A632.3.3.R.B_AshbrookRichard


A632.3.3.RB_AshbrookRichard

Framing Complex Decisions



Describe the 3 different tools or approaches for dealing with complex, multiple stakeholders, and environmental decision processes in your organization. Reflect on changes or alterations you would consider ensuring the most successful process possible. Describe the elements in detail and make clear the available options and consequences.

But bring the right people and the right process together, and you’ll win every time, (www.forbes.com).

At Worldwide Jet our top managers are always trying to get the edge on the competition. They do this by efficient strategic decision making and by shifting the competitive advantages relative to other competitors and the market being served. The company recognizing that strategic thinking can no longer be limited to identifying promising industries, core competencies, and strategic positions.



Describe the 3 different tools or approaches for dealing with complex, multiple stakeholders, and environmental decision processes in your organization.

1. Building the information base

2. Identifying constraints

3. Strengthening organizational capabilities



1. Building the information base

At Worldwide jet we believe that teams outperform individuals and that teams do better

We all know that teams outperform individuals. Teams do better not only because they put more people to work on a task, but also because their diverse skills and perspectives have a multiplying effect. Smaller teams work well for this company, it keeps us more organized, involved, and productive. I believed that a great team should fill the right roles, get input from separate members and share perspectives, because decision teams have the power to widen perspectives., and to communicate the what 's and why's.



2. Identifying constraints

Clarifying decision rights and responsibilities also improved the organization’s ability to track individual achievement, which helped it chart new and appealing career-advancement paths. A brilliant strategy, blockbuster product, or breakthrough technology can put you on the competitive map, but only solid execution can keep you there. You have to be able to deliver on your intent, (www.forbes.com). The company must always know their limits and constraints, and this will improve the decision making. These boundaries may include, aircraft, time constraints, money, repairs, manpower, whatever it might be you have to consider all these factors.

At Worldwide jet we will never second-guess.



3. Strengthening organizational capabilities

At Worldwide Jet, we have employed and brought into very sophisticated DSS systems and software to analyze the firm's databases and turn them into information useful for decision makers. From my understanding of what this DSS can translate raw data into a form useful for decision support. Many decisions must be made in the absence of complete information. At this company we have to forecast for the future on buying equipment and hiring personal. Decision makers can sometimes clarify the problem they are working on by listing what could happen and assigning probabilities to each possible outcome (a formal representation of this is known as a decision tree), (www.forbes.com).



Risk Management

At Worldwide Jet we take risk very seriously and it can affect sound decision making.

Risk is the potential that a decision will lead to a loss or an undesirable outcome. In fact, almost any human decision carries some risk, but some decisions are much riskier than others. Risk and decision making are two inter-related factors in organizational management, and they are both related to various uncertainties, (link.springer.com).



References

https://www.forbes.com/sites/eriklarson/2017/03/23/3-best-practices-for-high-performance-decision-making-teams/#546f69f4f971

Hoch, S., Kunreuther, H. (2001). Wharton on making decisions. Hoboken, NJ: John Wiley & Sons Inc.

https://link.springer.com/chapter/10.1007/978-3-642-25755-1_1

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