Question

How do individual differences and organizational constraints influence decision making?

Answer 1

Influences on Decision Making: Individual Differences and Organizational Constraints

We turn here to factors that influence the way people make decisions and the degree to which they are susceptible to errors and biases. We discuss individual differences and then organizational constraints.

Individual Differences

As we discussed, decision making in practice is characterized by bounded rationality, common biases and errors, and the use of intuition. Individual differences such as personality also create deviations from the rational model.

Personality

Specific facets of conscientiousness—particularly achievement striving and dutifulness—may affect escalation of commitment.51 First, achievement-oriented people hate to fail, so they escalate their ...

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Answer 2

Answer:

Individuals differ in their behaviour and actions based on their personality traits, IQ, and values. Organizational restrictions, on the other hand, are characterized as factors that limit an employee's ability to do their job.

Explanation:

Individual differences influencing decision-making:

• Each person has a unique personality, mental ability, and inventiveness, as well as a unique perspective of their physical traits.
• Individual differences are linked to diversity in specific brain networks, according to a new study, particularly those connected to executive, social, and perceptual processes.
• Every day offers a slew of decisions to be made, and each person approaches them in t own unique way.

Organizational constraints influencing decision-making:

• Decision makers are constrained by the organization, which can lead to departures from the rational model.
• Managers, for example, modify their judgments to reflect the business's performance evaluation and incentive system, as well as to adhere to formal regulations and meet time restrictions set by the organization.
• Previous organizational decisions also serve as precedents, limiting the scope of the current decision.
• In light of previous acts, the assumption is that these organizational limits stifle new ideas and judgments.
• It's possible that the new ideas beat the old methods, but managers aren't prepared to take a big risk because they're afraid of upsetting senior management.
• The organization works as a limitation in this way.

Hence, individual differences and organizational constraints influence decision-making is proved.

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