(i) As a manager you know that there are complexities in decision making. Using the case study above, discuss the potential sources of complexities in decision making for you decision maker. as a
There is an urgent need to improve our decision-making. Yet how? Then why? This Millennium discussion pinpoints managing growing complexity as our main obstacle and names new computational techniques and digital media resources as the key sources of solutions.
Although both claims are true, they are too limited. Generally speaking, complex systems are those that have numerous nested and organised interrelations among their component entities, such as those found in living things (of which more below). We must both improve our comprehension of complexity and take into account factors other than complexity and digitalization.
In addition to the complexity just described, there are aspects of our current world that we frequently mistake for complexity but that mainly just make our lives more difficult:
(i) Trans-institutionalization and globalisation, which both call for incorporating culturally disparate agendas, timetables, and other elements;
(ii) increasing change's speed;
(iii) expanding time and space-scales of effects.
For instance, the issue of climate change is impacted by all three characteristics. These increase the number of factors we must take into account and the restrictions we must adhere to, greatly complicating our decision-making, but they do not constitute true complexity.
In addition to digitalization, computers can frequently be used to solve these issues, and the Millennium discussion offers helpful advancements and suggestions. However, quick decisions frequently alter the nature of the decision-making process, not just its speed. Regardless of how helpful cost-benefit-risk analysis may be in other contexts, using it to make decisions while a lion is charging toward you is insane. It won't help to simply have faster or networked computers when deciding when to change your decision-making process or which alternative method to select.
Our lives are becoming more and more dependent on our capacity for knowledge and skill, but this need is underappreciated. Complex systems are a good example of it, so let's think about them now.
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