Decision-making processes


Groups maybe both a boon (for example, statistically outperform individuals) and a bane (for example, take too long) of decision making. They can systematically outperform individuals. However, groups are also prey to systematic bias and organizational skewing.

Consider the systematic decision-making processes of your own organization, respond to the following:

• What are the group decision-making processes and structures in place at your current or with a previous employer that were designed to eliminate bias, create structure, and cultivate consistently better decisions?

• Were the processes successful? Why, or why not?

• How may the structure have facilitated organizational skewing?

Write your initial response in approximately 300-500 words. Apply APA standards to citation of source would you make to further objectify the systems they have in place?

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Finance Basics: Decision-making processes
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