The article “Principles in Management” from the University of Minnesota Libraries explores the essential role that decision-making plays in management processes. It shows that effective decision-making is vital for achieving organizational goals and navigating challenges in a business environment. In the article, it showcases that while making ethical choices is fundamentally the right approach, it can often be fraught with challenges. Key topics were covered in the article including: Understanding Decision Making, Types of Decisions, Decision Making Process, Developing Personal Decision Making Skills, and Faulty Decision Making. The article defines decision making as a systematic process that involves identifying a problem, evaluating alternatives, and choosing the best option. It then differentiates between programmed and non programmed decisions. Furthermore, it takes a step into outline various models and techniques used for making decisions, including rational decision making models and the importance of the group decision making process. As for Developing Personal decisions making skills, the article provides insight for improving your own decision making abilities and how you can highlight the need for critical thinking and reflection on past decisions to enhance future outcomes. Lasty, it addresses common pitfalls in decision making, such as overconfidence and anchoring bias in faulty decision making. I can apply this in a real life situation where I had to use the decision making process in group work through a project this semester. In one of my classes, we had to come up with a pain point and address the paint point as a group and figure out a solution to our pain point. We had to walk through the planning, organizing, leading, and controlling steps to get to where we wanted to be through the decision making process.
Source: https://moodle-courses2425.wolfware.ncsu.edu/pluginfile.php/654251/mod_resource/content/2/Decision%20Making_Chap11_Principles%20of%20Managment.pdf