MSG Team's other articles

11029 Risk Management as a Profession

Risk management has evolved from being just a discipline to a full-fledged profession that lots of people are choosing these days. Reason, the discipline has become wider and has assumed manifold dimensions making it a crucial function in organizations these days. No wonder there is an increasing number of universities that offer specialized courses on […]

10437 Hands on Approach to Leadership: The Need for Leaders to be Good Administrators

Need for Modern Day Leaders to Adopt a Hands-on Approach It is often assumed that leadership is all about having a vision and then, implementing the vision by delegating work and components of the plan appropriately to the subordinates. Further, it is also thought that leaders should engage in planning and drawing up high-level aspects […]

9803 Impact of Using Poor Quality Data and Metrics to Measure Data Quality

In the previous article, we have understood why data quality is important in the field of risk management. We also had a closer look at the various characteristics which constitute data quality as well as the processes that need to be put in place in order to manage data quality. In this article, we will […]

13002 Cultural Dimensions of Leadership

Introduction Leadership in organizations is dictated and determined according to a variety of reasons and factors including personality, cultural, and country and regional aspects. Among the various factors, the cultural dimension of leadership is often not highlighted as it is taken as a given. However, with globalization and the advent of tighter integration and interconnectedness, […]

9620 How Great Leaders Transform Organizations, Nations, Societies, and the World

What Makes Some Leaders Truly Transformational and Exceptional? There is a difference between leadership and management. Similarly, there is a difference between leadership and outstanding leadership. The point to note here is that leaders and managers differ in a number of crucial ways. For instance, leadership is all about having a vision and then actualizing […]

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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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