Role of individual and organizational factors in decision making

ABSTRACT

The present study was conducted to examine the role of various individual and organizational factors in decision making styles including rational, intuitive, dependant, avoidant, and spontaneous. Urdu-translated version of General Decision Making Style Questionnaire [Scott and Bruce, 1995] was used to collect the data from the participants. A total of 300 bank managers were included in the current research. Purposive convenient sampling technique was employed in the present study. In order to investigate the mean differences, ANOVA and t-test were used in this research. Significant mean differences were found with respect to organizational and individual factors in decision making styles. Highly experienced managers were more intuitive decision makers as compared to relatively low experienced managers. Young and middle-aged adults were more rational decision makers than older adults. Managers belonging to public sector banks were more rational decision makers in comparison to private sector banks. No significant mean differences in decision making styles were found with respect to gender and management level Finally, implications and limitations were discussed