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Shaheed bhagat singh college evening. University of delhi.
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Name – Akshit Dhiman Roll no – 2024/1136 Course – Bachelor of Commerce (Hons) Section - B Submitted To – Professor Kavita Yadav.
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Rational Decision-Making: Individual and Group. This presentation explores the process of rational decision-making, comparing and contrasting individual and group approaches. We will examine the advantages, disadvantages, and best practices for each method..
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Understanding the Decision-Making Process. Problem Recognition.
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Defining Rational Decision-Making. Logical Approach.
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Identify the Problem. Clearly define the issue at hand and gather relevant information..
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Indivisual decision making is the process of a single person making a decision , often based on their own needs, values , beliefs and goals . Indivisual decision making can be ideal for urgent situation where speed and decisiveness is are important . It can be quicker than group decision making.
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Factors Influencing Individual Decision-Making. Beliefs and principles that shape individual preferences..
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Psychological Biases in Individual Decisions. Confirmation Bias.
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Group decision making is a process where a group of people work tighter to make a choice from set of options . This decision is then considered to be the result of group , rather than a indivisual Some examples of group decision making include like : hiring a employee ,allocating funding for project etc.
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Combines multiple viewpoints and expertise for a broader understanding..
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Challenges of Group Decision-Making. Groupthink. Pressure to conform can lead to poor decision-making..
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I-ante :. Techniques for Effective Group Decision-Making.
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Conclusion: Balancing Individual and Group Decisions.
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THANK YOU.