Advantages of Group Decision-Making

Topics: Decision making, Decision theory, Risk Pages: 1 (399 words) Published: February 28, 2013
.Advantages of group decision-making
Firstly, group decision making from experts in different areas is beneficial to solve complicate problems. For instance, in a small company, boss often makes suggestions by himself; the result of his behavior relies on the ability of the boss. So there are cases when he can’t make things right, which may be serious fault to the operation of a company. However, people with different backgrounds consider the problems more carefully and comprehensively, as a result, running the company will be in less risk. Secondly, people making decisions in groups are eager to bear more risks individually. Decisions come with risks. People who make the wrong decision will take the responsibility. A contradiction rises up when they attempt to avoid being wrong and at the same time, solve problems correctly. As a result, people will somewhat not dare to make the final decision. Nevertheless, group decision makers can share the risks because each of them has responsibility for the suggestions to the problem. Moreover, individual risks are decreased when some others rectify the suggestion for him or her. 2.Disadvantages of group decision-making

Firstly, low efficiency in decision-making, everyone has his own opinions and under certain circumstances such as brainstorming, it costs more time to decide what to do by group decision-making than by personal decision-making. If things go well, the results will come out quickly. But if each of them in a group can’t comprise in the end, nothing will be achieved. For example, there is news from CCTV about the 2012 DOHA Climate Change Conference, ”Nearly 200 countries haggling over how to stop climate change - and how to pay for it - failed to reach a deal on schedule Friday. That sets the stage for the wrangling to continue late into the night.” Things like these are usually occurred when a large number of people attend. Finally, the conference extended until they arrive at an agreement. Secondly, group...
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