Organizational Theory and Decision Making Processes
Order ID:89JHGSJE83839 Style:APA/MLA/Harvard/Chicago Pages:5-10 Instructions:
Organizational Theory and Decision Making Processes
Question: Module 7 Discussion Forum
Explain the role of intuition in decision making.
Follow below rules to complete the assignment.
Within each module, there is a list of key terms. Each student will select one of the key terms and conduct a search of Campbellsville University’s online Library resources to find 1 recent peer reviewed article (within the past 3 years) that closely relate to the concept. Your submission must include the following information in the following format:
DEFINITION: a brief definition of the key term followed by the APA reference for the term; this does not count in the word requirement.
SUMMARY: Summarize the article in your own words- this should be in the 150-200-word range. Be sure to note the article’s author, note their credentials and why we should put any weight behind his/her opinions, research or findings regarding the key term.
DISCUSSION: Using 300-350 words, write a brief discussion, in your own words of how the article relates to the selected chapter Key Term. A discussion is not rehashing what was already stated in the article, but the opportunity for you to add value by sharing your experiences, thoughts and opinions. This is the most important part of the assignment.
REFERENCES: All references must be listed at the bottom of the submission–in APA format. (continued) Be sure to use the headers in your submission to ensure that all aspects of the assignment are completed as required.
Explain the role of intuition in decision making
We can say that intuition has always played a very crucial role in the decision making processes in the organizations. The intuition can be described as a “non-sequential information processing mode” where judgments are made via cognition and emotions and building a relationship between the two.
Two types of choices are there for individuals either to use intuition or a more deliberative decision-making style and vice a versa. Individuals choose one another method interchangeably and very naturally. (Sinclair, M., 2005). It all depends on their mood actually, if their mood is good they tend to go for intuitive style and if the mood is bad they gravitate toward more deliberative. It is very difficult and hardly proven by the researchers, the ways in which intuition influences the decision-making process.
In an article, the author Bonnie Marcus has explained that as per her experience decision-making is the biggest challenge facing business leaders. Heuristic snap judgments are sometimes identified as intuition. It is suggested to have the counsel of coworkers when it comes to huge pressure for making decisions fast in a tedious situation.
But also, the interesting thing is that making sound decisions the best and biggest resource is within us only which is our intuition. (Bonnie Marcus, 2015). She further has explained that they are always guided to leave behind their emotions at home when it comes to making the actual judgment.
In the corporate world, there is hardly any room for feelings and emotions when it comes to decision making in businesses but after counseling everyone in the organization and combining the collected facts and reviews the ultimate thing is our gut is the overall best counsel. (Bonnie Marcus, 2015).
There are two best challenges described by the author which explain how difficult and tedious the decision-making process is.
1) Level Of Organizational Complexity: In a very fast-paced working environment or quickly establishing a business decision-making process have interconnections all over from different parts of an organization. Cognitive processing is really a tough task for very composite situations.
There have been many research in neuroscience that proves that there is only a limited amount of memories can be absorbed by a human mind. Complex decision-making require all parts of the brain to work simultaneously.
2) The level of Overthinking for Best Decision-Making: There is a stage when leaders get tired of overthinking and enough is enough. The data collected from all the resources and analyzing that data to make the best out of it push the leaders to a level of overthinking and after reaching at the peak of thinking they have to stop it.
At this level the input exceeds values and they required to acquire more data. The overthinking tipping point where the mind stops working is not considered as a manipulated time but it generates a power of sense to wait more because the results will be ultimately counterproductive.
References: Bonnie Marcus. (Sep 1, 2015). Intuition Is An Essential Leadership Tool. Retrieved from: https://www.forbes.com/sites/bonniemarcus/2015/09/01/intuiton-is-an-essential-leadership-tool/#4750d4771c18 Marry E. Corrado. (June 26, 2018). Can Intuition Play a Role in Effective Decision-Making?. Retrieved from: https://www.aseonline.org/News/Articles/ArtMID/628/ArticleID/1523/Can-Intuition-Play-a-Role-in-Effective-Decision-Making Sinclair, M. (2005). “Intuition: Myth or a Decision-making Tool?” (PDF). Management Learning. 36 (3): 353–370.
Classmate disc2: by Lokesh Ballani – Monday, 20 April 2020, 4:21 AM
Intuition can be defined as a mechanism of making decisions bases rapid, recognition of non-conscious patterns and associations to generate affectively charged judgments. Simply put managers harnessing vast professional experience find solutions to problems without being able to show how they have achieved the end result.
There are three factors which directly influence the decisions made through intuition which are:
- Relying on the judgment:Managers make use of judgments when quick decisions are to be taken, when there is insufficient or incomplete data and when there is no prior example of the same situation. This helps when managers are unable to identify or analyze work process flows, hence limiting all computational data (Georgios, 2017).
- Relying of Experience:Managers make use of their previous experiences based on knowledge process, products, markets and consumer behavior. Intuition is also an ability which is gained through experience.
- Making use of “Gut Feeling”:One of intuition’s characteristic process is decisions made on gut feeling. While taking such decisions managers may be biased, and when the decision turns to be a wrong one, they would not be able to defend themselves rationally.
To make informed decisions while using intuitions where are some guidelines which managers and organizations are compelled to consider:
- Make use of structured process if time permits.
- Better listening of ideas of peers, board members, and feedback from subordinates.
- Reflecting on the decisions and its possible consequences before implementation.
- Distance yourself from any prejudice and all bias, managers should take impartial approach to any decisions made through intuition.
- Make use of decision-making games to simulate market scenarios this helps in providing a risk free environment to devise a strategy (decision-making-solutions.com, 2018).
- Frequent market analysis, case studies and situation assessments.
- Managers should examine all beliefs and categorize them into reliable evidences and facts.
References
decision-making-solutions.com. (2018). Intuitive Decision Making
https://www.decision-making-solutions.com/intuitive_decision_making.html
Georgios, M. (2017). The role of intuition in executive strategic decision making. Retrieved from,
https://pdfs.semanticscholar.org/d669/4da0360ff9587fecfc20ddc28c00527f3904.pdf
Organizational Theory and Decision Making Processes
RUBRIC
Excellent Quality
95-100%
Introduction 45-41 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Literature Support
91-84 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Methodology
58-53 points
Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met.
Average Score
50-85%
40-38 points
More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided.
83-76 points
Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration.
52-49 points
Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met.
Poor Quality
0-45%
37-1 points
The background and/or significance are missing. No search history information is provided.
75-1 points
Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration.
48-1 points
There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met
You Can Also Place the Order at www.collegepaper.us/orders/ordernow or www.crucialessay.com/orders/ordernow