Organizational Theory and Decision-Making Processes
Order ID |
53563633773 |
Type |
Essay |
Writer Level |
Masters |
Style |
APA |
Sources/References |
4 |
Perfect Number of Pages to Order |
5-10 Pages |
Description/Paper Instructions
Organizational Theory and Decision-Making Processes
Organizational, Theory, Decision, Making, Processes
Question: Module 7 Discussion Forum
Explain the role of intuition in decision making.
Follow below rules to complete the assignment.
Within each module, there is a list of key terms. Each student will select one of the key terms and conduct a search of Campbellsville University’s online Library resources to find 1 recent peer reviewed article (within the past 3 years) that closely relate to the concept. Your submission must include the following information in the following format:
DEFINITION: a brief definition of the key term followed by the APA reference for the term; this does not count in the word requirement.
SUMMARY: Summarize the article in your own words- this should be in the 150-200-word range. Be sure to note the article’s author, note their credentials and why we should put any weight behind his/her opinions, research or findings regarding the key term.
DISCUSSION: Using 300-350 words, write a brief discussion, in your own words of how the article relates to the selected chapter Key Term. A discussion is not rehashing what was already stated in the article, but the opportunity for you to add value by sharing your experiences, thoughts and opinions. This is the most important part of the assignment.
REFERENCES: All references must be listed at the bottom of the submission–in APA format. (continued) Be sure to use the headers in your submission to ensure that all aspects of the assignment are completed as required.
Explain the role of intuition in decision making
We can say that intuition has always played a very crucial role in the decision making processes in the organizations. The intuition can be described as a “non-sequential information processing mode” where judgments are made via cognition and emotions and building a relationship between the two.
Two types of choices are there for individuals either to use intuition or a more deliberative decision-making style and vice a versa. Individuals choose one another method interchangeably and very naturally. (Sinclair, M., 2005). It all depends on their mood actually, if their mood is good they tend to go for intuitive style and if the mood is bad they gravitate toward more deliberative. It is very difficult and hardly proven by the researchers, the ways in which intuition influences the decision-making process.
In an article, the author Bonnie Marcus has explained that as per her experience decision-making is the biggest challenge facing business leaders. Heuristic snap judgments are sometimes identified as intuition. It is suggested to have the counsel of coworkers when it comes to huge pressure for making decisions fast in a tedious situation.
But also, the interesting thing is that making sound decisions the best and biggest resource is within us only which is our intuition. (Bonnie Marcus, 2015). She further has explained that they are always guided to leave behind their emotions at home when it comes to making the actual judgment.
In the corporate world, there is hardly any room for feelings and emotions when it comes to decision making in businesses but after counseling everyone in the organization and combining the collected facts and reviews the ultimate thing is our gut is the overall best counsel. (Bonnie Marcus, 2015).
There are two best challenges described by the author which explain how difficult and tedious the decision-making process is.
1) Level Of Organizational Complexity: In a very fast-paced working environment or quickly establishing a business decision-making process have interconnections all over from different parts of an organization. Cognitive processing is really a tough task for very composite situations.
There have been many research in neuroscience that proves that there is only a limited amount of memories can be absorbed by a human mind. Complex decision-making require all parts of the brain to work simultaneously.
2) The level of Overthinking for Best Decision-Making: There is a stage when leaders get tired of overthinking and enough is enough. The data collected from all the resources and analyzing that data to make the best out of it push the leaders to a level of overthinking and after reaching at the peak of thinking they have to stop it.
At this level the input exceeds values and they required to acquire more data. The overthinking tipping point where the mind stops working is not considered as a manipulated time but it generates a power of sense to wait more because the results will be ultimately counterproductive.
References: Bonnie Marcus. (Sep 1, 2015). Intuition Is An Essential Leadership Tool. Retrieved from: https://www.forbes.com/sites/bonniemarcus/2015/09/01/intuiton-is-an-essential-leadership-tool/#4750d4771c18 Marry E. Corrado. (June 26, 2018). Can Intuition Play a Role in Effective Decision-Making?. Retrieved from: https://www.aseonline.org/News/Articles/ArtMID/628/ArticleID/1523/Can-Intuition-Play-a-Role-in-Effective-Decision-Making Sinclair, M. (2005). “Intuition: Myth or a Decision-making Tool?” (PDF). Management Learning. 36 (3): 353–370.
Classmate disc2: by Lokesh Ballani – Monday, 20 April 2020, 4:21 AM
Intuition can be defined as a mechanism of making decisions bases rapid, recognition of non-conscious patterns and associations to generate affectively charged judgments. Simply put managers harnessing vast professional experience find solutions to problems without being able to show how they have achieved the end result.
There are three factors which directly influence the decisions made through intuition which are:
- Relying on the judgment:Managers make use of judgments when quick decisions are to be taken, when there is insufficient or incomplete data and when there is no prior example of the same situation. This helps when managers are unable to identify or analyze work process flows, hence limiting all computational data (Georgios, 2017).
- Relying of Experience:Managers make use of their previous experiences based on knowledge process, products, markets and consumer behavior. Intuition is also an ability which is gained through experience.
- Making use of “Gut Feeling”:One of intuition’s characteristic process is decisions made on gut feeling. While taking such decisions managers may be biased, and when the decision turns to be a wrong one, they would not be able to defend themselves rationally.
To make informed decisions while using intuitions where are some guidelines which managers and organizations are compelled to consider:
- Make use of structured process if time permits.
- Better listening of ideas of peers, board members, and feedback from subordinates.
- Reflecting on the decisions and its possible consequences before implementation.
- Distance yourself from any prejudice and all bias, managers should take impartial approach to any decisions made through intuition.
- Make use of decision-making games to simulate market scenarios this helps in providing a risk free environment to devise a strategy (decision-making-solutions.com, 2018).
- Frequent market analysis, case studies and situation assessments.
- Managers should examine all beliefs and categorize them into reliable evidences and facts.
References
decision-making-solutions.com. (2018). Intuitive Decision Making
https://www.decision-making-solutions.com/intuitive_decision_making.html
Georgios, M. (2017). The role of intuition in executive strategic decision making. Retrieved from,
https://pdfs.semanticscholar.org/d669/4da0360ff9587fecfc20ddc28c00527f3904.pdf
RUBRIC
QUALITY OF RESPONSE |
NO RESPONSE |
POOR / UNSATISFACTORY |
SATISFACTORY |
GOOD |
EXCELLENT |
Content (worth a maximum of 50% of the total points) |
Zero points: Student failed to submit the final paper. |
20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. |
30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. |
40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. |
50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. |
Use of Sources (worth a maximum of 20% of the total points). |
Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. |
5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. |
10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. |
15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. |
20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. |
Grammar (worth maximum of 20% of total points) |
Zero points: Student failed to submit the final paper. |
5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors |
10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors |
15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. |
20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. |
Structure of the Paper (worth 10% of total points) |
Zero points: Student failed to submit the final paper. |
3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. |
5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper |
7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. |
10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. |
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