Answered: We learned about four different…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Question

We learned about four different decision-making approaches in this week’s readings and lectures. They are rational approach, bargaining approach, public choice approach and participative approach.

Identify the public organizations that handled the COVID-19 pandemic. How did public organizations handle the COVID-19 pandemic describe the decision making process, which decision-making approach is similar to the approach they used and why? What are the strengths and weaknesses of the decision-making process? Identify at least one strength and one weakness. Please provide two suggestions to improve the organization’s decision-making quality and explain why.

Expert Solution

Introduction:

Decision-making is a crucial process in any organization, as it determines the direction and actions taken to achieve specific goals and objectives.
In the context of organizations, there are different approaches to decision-making, each with its own strengths and weaknesses.
This week, we learned about four different decision-making approaches: the rational approach, the bargaining approach, the public choice approach, and the participative approach.
These approaches vary in terms of the level of involvement of different stakeholders, the decision-making process, and the criteria used to make decisions.
Understanding these different approaches can help organizations make informed decisions and achieve their goals effectively.