Influence of Rationality and Perceptual Processes on Managerial Decision-Making
نویسنده
چکیده
Managerial decision-making and rationality are impacted and influenced by perceptual processes. This essay seeks to critically analyse and discuss perceptual processes as pivotal in any decision-making endeavour. Its importance is briefly discussed with particular emphasis placed on ways in which certain differences or biases in perception may have on individuals’ understanding of reality as well as how it impinges on the decision-making process within a business environment where there are numerous variables. Furthermore, this essay looks at what happens when there are perceptual errors in decision-making within the business sphere. It also addresses the notion of rationality and its conflicting attainability with its application in a modern setting.
منابع مشابه
The effect of bio rhythmic states of traders on their perceptual decisions in Tehran Stock Exchange
The aim of this study is to find the effect of trader’s biorhythmic cycles on their perceptual decisions in Tehran Stock Exchange. According to author’s point of view, decision making is one of the major factors of management skills, and in some cases, it is equivalent of management (Simon’s point of view). Also considering this fact that the knowledge of psychological factors and it’s effects ...
متن کاملThe Effects of the CEO’s Perceptual Bias in Economic Decision-Making and Judgment on the Capabilities of the Financial Reporting Quality
The current research sets out to identify and scrutinize the impact of the CEO’s perceptual biases in judgment and economic decision-making on the reporting quality of the firms listed on the Tehran Stock Exchange. Adopting a mixed method, the present study first seeks to detect the components and indices of CEO’s perceptual biases via critical appraisal and with the special participation of 10...
متن کاملAn Analysis of Families and Community’s Involvement in The Schools’ Educational and Administrative Processes Using “Overlapping Spheres of Influence” Model
Abstract The overall purpose of this research was to analyze the Families and Community’s involvement in the educational and managerial processes of schools using The “Overlapping Spheres of Influence” Theoretical Model. The research method was an explanatory (quantitative - qualitative) combination. The statistical population consisted of all teachers, administrators and parents of elementary...
متن کاملAn Analysis of Families and Community’s Involvement in The Schools’ Educational and Administrative Processes Using “Overlapping Spheres of Influence” Model
Abstract The overall purpose of this research was to analyze the Families and Community’s involvement in the educational and managerial processes of schools using The “Overlapping Spheres of Influence” Theoretical Model. The research method was an explanatory (quantitative - qualitative) combination. The statistical population consisted of all teachers, administrators and parents of elementary...
متن کاملDecisions of Value: Going Backstage; Comment on “Contextual Factors Influencing Cost and Quality Decisions in Health and Care: A Structured Evidence Review and Narrative Synthesis”
This commentary expands on two of the key themes briefly raised in the paper involving analysis of the evidence about key contextual influences on decisions of value. The first theme focuses on the need to explore in more detail what is called backstage decision-making looking at how actual decisions are made drawing on evidence from ethnographies about decision-making. These studies point to l...
متن کامل