in the circumstances and data available. However, the thoughts that one have can shape up reality. One must, therefore, stop having negative thoughts when a decision proves to be wrong and perceive an optimistic attitude for having a positive impact on the future decisions. One must not be hard on himself regarding any decision taken and must always learn from what the identified mistakes are. Response to post of Michal Krajcik In the mentioned post it has been stated that my friends decision making process is based on rational analysis and there is a major role of logic and quantitative thinking in the decision making process. I personally agree to such thought process as rational, and logical decisions always prove to be effective and beneficial. However, there are certain instances when intuitive approach helps in the decisions making process. As stated by Triantaphyllou (2013) in certain cases there is no sufficient time to carry out a rational analysis. In cases where a rapid response is required, it is necessary to take up the decision in a swift process. When dealing with information that is conflicting, incomplete or ambiguous, decisions may not be taken up in a rational manner. When the issue arising is a poorly structure one, there are chances that the decision is taken up in haste. I agree to the fact that decisions may not be always possible to be taken up following a guideline steps. One must w ait for the results to be evident and accordingly one must react to it. The post discusses the questions that a manager must ask before taking up a decision and these questions revolve around the needs of the situation, the right outcomes as desired by the organisation and the opportunities that lie in future. I too have the perception that managers are accountable and responsible for the decisions that are taken up. Managers need to do a certain amount of brainstorming to analyse the context in which the situation is being taken up to develop the action plan based on the decisions made (Bazerman Moore 2008). References Anderson, D.R., Sweeney, D.J., Williams, T.A., Camm, J.D. Cochran, J.J., 2015.An introduction to management science: quantitative approaches to decision making. Cengage learning. Bazerman, M.H. Moore, D.A., 2008. Judgment in managerial decision making. Zsambok, C.E. Klein, G., 2014.Naturalistic decision making. Psychology Press. Byrnes, J.P., 2013.The nature and development of decision-making: A self-regulation model. Psychology Press. Triantaphyllou, E., 2013.Multi-criteria decision making methods: a comparative study(Vol. 44). Springer Science Business Media. Xu, Z., 2015.Uncertain multi-attribute decision making: Methods and applications. Springer.