Management Of Family Resources

Lesson 24 : Classification Of Decisions

Classification Based On Decision Makers

Group Decisions:

Group decisions are made from the collective action of several individuals each of whom has distinct values, goals standards and role perception. This makes group decision making a very difficult process. All the same more alternatives tend to be suggested and unproductive approaches are identified and eliminated because the experiences of many people act as guiding points in the process of selecting the best alternative.

The development of group decisions is a slower process than the individual one. It is more difficult because each individual enters the setting with their characteristic values, goals, stan­dards and roles.