Those who cannot remember the past, are condemned to repeat it.
—George Santyana, The Life of Reason: Introduction and Reason in Common Sense
This week’s resources contain discussions about the history and development of organizational decision making as well as insights into where the field is heading in the future. As a leader in the field of management, you will be faced with a number of different managerial decisions. As you read the resources, think about managerial decision situation in which you have been involved in the past.
Post:
1. Provide a brief description of a decision scenario from your own experience that was particularly challenging.
2. State the organizational level of decision making (strategic, tactical, or operational), the decision environment (certainty, risk, or uncertainty), the type of decision (individual or group), and the approach used to make the decision.
3. Explain what made the decision challenging and what you learned from the experience.
4. Finally, discuss a connection from your decision scenario to one of this week’s resources or a scholarly article about decision making of your own choice.
Week’s Resources
· Stevenson, W. (2014). Operations management (12th ed.). New York, NY: McGraw-Hill/Irwin.
Supplement to Chapter 5, “Decision Theory” (pp. 216–218)
· Buchanan, L., & O’Connell, A. (2006). A brief history of decision making. Harvard Business Review, 84(1), 32–41.
Retrieved from the Walden Library databases.
Note: This is a seminal article.
·
Pomerol, J.-C., & Adam, F. (2004). Practical decision making — From the legacy of Herbert Simon to decision support systems. Paper presented at the IFIP International Conference on Decision Support in an Uncertain and Complex World. Retrieved from http://www.researchgate.net/publication/228887070_Practical_Decision_MakingFrom_the_Legacy_of_Herbert_Simon_to_Decision_Support_System
Note: This is a seminal article.
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