An analysis of two decision-making models; the 9 step model and the decision tree.
Research Paper # 92715 |
1,053 words (
approx. 4.2 pages ) |
2 sources |
MLA | 2007
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$ 22.95
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Abstract
The paper compares the 9 step model to the decision tree in terms of advantages and disadvantages, as well as the approach to problems presented. The paper defines what the decision tree is and looks at how, in terms of a managerial or work-related decisions, the decision trees are useful. The decision trees clearly state out different courses of action, as related to different variables and restraints that may appear. The paper looks at the advantages of using a decision tree when making a decision. By comparing the two different models, the paper concludes that the decision tree is actually part of the 9 step model as the 9 step model is more complete in its approach.
From the Paper
"The decision tree starts with listing the decision that needs to be made , listed at the top of the tree. Each possible solution that can be adopted depending on different variables will form different branches of the decision tree. Each branch may carry its own ramifications, if, for example, each solution brings about new conditional variables (for example, an organization may have to decide on either launching a new product or consolidating the existing one, but launching a new product can be done either through innovation or through purchasing an existing line from a competitor). Each of the branches will have a measurable outcome, evaluated in term of cost, profitability, increase in market share etc. Each outcome will have attached an estimated probability that it will happen. Multiplying the probability with the outcome value for each node will allow us to have, in the end, a final score for each of the possible decisions and numerically evaluate the options."
Tags:outcomes, analyze, optimal, decision, evaluating, factors, solution, implementation
A discussion on the impact of decision-making technologies on management decision-making styles.
Term Paper # 142796 |
750 words (
approx. 3 pages ) |
3 sources |
APA |
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$ 16.95
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Abstract
The paper discusses how management decision-making styles may be quite different in different parts of the world: in some regions, individual decision-making is preferred whilst in other nations or cultures the focus is upon group decision-making. Ultimately, it is the contention of this writer that different decision-making technologies will have an impact upon the design of information systems used to support decision-making in international businesses insofar as a system put in place for individual decision-making will focus more on information retrieval (for the individual executive) whilst a system for a group or collective decision-making approach will be fixated more on helping to connect people to one another.
From the Paper
"As we all know, management decision-making styles may be quite different in different parts of the world: in some regions, individual decision-making is preferred whilst in other nations or cultures the focus is upon group decision-making. Ultimately, it is the contention of this writer that different decision-making technologies will have an impact upon the design of information systems used to support decision-making in international businesses insofar as a system put in place for individual decision-making will focus more on information retrieval (for the...)"
Tags:decision, making, information, gathering, styles
Considers how empowerment and participative decision making improves the decision making process within organizations.
Essay # 69897 |
2,300 words (
approx. 9.2 pages ) |
7 sources |
APA | 2005
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$ 42.95
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This paper considers how empowerment and participative decision making improves the decision making process within organizations. It looks at downsizing efforts that empower workers and the benefits to the organization of participative decision making.
From the Paper
"In recent years groups have become increasingly important in the American workplace as companies move toward fewer managers, more empowered workers and away from hierarchical organizational structures ..."
Tags:decision making, participative decision making, group decision making, empowerment
An illustration of how organizational behavior can influence conflict and decision making.
Term Paper # 111365 |
1,453 words (
approx. 5.8 pages ) |
32 sources |
APA | 2009
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$ 28.95
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The paper discusses the dichotomy between conflict and decision making in business situations, how these are addressed, both by themselves and together, and how they are understood by the people in that organization. The paper notes that these situations can have much to do with how the organization progresses and whether the people in it get along and understand one another. The paper discusses how conflict does not always come from bad decisions but may originate from disagreements over decisions that turn out to be good, and it can also come from failure to make decisions in a timely manner. The paper also discusses how conflict is often tied to the decision making process and how it is an important and necessary part of running a business.
From the Paper
" The company's performance and the performance of its competitors must be taken into account, as well as other factors, when a decision that will affect the company is being made, and there are several ways to ensure that this information is processed in the best way possible and that the decisions made are the most logical and up to date for the ever-changing market that the organization is involved in. Knowing the market is very important to the company who is using its decision-making strategy to find a larger niche or make itself more well-known or profitable".
Tags:competitors, decision-making, strategy, ideas, attitudes, belief, structures, opinions
An in-depth research paper on the consumer decision making process for purchasing property in Spain.
Dissertation or Thesis # 108463 |
11,610 words (
approx. 46.4 pages ) |
30 sources |
APA | 2007
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$ 135.95
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Abstract
This study investigates the decision process of consumers purchasing property in Spain. The paper focuses on the underlying reasons for purchasing a property in Spain, the methods used by the purchaser to gather information and the overall satisfaction with the purchase process. The paper links a report about current theories on consumer purchasing behaviour to the purchase of property abroad.
The investigation reveals a clear link between the level of satisfaction of the purchase process and the level of information and advice sought. The paper includes flow charts, tables, and graphs. It also appends the questionnaire used in the research and data analysis pages.
Outline:
Abstract
Contents
List of Tables
List of Figures
List of Appendices
Acknowledgements
1. Introduction
1.1 Aspects and Foundation of the Research
1.2 Aim of the Research
1.3 Objectives of the Research
1.4 Hypothesis
2. Literature Review
2.1 Consumer Behaviour
2.2 The Consumer Decision Process
2.3 Problem Recognition
2.4 Information Search
2.4.1 Do Consumers Always Search Rationally?
2.4.2 Determinants of Information Search
2.4.3 Type of search
2.4.4 Evaluation of Alternatives
2.5 The Decision
2.5.1 Affect Referral Rules
2.5.2 Non Compensatory Decision Rules
2.5.3The Lexicographic Rule
2.5.4 Compensatory Decision Rules
2.5.5 Modified Rules for Research
3. Methodology
3.1 Methodology in Similar Research
3.2 Research Approach
3.3 Research Strategy
3.4 Method
3.4.1 Channels of Distribution
3.4.2 Ethics
3.4.3 Data Collection and Analysis
3.4.4 CHI-Square Test
3.4.5 Elements of Bias
3.4.6 Sampling
3.4.7 Pilot Study
3.4.8 Research Constraints
3.4.9 Response Rate
3.4.10 Variables
3.5 Null Hypothesis
4. Results
4.1 CHI Square Test
4.2 Data Interpretation
4.3 Summary of Key Findings
5. Discussion
5.1 Pre Purchase Process
5.1.1 Information Search
5.2 Purchase Process
5.3 Post Purchase Process
5.3.1 Consumer Behaviour Models
5.4 Consumer Profile
6. Conclusion
7. Recommendations and Further Research
8. References
9. Appendices
10. Glossary
From the Paper
"Nicosia proposed a model that concentrated on the buying decision for a new product (illustrated in figure 2). The first stage of the model concentrated on the marketers' attempts to communicate with the consumer and the consumer's predisposition to act in a certain way. The scope of this research did not allow for the exploration of marketers' communication methods. However, the second stage of the model involved the consumer in a search evaluation process, which is influenced by attitudes. This follows a similar process to the Andreason model but it allowed the consumer to evaluate the process."
Tags:consumer, behavior, purchasing, decisions, emotional, response
This paper studies decision making and decision theory in organizations, focusing on a hospital billing department.
Analytical Essay # 123395 |
750 words (
approx. 3 pages ) |
1 source |
APA | 2008
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$ 16.95
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Abstract
In this article, the writer examines the practical applications of decision theory on organizations. The writer describes the methodology and an application of this decision support tool in a hospital billing department.
From the Paper
"Decision Theory and Methodology Decision theory involves attempts to describe analyze and model the process of decision making. Decision theory encompasses both formal mathematical and statistical approaches to decision making and more informal behavioral approaches. Advances in decision theory have allowed this process to make effective contributions to modeling of the decision-making process. Most decision theories are normative or prescriptive meaning these theories are concerned with identifying the best decision to take. The practical application of this prescriptive approach is called decision analysis. The goal of decision analysis is ..."
Tags:decision theory, methodology, organizational structure, optimal decisions, normative, cost center
Description of a decision making tool and its application.
Analytical Essay # 122150 |
1,000 words (
approx. 4 pages ) |
6 sources |
APA | 2008
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$ 21.95
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This paper takes an in-depth look at a decision making tool and its application. The paper further explores whether or not this tool is appropriate. It gives a real-world example of the application of decision tree analysis and how it breaks down broad decisions into a sequence of subsidiary decisions.
From the Paper
"This paper identifies a decision making tool and discusses the tool and its application. The decision making tool covered in this paper is decision tree analysis. Decision tree analysis is reviewed in three discussions. The discussion topics are as follows: a detailed description of the tool and its application, real-world example of the application of decision tree analysis and an explanation of situations in which the application of the tool is or is not appropriate."
Tags:Decision tree, value, payoff
Explanation of what constitutes group decision in communicating and discussion of some of the theories regarding group decision.
Essay # 32355 |
1,400 words (
approx. 5.6 pages ) |
18 sources |
2002
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$ 28.95
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This paper is on group decisions in communicating. Group decision communicating often consists of orientation, conflict, emergence, and reinforcement. Decision-emergence theory is an explanation of the complex communication process that groups go through in doing any projects. These steps often make or break the group.
Tags:group decision, communicating
The role of culture, emotions and feelings in the decision making process as defined by the consumer psychology paradigm.
Research Paper # 2151 |
4,632 words (
approx. 18.5 pages ) |
15 sources |
2001
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$ 71.95
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This essay explores the emotions and feelings in the decision making process. It does this by first defining what is meant by the decision making process. It then looks at emotions and feelings in consumer psychology, relating how this impacts on the decision-making process. The essay also views the role of these emotions and feelings in the decision-making process in the South African context, and discusses various ways in which emotions and feelings can be used in a marketing strategy to enhance marketing communication (i.e.: the combination of advertising, the sales force, public relations, packaging and any other technique in which that the company provides itself and its products) and a company's total product (i.e.: the entire set of characteristics involved in the marketing strategy).
From the Paper
"The most perverse and influential assumption in consumer behavior research is that a decision making process precedes purchases (ie: that the consumer goes through a complex process of deciding what and where to purchase, before the actual purchasing itself). Many definitions of the decision making process exist, but most agree that two or more actions occur within it and, therefore, choice must occur. In addition, individual consumer's "evaluative criteria" facilitate the forecasting of each alternative's consequences for the consumer's goals or objectives. Further, the chosen alternative is determined by an evaluative procedure, and information sought from external sources or retrieved from memory is processed in the application of this evaluation process (Olshavsky & Granbois, 1991). Interestingly, there is evidence that a significant proportion of purchases may not be preceded by a decision process, and that for many purchases, a decision process never occurs."
Tags:african, consumer, context, culture, decision, emotions, feelings, making, market, process, psychology, south, strategy
Reviews importance of modeling in policy analysis and the use of decision tree analysis
Term Paper # 69258 |
1,150 words (
approx. 4.6 pages ) |
1 source |
APA | 2004
|
$ 23.95
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This paper reviews the importance of modeling in policy analysis and the use of decision tree analysis. It looks at the tools available to help policy makers. The writer uses the example of Firestone tires on the Ford Explorer sports utility vehicles as an application of decision trees in decision analysis.
From the Paper
"There is a large variety of tools available to help decision-makers. This paper focuses on one of these tools decision tree analysis. The consideration of the decision tree decision analysis tool begins with are view of the ..."
Tags:Decisoon, analysis, Decision, tree, Policy, analysis