Decision-Making Essay

The executive team or chief decision makers within any hospital setting are responsible for making sure that the facility runs safely and efficiently, patients are given the highest standards of care, and the facilities are up to date and well maintained. High on the agenda will be to make sure that the facility achieves the best possible patient outcomes. The team should consist of the Chief Executive Officer (CEO), Chief Nursing Officer (CNO), Chief Finance Officer (CFO), Chief Human Resource Officer (CHRO), and Medical Director (MD).

Part 1: Optional Section In this part, the learners have to choose four of eight questions for answering. If you give the right responses, you will obtain 2.5 marks per one statement (i.e. this part is for 10 marks). 1. Why is adherence to ethical standards important for the smooth functioning of an advanced market economy? 2. Briefly describe what is meant by

Making choices can affect any and everything in your life whether it’s dealing with your family or just everyday situations. Everyone in life is faced with good and bad choices that can either have a good outcome on your life or it can make a turn for the worst. Yes, everyone wants to make good choices in life. But does that always happen? Nine times out of ten know. Recently, I made a bad choice that affected my life in numerous ways for instance when I got caught shoplifting my parents looked down on me as if I was this thief. I’m very embarrassed of my actions but there’s nothing I can do to erase it I can only make this a learning experience and make better choices next time around. As teenagers

As stated by Prasad (2008), the managers should identify the different choices available in order to get most acceptable outcome of a decision. From searching different alternatives the managers can evade blocks in operations as choices are suitable if a particular idea goes wrong. Khanka (2000) expresses the view that selections can developed from in many ways such as can get from sources like experience, do training other organizations, and take others ideas and suggestions related in problems. Furthermore to improve alternatives solution the managers may investigation the signs of a problem for clues or fall back on intuition or result that stated by Griffin and Moorhead (2010). For an example in marketing department a non-programmed decision is compulsory the manager have to produce alternatives for raise market share. As McShane and Von Glinow (2000) pointed out that in a programmed decision is a standard operations is not to generate choice but can take out from the documented that already saved. Next an organizer should search the mission of a decision. In other words they need to define what is to be accomplished by it (Quick & Nelson, 2013). The decision criteria are important as mentioned by Dubrin (2002). The several criteria are consumers must aware of varies in quality of products, there not happen inflation, workers must consider the quality of improvements and lastly job satisfaction should not be reduce.

Health care is one of the largest growing industries in the country. Technology and medical advancements attribute to the constant changes in the health care industry. The economy also continues to change, and with the changing economy health care cost continue to rise. Companies across the nation have either closed or moved to other countries. El Paso County Clinic is struggling to keep the doors open. Buduget cuts have affected the clinic tremendously. The El Paso County Clinic’s budget has been cut by 15%. The population affected by the budget cuts are Medicaid recepients.

When I decide to go out to eat, I generally have picked out where I want to go and what I want to order before I leave home. Nevertheless, when I arrive at the restaurant, my mind races in circles. Should I get what I was craving on the way here, or should I get what is on special? Should I try something new and different, or should I get one of my old favorites? Should I get it Supersized? For here or to go? Do I want the soup or salad? Should I get something to drink or for dessert? What would go best with the main course? After agonizing over all of my choices, I usually just end up following my gut instinct and ordering what I had in mind on the way to the restaurant. Decisions have always tended to come difficult for me, big

The students who are graduating from Healthcare Administration often get jobs in public and private organizations. And decision making is one of the core functions they perform and will come across everyday work life. Hence, it is essential to know the behavior of health care professionals as well as public and private organizations to

We have to think about the qualitative factors that are involved in our decision making too. In the decision making process, as we saw in a case called The Nancy M. Hohman, we saw that many times the numbers will not speak louder than our personal preferences. The Nancy M. Hohman was a less than one year old ship, worthy US$ 40 million, carrying 200,000 tons of crude oil and 28 crew members and had an engine malfunction 9 miles way off the coast of South Africa. However, Port Elizabeth (the nearest one) was too small for the ship and the next close one was 380 miles away.

Employees expect consistency from managers in their decision-making style, but many managers believe that the decision making style should depend on the situation. If a specific situation requires low involvement from employees, then they will be allowed to communicate their opinions about the problem and potential solution without making the final decision. If another situation requires high involvement, then they will be able to both, communicate their opinions and make the final decision. So how can managers solve this problem? How can they change their decision-making approach without seeming inconsistent to their employees? Well, the solution is to simply communicate to your employees the involvement level required based on the type of decision making regarding customer service. According Michael Hitt, “research shows that the degree to which other people should be involved in a decision depends on the situation” (Hitt, Black and Porter). Upon employment, it will be the job of the manager to effectively introduce their decision-making style, and train their incoming employees on the different situations in which they will have high involvement or low involvement. Both manager and employee must also fulfill their responsibilities once they’re on the job. The following steps reiterate the implementation of the solution:

According to Tichy and Bennis (2007), what is described as an organizational leader ‘s most important role is one to make well-informed, judicious decisions that usually generate favorable outcomes. However, though it is humanly impossible for an organizational leader to be able to make the correct decisions all the time. An effective organizational leader usually makes what is described as a high percentage of successful judgment calls, at the moment when it matters the most (Tichy & Bennis, 2007). Tichy and Bennis (2007) also stated that, in the case of an organizational leader, the importance and the outcome of a particular decision are usually scrutinized to a great extent. This is because one’s decision tends to impact the lives and livelihoods of stakeholders such as employees and customers. Furthermore, one of the domains, which characterizes the majority of an organizational leader’s decision is organizational strategy (Tichy & Bennis, 2007).

The article, “Humble Decision Making” by Amitai Etzioni (1989) discusses the notion that decision making has become a highly complex process largely due to the flood of information we are exposed to and the seemingly impossible task of extracting any form of usable data from which a reasonable decision can be made. The article presents various models that have been accepted as usable methods for decision making in this complex environment and proceeds to proclaim the superiority of humble decision making; otherwise known as adaptive decision making or mixed scanning. The model is largely based upon the understanding and acceptance of human limitations in the decision making process where frequently there is only partial information and

The focus of my term paper is the decision making process used by today's top-level managers. Top-level managers, such as Chief Executive Officers (CEOs), Chief Operations Officers (COOs), and Chief Financial Officers (CFOs), must make critical decisions on a daily basis. Their choices and the resulting outcomes affect the company, the employees, and the stakeholders. Due to the high importance of their decisions, the process they use to reach them merits a close examination.

There are eight ways to think about decision making (March, J.G., 1982), these ideas of March are richer and more complex than the Rational decision making. The decision making ways are: Rational choice when you aren’t sure about your preferences, Decision making as a resolution of conflict, Decision making by rules by comparing the pros and cons of the alternatives, but in the end its about rules, Opportunistic decision making, when many views are involved, Decision making as a symbolic event, Information gathering and decision making. The rational choice model, and used in simple cases, people know what they want and the alternatives are available. And the last one is the one that Toshiba’s management uses which is: Rational choice when

The central topic of this dissertation is decision making: the selection of an option from a set of alternatives. Some real life examples include deciding what to buy at the supermarket, or deciding whether a stimulus represents a threat or not. In these situations, the decision maker accumulates evidence for each alternative until a decision is made in favour of one option. In particular, we are interested in the cognitive processes underlying a decision and for the sake of simplicity, especially mathematical simplicity, we focus on a particular type of decision: choosing one alternative from a set of two alternatives.

Content-based: In this method, the system learns to recommend items that are similar to the ones that the user liked in the past. The similarity of items is calculated based on the features associated with the compared items. For example, if a user has highly rated a movie that belongs to the comedy genre, then the system can learn to recommend other movies from this genre. Some of the advantages of content-based systems include their ability to exploit just the ratings provided by the active user to build his own profile. On the other hand, collaborative filtering methods need ratings from different users. Explanations on how the recommender system works can be provided by explicitly listing content features that caused an item to occur in the list of recommendations. Also, content-based recommenders are capable of recommending items not yet rated by any user. Thus, they do not suffer from the first-rater problem, which affects collaborative recommenders. One of the disadvantages of the content-based systems are that they need domain knowledge to generate recommendations.