Explore the relationship between the various ways that decision making in organisations may be described and explained and the methodologies to support decision making.
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Decision-making is an important part in every organisation. There are many theories on decision- making and how decision making should be approached. The main theory on decision- making is the Rational Economic Model (REM). Others include descriptive decision theory and image theory. The theory of decision- making is supported by different methods. The main methods of implementing the theories are operational research (OR)/ management science and soft systems methodology (SSM). Other methodologies to support decision-making are strategic choice. This essay will mainly look at the relation…
- Explore the relationship between the various ways that decision making in organisations may be described and explained and the methodologies to support decision making.
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