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An individual alone can’t create wonders. He needs the support of others as well to discuss things and evaluate the pros and cons of his thoughts and concepts. Individuals should work together without fighting with each other for the timely accomplishment of a task. The team members must be focused and concentrate on their work […]

12134 Is Too Much Democracy Bad for Business? Does Democracy Help or Hinder Growth?

Why the Statement about Democracy Sparked a Huge Debate among the Indian Elites Recently, the Vice Chairperson of the NITI (National Institution for Transforming India), Rajiv Kumar, lamented that too much democracy was hampering economic reforms and hindering economic growth. He went on as far as to say that Too Much Democracy is bad for […]

12051 Basic Workplace Ethics for an Organization

Let us go through some workplace ethics: Rules and regulations ought to be same for everyone. Everyone needs to attend office on time irrespective of their designation, distance of their home from the workplace, salary or status. An individual cannot come to office late just because he is the team leader and his team is […]

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Individuals have a tendency to think and question before performing. This is fruitful in analysis and forecasting of individual’s behaviour.

Individual decision making has certain pros and cons, few of which are mentioned below:

Pros of Individual Decision Making

  • 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 lot of time.

  • Individuals do not escape responsibilities. They are accountable for their acts and performance. While in a group it is not easy to hold any one person accountable for a wrong decision.

  • Individual decision making saves time, money and energy as individuals make prompt and logical decisions generally. While group decision making involves lot of time, money and energy.

  • Individual decisions are more focused and rational as compared to group.

Cons of Individual Decision Making

  • A group has potential of collecting more and full information compared to an individual while making decisions.

  • An individual while making any decision uses his own intuition and views. While a group has many members, so many views and many approaches and hence better decision making.

  • A group discovers hidden talent and core competency of employees of an organization.

  • An individual will not take into consideration every members interest. While a group will take into account interest of all members of an organization.

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