Practitioners are playing an important role in many organizations in regards to decision making. For instance, in order to make any monetary decision, the outcomes that are likely to occur are listed out to ensure that the experts do not face any challenges at the workplace. In case there was a decision-making program that had three possible outcomes, as well as, decisions, the results would occur as shown in the table below.
Outcome | ||||
Decision | O1 | O2 | O3 | |
D1 | 10 | 10 | 10 | |
D2 | -10 | 20 | 30 | |
D3 | -30 | 30 | 80 |
The maximum criteria are chosen by the practitioners whereby the maximum values are preferred. In this particular case, the decision marked as D3 in the table shown above would be the most efficient considering that it has the highest values that add up to 80. However, in most cases, the expected monetary value is not possible to attain since there are no probability values available. Planning is important since it enables many organizations to meet their goals within the required time frame. However, the products and services provided to the customers should satisfy the clients' preferences.
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The workers should be offered training sessions regularly to ensure that they are conversant with the skills that are required at the workplace. Moreover, the available resources should be properly utilized. Also, the authority in charge should ensure that they emphasize on matters related to creativity and innovation. Recently technology has improved the services rendered to the clients considering that most machines are automated. As such, it makes delegation of duties easier within the set schedule. Moreover, Sarah Chang should adhere to the set regulations to avoid facing any penalties.