Measuring Managerial Decision-Making: The DMQ Methodology

Abstract

Decision-making plays an important role in management as managers´ decisions have a multiplicative impact in various areas of organization. However, managerial decision-making is influenced by a number of personality and situational factors. The contribution thus presents the results of verification of a new, original methodology Decision-Making Questionnaire (DMQ), proposed on the basis of the Vroom-Yetton model of decision-making (Fotr et al. 2006). From the methodological viewpoint, DMQ is based on the dispositional, trans-situational approach to studying personality traits. The factor analysis enabled extraction of four factors explaining 47% of variance. These factors represent four decision-making styles defined by two dimensions (own information – acquired information, I make my own decisions – I make collective decisions with others).