Organizational Design Consideration – Explained

by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior

What Factors Affect Organizational Design?The primary factors contributing to the decision of how to the design characteristics of an organization include: Strategy – What is the organizational strategy? How is best promoted by the organizational structure? Size...

Structured Problem vs Unstructured Problems – Explained

by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior

What is a Structured Problem and an Unstructured Problem?Organizational decisions can be further categorized based upon the nature of the problem faced.  What are Structured Problems? Structured problems are routine in nature. They commonly occur in a similar or...

Levels of Certainty in Management Decision Making – Explained

by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior

What are the Conditions for Management Decision Making?Conditions for decision making are common for all individuals. Decisions, however, are subject to conditions of certainty. That is, any decision will vary in the extent to which the decision-maker knows the...

Approaches to Management Decision Making – Explained

by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior

What are some approaches to Management Decision Making?Below are some of the most common approaches used by decision-makers (particularly managers): Expected Value Method Maxi-Max Method Maxi-Min Method Mini-Max Method Each of these is discussed below.What is Expected...

Management Decision Making Models – Explained

by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior

What are Models of Decision Making?We will cover four decision-making approaches as follows:  Rational decision-making model,  Bounded rationality decision-making model,  Intuitive decision-making model, and  Creative decision-making model. Each of these is discussed...

Cognitive Biases and Errors in Decision Making – Explained

by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior

What are the Common Biases & Errors in Decision-Making?Some common decision-making errors and biases are as follows:Overconfidence BiasIndividuals overestimate or have excessive confidence in their ability to predict or foresee future events. This will cause the...