personality and decision making

1. ORGANIZATIONAL BEHAVIOR PERSONALITY AND DECISION MAKING SUBMITTED BY- VIPUL LOHANI ROLL NO-115

2. PERSONALITY Personality refers to individual differences in characteristic patterns of thinking, feeling and behaving. The study of personality focuses on two broad areas: One is understanding individual differences in particular personality characteristics, such as sociability or irritability. The other is understanding how the various parts of a person come together as a whole.

3. COMPONENTS Consistency - There is generally a recognizable order and regularity to behaviors. Essentially, people act in the same ways or similar ways in a variety of situations. Psychological and physiological - Personality is a psychological construct, but research suggests that it is also influenced by biological processes and needs

4. CONTINUED Impact behaviors and actions - Personality does not just influence how we move and respond in our environment; it also causes us to act in certain ways Multiple expressions - Personality is displayed in more than just behavior. It can also be seen in out thoughts, feelings, close relationships and other social interactions.

5. DETERMINANTS Heredity-Physical structure, facial attractiveness, gender, temperament, energy level, and biological rhythms are characteristics that are generally considered to be either completely or substantially influenced by who your parents were. Environment-The environmental factors that exert pressures on our personality formation are the culture in which we are raised, our early conditioning, the norms among our family, friends and social groups, and other influences that we experience

6. CONTINUED Situation-the situation, influences the effects of heredity and environment on personality. An individual’s personality although generally stable and consistent, does change in different situations. The varying demand of different situation calls forth different aspects of one’s personality. We should not therefore look upon personality patterns in isolation.

7. DECISION MAKING Decision making can be regarded as the mental processes (cognitive process) resulting in the selection of a course of action among several alternative scenarios A major part of decision making involves the analysis of a finite set of alternatives described in terms of some evaluative criteria. These criteria may be benefit or cost in nature.

8. TYPES OF DECISION MAKING Programmed decisionsare made in routine, repetitive, well-structured situations with predetermined decision rules. These may be based on habit, or established policies, rules and procedures and stem from prior experience or technical knowledge about what works or does not work in a given situation. Non-programmed decisions are unique decisions that require a 'custom made' solution. This is when a manager is confronted with an ill-structured or novel problem and there is no 'cut and dried solution'.

9. IMPACT OF PERSONALITY ON DECISION MAKING High risk taking personality people takes quick decisions. They do not require more information to take decisions. They work good in smaller and more entrepreneurial organizations Low risk taking personality people are slower in decision making process. They require all information before taking decisions. They are suitable for large stable organizations

10. CONTINUED People born in influential family e.g political background are diplomatic in decision making Rigid personality people do not or partially consider others opinion in decision making and do what they consider the best Team leaders or flexible personality people believes in considering others view and conclude a group decision making

11. CONCLUSION Thus many factors and determinants of personality plays important role in decision making. Decision making variates according to brought up, individual perception , psychology and on situation demanding