Developing Effective Decision Models - 1692 Words

Week 6 Page 1 Decision Models – Problem Analysis LDSP: 6720 – Developing Effective Decision Models July12, 2010 Week 2 Page 2 There are a number of different problem solving methods, techniques and styles, and the purpose of this paper is to review the analysis portion as it relates to the case study assigned to this week. Further, this paper will provide a critique to the solution of the case study problem which will include three distinct errors made in the problem solving phase. The errors were overcome, but not without much anxiety, lost time and heightened emotions. The three errors, which all occurred at separate phases of the analysis, at times also were transpiring†¦show more content†¦The research revealed that senior managers fail to see fact- and data-driven analysis as critical when making key business decisions and instead rely heavily on â€Å"gut feel† and â€Å"soft† factors such as consultation, intuition and experience. In essence, decision-makers revert to best guesses rather than making empirical decisions (Accenture, 2010). It would seem then, that the system of solving problems and making decisions has not fully evolved from an emotional or intuitive process into a scientific or analytical process. Decision Dynamics provides an assessment that suggests certain trends in problem solving and decision making (Decision Dynamics, 2010). We are, apparently, emotional first and rational second. Therefore, the emotions associated with the disgruntled workers and the perceived threat of a labor dispute or contract negotiation issue (once again – not knowledge but assumption) causes the team to fall into a ‘lack of precision trap’ outlined by Matheson Matheson in their book entitled The Smart Organization-Creating Value Through Strategic RD (1998). The authors suggest the lack of precision is what causes some organizations to mis-identify the problem, cause inaccurate analysis and eventually lead to inappropriateShow MoreRelatedDeveloping Effective Decision Models Essay examples2325 Words   |  10 PagesWeek 2 Page 1 Decision Models – Problem Categorization LDSP: 6720 – Developing Effective Decision Models June 14, 2010 Week 2 Page 2 There are a number of different problem solving methods, techniques and styles, and the purpose of this paper is to explore some of those differences. One can apply a systematic approach to problem solving, an emotional approach or an intuitive or ‘gut feel’ approach. Further, there are procedures and formulasRead MoreDecision Making : An Essential Skill Of A Productive And Successful Manager1089 Words   |  5 PagesDecision-making is an essential skill of a productive and successful manager as it has direct impact on the organization and team. 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