Team members do have different ideas for solving problems which sometimes pose a significant challenge in selecting which idea comprehensively represents each team member's intent. But through the use of multi-voting technique, this can be achieved. The multi-voting technique is a decision making technique that considers different solutions and alternatives within a given scenario in order to arrive at a mutually agreed choice. The best multi-voting tool to be used in the decision-making process in the given scenario here is the Q-sort process. The Q-sort process involves four steps to be followed in order to arrive at the best solution or alternative that represents everybody's interests (Simons, 2013) .
The first step requires the team to rank the alternatives from the highest to the lowest. They should be doing this independently without any influence. Then the team is to assign a weight on the choices based on the ranking order. Like, in this case, there are ten alternatives, so the first alternative on each members list carries a weight of 10 points. The weight of the subsequent choices will be reduced by one point all the way to the last choice, which should be having a weight of 1 point. The third step requires tally rankings to be conducted for the choices based on each members ranking for each alternative (Ross, 2014) . The last step involves choosing the alternative that is highly ranked after the tally, to be the best decision.
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In the above scenario, each team member ranked the ten alternatives in the following manner.
Jacob D, I, B, C, A, F, E, J, H, G
Isabella A, C, E, F, G, J, D, H, I, B
Ethan H, G, E, D, B, I, J, A, C, F
Emma D, I, F, A, E, G, B, C, H, J
Olivia B, G, A, J, H, C, F, E, I, D
Given that the first choice represents 10 points and the weight of the subsequent choices are reduced by one till the last choice. The tabular tally of the rankings will be as depicted below.
Jacob | Isabella | Ethan | Emma | Olivia | Total | |
A | 6 | 10 | 3 | 7 | 8 | 34 |
B | 8 | 1 | 6 | 4 | 10 | 29 |
C | 7 | 9 | 2 | 3 | 5 | 26 |
D | 10 | 4 | 7 | 10 | 1 | 32 |
E | 4 | 8 | 8 | 6 | 3 | 29 |
F | 5 | 7 | 1 | 8 | 4 | 25 |
G | 1 | 6 | 9 | 5 | 9 | 30 |
H | 2 | 3 | 10 | 2 | 6 | 23 |
I | 9 | 2 | 5 | 9 | 2 | 27 |
J | 3 | 5 | 4 | 1 | 7 | 20 |
From the tabular ranking, alternative A was highly ranked; hence, it is the best solution.
Four major aspects that should be considered before making a decision are economy, risk, resources, and timing. The economy will influence decision making through factors such as inflation and interest rates. An economy with high-interest rates will deter individuals from borrowing, which affects the level of investments through inadequate capital (Jarosz & Wiley, 2014) . On the other hand, high inflationary conditions may result in individuals cutting their spending on luxurious commodities to concentrate on basic commodities. Given that individuals are rational in nature, and they would want to make choices that maximize their utility at the lowest cost possible, in all this, there is always an element of risk involved. But as long as the result is worth the risk, individuals will consider the choice that fits them best. Individuals will also have to consider the resources available to them in order to implement a particular choice. It will be needless to choose an alternative that will require resources that the team can’t afford. The timing in terms of time available for information gathering and the prevailing conditions must be considered.
References
Jarosz, A. F., & Wiley, J. (2014). What are the odds? A practical guide to computing and reporting Bayes factors. The Journal of Problem Solving , 7 (1), 2.
Ross, T. K. (2014). Health care quality management: tools and applications . John Wiley & Sons.
Simons, J. (2013). An introduction to Q methodology. Nurse researcher , 20 (3).