Got a tricky question? Receive an answer from students like you! Try us!

Management of Decision Making - Essay Example

Masters
Author : cortneybrakus
Essay
Miscellaneous
Pages 13 (3263 words)
Download 1

Summary

Soft System Methodology - a system developed by Peter Checkland at Lancaster University in 1970 aims to approach the corporate problems through well developed body of theoretical ideas. This methodology is based on the premise that in an organization, the human aspects are open and non-deterministic and the methodologies adopted solving any problem or effecting improvements in the systems must take into account the importance and complexity of the human element…

Extract of sample
Management of Decision Making

It also aims at analyzing the problem from different perspectives. SSM provides an effective and efficient way to carry out an analysis of the processes in which technological processes and human activities are interdependent. This paper envisages making a case study of the problems faced by stake holders and various other entities dealing with a particular branch of a Local bank and how SSM approach provides a solution to the problem identified:
SSM involves various key stages in its implementation like, identifying and defining the problem situation and expressing them in the context of relevance to human factors involved, creating relevant root definitions and thereby evolving conceptual models measuring performance. Such models created would then be compared with the real world to assess the requirement of any desirable or necessary changes and finally recommending the corrective action to be taken.
To understand and deal with the structured problem one should have answers to such questions as who are the key players, what their perception of the situation is, what processes are going on now and what the organized structures are:
In our example the ...
Download paper

Related Essays

Importance of Decision Making in Risk Management
The major social responsibilities are to defend the environment, uphold the safety of employees, and to make sure the products are safe and not dangerous for the customers. When making choice, these three social everyday jobs ought to be kept in mind. Environmental defense and conservation is a big concern for organizations.…
3 pages (753 words)
Decision-making
(Salaman, 2001. p.75)…
8 pages (2008 words)
Management and decision making at Cadbury.
Respect for staff and their abilities …
11 pages (2761 words)
Management Decision Making Essay
It is through proper trade that goods produced at particular places are equitably distributed among users. With the help of trade goods are made available to consumers at the time of their need. It removes the hindrance of persons by bringing together producers and consumers who are widely scattered.…
8 pages (2008 words)
Management of Decision Making
SSM being a user centered design approach concentrates mainly on the people involved with the problem and focus on the specific problems secondarily. It also aims at analyzing the problem from different perspectives. SSM provides an effective and efficient way to carry out an analysis of the processes in which technological processes and human activities are interdependent. This paper envisages making a case study of the problems faced by stake holders and various other entities dealing with a particular branch of a Local bank and how SSM approach provides a solution to the problem identified:…
14 pages (3514 words)
Management Decision Making
What are some of the drawbacks of having biases? Could there be any advantages to having biases? Explain. What are the implications for decision making?…
2 pages (502 words)
International Management Decision Making
The market in which Tesco operates is a very competitive market. The retail grocery market in UK is home to hundreds of firms but the competition revolves around 4 major players in the market. These include Tesco, Asda, Sainsburry’s and Morrison’s. The overall firm concentration of these four firms is 76%. Thus, the nature of the market in which Tesco operates is an oligopoly. In an oligopoly market, a few larger firms dominate the market and the industry. The UK retail and super market has become increasingly concentrated in the last couple of year.…
8 pages (2008 words)