Jack Welch, GEâ€™s former CEO, said, “We now know where productivity comes from. It comes from challenged, empowered, excited, rewarded teams of people.”
- Explain how group dynamics, team characteristics, team leadership, and team management all play a vital role in company productivity.
Please respond to the following:
- Detail the impact of the following decision-making models: rational decision-making model, bounded rationality decision-making model, the intuitive decision-making model, and the creative decision-making model.
- How does each decision-making model help improve a companyâ€™s effectiveness?