An example of a group business decision making
The CEO read your strategic plan and is very impressed with your suggestions and the speed with which your group developed the plan. He would like more groups within the organization to be as effective and efficient as your group was with this project. In order for other members of management to benefit from your group's experience you are to create an article for the corporate management newsletter that addresses the following:
What type of decision making process did your group use to arrive at a consensus decision?
In what ways is the group decision making process different from the individual decision making process?
Did your group avoid or reduce group biases or errors? If yes, how? If no, why not or what happened?
What are the implications of social influence for individuals and organizations?
This solution explains the group business decision-making process through discussion and illustrative examples. Different types of group decision making processes are explained in terms of arriving at a consensus decision and compared to the individual decision making process. It also explains ways for a group to avoid or reduce group biases or errors and the implications of social influence for individuals and organizations.
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