Decision Making Model

Decision-making is the critical key to the survival of an organization, more so in this present time where we see economic boundaries between countries crumble and businesses become more complex, global and knowledge-driven. Managers need to ensure that their organizations are continuously innovated and improved in order to achieve and maintain a sustainable competitive edge. In fact, Porter (1985) highlighted that it is this competitive ability which is considered to be at the core of the …

…members regarding a judgment procedure. The group decision-making models provided the solution to an intangible and abstract concept. Brainstorming and idea sharing promoted the discovery and resolution of problems that occurred during the group decision-making process. References Huber, G.P. (1980), Management Decision- Making, Glenview, IL. Scott, Foresman and Co. Porter, M.E. (1985), Competitive Advantage, New York, Free Press. Stoner, A.F. and Freeman, R.E. (1989), Management, 4th edition, Prentice-Hall of India Private Limited, pp. 165 - 167.