Expanding Horizons in Business Decision Making
2021 IEEE Technology & Engineering Management Conference - Europe (TEMSCON-EUR)
Traditional research into team-based decision making has focused on a single dominant decision-making paradigm – that of rational decision making. Recently, however, researchers and analysts have discovered other decision-making styles that vary in terms of the inputs that are attended to and the modalities of sub-decisions. Needless to say, the existence of these variant styles poses a challenge for practical decision making in a team-oriented framework. How are the different styles to be recognized, harmonized, and resolved along the way to achieving a solid final decision? In this paper, we survey some 35 styles that have been identified in the literature, and propose one additional style, which we term socially conscious. We analyze the characteristics of these 36 styles and group them into 5 key categories. We conclude with a preliminary discussion of the challenges in harmonizing and resolving them and sketch out future research into this important topic.
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Dabab, M., Freiling, M., & Sagalowicz, D. (2021). Expanding Horizons in Business Decision Making. Institute of Electrical and Electronics Engineers (IEEE). https://doi.org/10.1109/temscon-eur52034.2021.9488619