Judgment in Managerial Decision Making
Linear Decision Making
Linear decision making works by looking at, essentially, a "straight line of choices" that involves picking one option even when the future options cannot be seen. This is important to consider, because it allows a person to address a potential issue in a way that requires careful thought. As the person moves down the line of choices, he or she has to decide each time whether to take the presented choice or whether to keep going on the chance that the next choice (or one further up the line) might actually be a better option (Albantakis & Deco, 2009). There is a certain level of risk in this type of decision making, because it is possible that the person will make a decision too soon in the process that will strongly impact the outcome. If the person would have waited, he or she might have been more successful in the way the decision ended up. Of course, the opposite risk is also true, in that it is possible for the person to pass up the best decision while waiting to see if a better choice will come along (Bogacz, et al., 2006).
That would leave the person with a choice that is...
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