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¶ … decision making best exemplifies what happened on the Deepwater Horizon rig?
The basic model that was used in the Deepwater Horizon accident was the bounded rational decision making approach. This is when everyone inside the organization will be focused on selecting options that work well within their current circumstances. The problem is that these individuals are not selecting an approach, which is in the best interests of everyone. Instead, there is an obsession in meeting short-term objectives at all costs. In the case of the Deepwater Horizon, everyone was ignoring obvious signs that the well was about to explode. The biggest reason why is managers were focused on meeting the productivity goals of the company at all costs. ("What are Rational Models," 2012)
Which of the decision- making biases played a potential role in the disaster?
The kind of decision making biases that were occurring prior the Deepwater Horizon incident were: a lack of focus on safety issues and a mindset concerned about increasing profit margins. The...
This was a part of an effort to meet the production goals for the rig (which were set by the company). At the same time, there was a mindset on increasing profits. To do this managers' were encouraged to cut costs and increase productivity as much as possible. This meant that the proper maintenance of the equipment was ignored and everyone overlooked various safety checks that were in place. The combination of these factors created the perfect environment for the well to explode. (Jennings, 2011, pg. 365)
Was intuition used too much during this case? Explain.
Yes, intuition was used to much during this case. The reason why is because everyone was focused on meeting the objectives of the organization. The concentration on these goals is designed to satisfy the immediate emotional needs of staff members. When this happened, is the point that they were addressing these issues by ignoring anything…
References
An Intuitive Decision Making Model. (2008). Rapid Business Intelligence. Retrieved from: http://www.rapid-business-intelligence-success.com/intuitive-decision-making.html
Was Poor Decision Making a Cause of the Deepwater Horizon Disaster. (n.d.).
What are Rational Models. (2012). Decision Making. Retrieved from: http://www.decision-making-confidence.com/rational-decision-making-models.html
Bly, M. (2011). Deepwater Horizon Accident Investigation. Washington D.C.U.S. Government Printing Offices.
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