Decision-Making Model Analysis Paper

Topics: Decision making, Decision theory, Consensus decision-making Pages: 3 (1066 words) Published: July 28, 2005
Be willing to make decisions. That's the most important quality in a good leader. Don't fall victim to what I call the Ready- Aim-Aim-Aim Syndrome. You must be willing to fire. -- T. Boone Pickens

Decision making processes are essential in today's working world. In order to compete in the innovative and technical businesses of today future managers must be able to make critical decisions, some expeditiously and some with great care. Managers must be able to be proactive, make decisions and be able to live with the consequences and how they will affect the company as a whole. Managers who can use the right decision making styles at the right time are more valuable to their employers. Decision making is an important component of critical thinking is. It is important that the decision making process chosen is completely understood so it can be fully understood by all members of the team. There are several types of decisions making models such as "Democratic" where majority vote will decide the action". There is also a style called, "Autocratic", with this model the leader "maintains total control and ownership of the decision". The leader is also completely responsible for the good or bad outcome as a result of the decision." (1997 Leadership Management Development Center, Inc.) Whichever model is chosen it should be tailored to fit the specific the issue at hand. Talented managers know how to base their decisions on the requirements and needs of the company. The concepts are especially important to all employees in the leadership capacity. The decision making technique I have decided to illustrate is "Consensus Decision-Making". When this model is chosen the leader gives up total control of the final decision. The entire group is responsible for the outcome. All team members must "buy-in on the decision". A benefit of this method is that the entire team takes responsibility for the outcome and everyone has a stake in the result. This technique involves all...
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