Observation Review Essay Example | Topics and Well Written Essays - 1500 words

Observation Review - Essay ExampleThe finale do by Christopher Bale, who was the chief site engineer at a construction firm, where I have endureed tummy be cited as exemplifying the concept of bounded rationality. The work contains my personal observation and experience regarding the decision devising process of the organization. In the case, Mr. Bale had decided to development the working hours of the construction workers to two hours in the morning shift. The normal routine shift usually started from 8 a.m. in the morning and continued bowl 5pm in the evening. The company had entered into a deal according to which it had to construct a multistoried building. Initially the take in charge was to be completed in a two years time. But later the contract had to be renewed and its duration was lessened by sextet months. This put pressure on the executives to complete the work fast. Therefore, the chief site engineer, Mr. Bale, decided to subjoin the working hours and, correspon dingly, compensation of the employees. The decision was not favored by the employees as they felt their opinion was not considered. Secondly, a few of the employees who were more than 50 year aging felt that it would affect their health if they were made to work beyond the routine hours. Assessment of the Example exploitation Simons Bounded Rationality Theory In the example mentioned above, Bale thought it would be executable for the company to increase the working hours of the site workers so as to complete the work on time. This is a clear example of bounded rationality as the site engineer had taken the decision aft(prenominal) examining the available choices only. He did not have knowledge about the resentment, if any, that would be prevailing among the workers due to the increase in the number of work hours. He was also unaware of the health conditions of the senior employees. The decision taken by Bale can be considered to be an example of decision making based on normati ve affective factors (Etzioni, 1988). It is more of a normative model because Bale made the decision expect he had all the necessary information needed to make the choice. Thus it was more of a descriptive form of decision making instead of a prescriptive form (Holloway, 2003). This descriptive form of making decisions was termed as bounded rationality by Simon. Simon theorized that human beings often settle for solutions that are mostly material in nature, which means that such solutions, though they are sufficient to cope with the situation, are not the outperform solutions (Turban, 2008). There are many factors that can affect a decision. These can be psychological, sociological, political, risk scheme motives, etc. These can influence the choice of the decision made considerably. In the context of the case, it can be understood that the company executives were put under tremendous strain to complete the construction work six months ahead of the contracted time initially stip ulated. They had to come up with a solution so as to complete the work fast as their commitment and their reputation were at stake. In such a situation it is possible that when the decisions were made, not all the crucial factors were considered. Two such factors were the workers opinions on the decision to increase work hours and the health condition of some workers. The chief site engineer had suggested the idea to