Question

differentiate between individual and collective dicision (for 2marks)​

Answer 1

Answer:

Individual decision:

1) Decision are taken by a single individual.

2. Individual decision are less costly.

3. They are based on limited information gathered by managers.

4. Individual decision are taken in situation of crisis or emergency.

5. they introduce one man control.

6. Decision are usually based on clear policy guidelines.

Collective Decision:

1. Decision are taken by a group of persons.

2. Group decision are costly in terms of time and money.

3. They are based on extensive information collected by members of the group.

4. Group decision are taken when there is sufficient time to make decisions.

5. Group decision positively affect morale and job satisfaction of employees.

6. They introduce self-control.

Answer 2

Answer:

An individual generally makes prompt decisions, while a group is dominated by various people, making decision-making very time consuming. Moreover, assembling group members consumes lots of time.