Management Concepts Essay

Case for critical thinking A flood of decisions1. What reading sources (or potential information sources) could have been used to assist with the decision-making butt for Wivenhoe Dam in this case? Potential information sources that could have been used to assist with the decision-making process for Wivenhoe Dam -SEQ weewee-Sought advice from Water Grid swayr-Water Commission-DERM (Department of Environmental Resource Management)managerial decision-makingProblem avoidersProblem solversProblem seekersApproaches to decision makingClassical decision stumper behavioral decision modelJudgmental decision model2. With references to decision-making theory covered in the chapter, describe the type of managerial decision-making evident in this case, and the conditions under which decisions were made.Managerial Decision Making*Problem avoidably*Problem solvers*Problem seekersDecision conditions*Certain environment*Risk environment*Uncertain environment3. Evaluate the decisions made in the c ase in relation to the classical, behavioural and judgmental heuristics approaches to decision-making that are outlined in the chapter. Which model do you believe best describes the situation and subsequent decision-making process in this case? Justify your answer?Approaches to decision makingClassical decision modelBehavioral decision modelJudgmental decision modelCase decision*Classical decision modelProblem it was the flood that damage Brisbane and IpswichPossible alternative Not releasing flood waters.Consequently menace stability of damOptimizing decision Release of flood waters being aware of potential damage.SWOT AnalysisStrengths*New technology*They set priorities*Manage timeWeaknessLack of communicationMisunderstandingMisconductProblem solvingCrisisOpportunities*Professional engineer*EmploymentThreatsNatural disaster (climate change)Damage roads and homes.ConclusionPeople should make wise decision to save the lifes of the others.