eciDsion Making Styles Decision making style basically depends on managers' approach to decision making. Decision making style propose that people differ in two dimensions when they approach decision making. The first is an individual's way of thinking and second is individual's tolerance for ambiguity. On the basis of the way of thinking and tolerance for ambiguity, decision making styles may be classified as directive, analytic, conceptual and behavioral. 1. Directive Decision Making Style Managers
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Re: Self-assessment of decision-making style ______________________________________________________________________________ Based on the five basic decision-making styles I do not think that I abide to one style. I believe I use the “thinker” and “controller” approach to decision making. Thinkers are known to be the toughest to persuade. They are impressed with arguments that are supported by data and when making decisions they need as much information as possible. Thinkers are adverse to
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Democratic decision making is when the leader gives up ownership and control of a decision and allows the group to vote. Majority vote will decide the action. Advantages include a fairly fast decision, and a certain amount of group participation. The disadvantage of this style includes no responsibility. An individual is not responsible for the outcome. In fact, even the group feels no real responsibility because some members will say, "I didn't vote for that.". Lack of group and personal responsibility
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1. What are your highest and lowest rated styles? My highest style for decision-making is Directive, where I have low tolerance for ambiguity but I am efficient, rational, and logical in the way I think. I am focused on short term and quick to make decisions with minimal information and not carefully analyzing other alternatives. My lowest style would be behavioral, where someone with this style will work well with others, are open to suggestions, and are concerned about the achievements of their
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VIETNAM NATIONAL UNIVERSITY – HCMC INTERNATIONAL UNIVERSITY SCHOOL OF BUSINESS DECISION MAKING STYLES OF BUSINESS MANAGERS IN HO CHI MINH CITY In Partial Fulfillment of the Requirements of the Degree of BACHELOR OF Business Administration Advisor: PHAN TRIEU ANH, Ph.D. Student’s name: DO TIEN THINH (BAIU08113) Ho Chi Minh City, Vietnam, 2012 i DECISION MAKING STYLES OF BUSINESS MANAGERS IN HO CHI MINH CITY APPROVED BY: Advisor Committee APPROVED BY: Phan Trieu Anh, PhD., Chair
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Based on the different gender and different culture, people will make their consumer decision in different way. For an international business manager, he has to know where the most suitable place for the company’s production to go is and satisfied the consumers. Besides, I think this kind of decision-making style difference has to be considered seriously when doing the negotiation. During the negotiation both of the negotiators want to know what others want and try to give their feature companion
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APJEM Arth Prabhand: A Journal of Economics and Management Vol. 3 Issue 1 January 2014, ISSN 2278-0629 EXAMINING THE RELATION OF PERSONALITY FACTORS AND DECISION-MAKING STYLES OF HAKIM SABZEVARI UNIVERSITY MANAGERS FATEMEH BAHRAMI*, MOHAMMAD AMIRI*, ESLAM PARANDVAR* *Hakim Sabzevari University, Assistant Professor at Department of Educational Psychology, Sabzevar, Iran. **Hakim Sabzevari University, Department of Educational Psychology, Sabzevar, Iran. ***Hakim Sabzevari University, Department
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RUNNING HEAD: DECISION-MAKING January 11, 2009 Problem Formulation and Identification Every organization uses its own decision-making style. Some organizations prefer to use a rational style, which centers on facts and figures, and logical and scientific approaches to their problems. Other companies use an intuitive style, which focuses on emotional aspects of problems and gut feelings. Recently, a group of business students observed how decisions are typically made at their own places
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Participative Leadership: Strengths and Weaknesses The simple act of making decisions is an essential task leaders must perform effectively to succeed. Behavioral theories of leadership focus on how leaders approach a situation and whether they dictate orders or involve others to encourage support. Research into decision-making behavior has identified three broad categories of leaders: autocratic, democratic, and laissez-faire (Changing Minds, 2011). This paper will focus on these behavioral theories
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Leadership Style: Participative Introduction A Participative Leadership style requires the leader to include all members of the team to participate in any decision making processes. This is a very common style among new leaders and it is quickly becoming the preferred leadership style with many companies. A participative leadership style can further be broken into three subcategories: democratic, consultative, and consensus. Democratic: This type of participative leadership style is used
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