Compare groups and individuals.
4 years ago
Principle of Management
Individual Vs Group Decision Making
- In establishing objectives, groups are usually superior to individuals because of the greater amount on knowledge available to groups.
- In choosing an alternative, group interaction and the achievement of consensus usually results in the acceptance of more risk than would be accepted by an individual decision
- In identifying alternatives, the individual efforts of group members encourage a broad search in various functional areas of the
- In evaluating alternative, the collective judgment of the group, with its wider range of view points, seems superior to those of an individual decision
Assets of Group Decision Making
- Groups can accumulate more knowledge and facts
- Groups have a more broader perspective and consider more alternative solutions
- Individuals who participate in the decision are more satisfied with the decision and are more likely to accept
- Group decision making processes serve an important communication
Liabilities of Group Decision Making
- Groups often work more slowly than individuals
- Group’s decisions involve a considerable amount of compromise that may lead to less than optimal
- Groups are often dominated by one individual or a small clique thereby negating many of the virtues of group
- Overreliance on group decision making can inhibit management’s ability to act quickly and decisively when
Susmita Sah
Jan 13, 2022