Heuristics that can assist the decision maker in speeding up the decision making process

Management Decision Making: Overview
General Framework
Decision making pervades everything a manager does from deciding about the details in a plan of
action through to making decisions in a control context such as what to do when targets are not met.
George Bush liked to be called The Decider. It is daunting to contemplate the impact of decisions a
President has to make. In business, the manager also makes decisions that impact upon the success of
the business and on people’s careers and lives.
The importance of insights into decision making can be judged by the fact that two Noble Prizes have
been awarded to researchers whose work has enlightened our knowledge of decision making processes.
In the general framework of this paper, you should outline the general approaches to management
decision making.
Individual Components
Each individual should select a key aspect of the decision making process to expound, such as:
 Heuristics that can assist the decision maker in speeding up the decision making process
 Common Biases that can skew the decision making process
 Social influences that might skew the decision making process

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