Factors Affecting the Decision-Making Styles Adoption

Abstract

Decision making is a significant and rational process in any business organization that deploys so many resources to work on selecting the optimal alternative and build a heuristic framework. In the last decade, Tire sector in Egypt witnessed many changes due to market dynamics and economic challenges, that require being adaptive in the decision-making process. The purpose of this study first is to define the different decision-making styles adopted by the decision makers in our case. The population of the study focuses on decision makers of a local family business. Secondly, is to measure the correlation between the dominant decision-making styles and the age groups, Job stress and Leadership styles. The selected model is based on Simon's concept of "bounded rationality" which has provided the conceptual foundation for much behavioral decision research, (Einhorn & Hogarth, 1981). Using certain tools such as GDMS, Job stress and Multi-factor Leadership Questionnaires. Study applied quantitative online survey then analyzed using scale reliability, test-re-test reliability, Cronbach’s alpha, descriptive, chi-square, and normality tests using SPSS. Results revealed that Rational-dependent, and intuitive decision-making styles are affected by different levels of perceived job stress also, the three leadership styles Transformational, Transactional, and Laissez-faire.