Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
rational model of decision making process
rational model of decision making process
explain with examples of decision making process
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: rational model of decision making process
Hitting roadblocks and problems while attempting to accomplish a task or while conducting business is a fact of life. Managers and leaders have numerous responsibilities and decisions that they face each day during the normal course of business. Some of these decisions are small, such as delegating a task to an appropriate subordinate. Other decisions are large, such as formulating a strategy that can affect the lives of thousands of employees within the organization and companies up and down the supply chain. Regardless of the size of the decision, in our increasingly complex and interconnected world, it is critical that managers have the necessary skills to recognize and identify what the problem is, as well as having command of the tools …show more content…
(2015) discuss three different perspectives that can be utilized to analyze a problem: “(1) the rational model, (2) the organizational process model, and (3) the…collaborative model” (p. 244). The decision model utilized by decision makers will greatly influence how a problem is perceived and interpreted (Nahavandi et al., 2015). Therefore, it is critical that managers are aware of how the lens of the decision making model will influence the outcome of the decision making process. When utilizing the rational model of decision making the “phases for decision making are performed deliberately and consciously, relying on the rationality of the decision maker’s thoughts and behaviors” (Nahavandi et al., 2015, p. 244). This decision model assumes that the individuals making decision behave in a rational manner when making decisions or taking other actions (Nahavandi et al., 2015). In the context of decision making, Nahavandi et al., state that “to behave rationally is generally understood to mean that people to try to maximize the value they receive in any situation” (2015, p. 244). Given the nature of the problem facing BSE Veterinary Services the rational model would provide the best framework for making this
In everyday real life situations, one keeps on making various decisions depending on a number of factors. Thus, decision-making is an integral tool in human life, and one cannot avoid it. In view of this, experts report that individuals make use of varying decision-making models to arrive at a decision that suits them. Here, the writer presents four decision-making models, namely the classical, behavioral, satisficing, and optimizing models.
Negotiations and decisions are a part of everyday business. In order to make a successful decision, it is necessary to understand how to make rational and sound decisions. Decisions that are rash, made on snap judgments, and past experiences can prove detrimental to a business. A deficit in basic thinking and decision making is felt at all levels of an organization (Gary, 1997). Decisions can have long term and short term impacts on organizations and their world in which they exist (Turner & Dean, 2008). In order to understand the process of making a sound and good decision, it is necessary to define and understand several decision-making models. These models help to make clear the issues to be addressed and the goals that need to be obtained before a final decision is made. This paper will discuss the zero sum game, win-win, satisfying solutions, and the fixed pie models.
Considering many factors, I decided that the Ethical Decision-Making Model was the best choice for me when it came to job-related decision-making. I feel that by using the Ethical Decision-Making Model I was able to maximize my opportunity for a successful outcome.
A cornerstone characteristic among those that have been successful in the society is that during times of stress and pressure, they still show that they are in control of things regardless of the issues that may or may not be within their control. In and during times of pressure, a successful leader inspires the rest of the workforce, people who on many occasions could have lost their faith in the cause because of the pressure. During such times, action is taken by a leader, a leader wouldn’t just sit back and watch as things go wrong while they are capable of making or bringing about changes that are crucial to restore order and productivity. In order for the leader to be effective in this area, they must be capable of properly conducting an assessment of a given situation before they take action. The results of the assessment should primarily provide guidance on the most feasible and effective course of action that the leader should consider taking (Collins, and Porras, 25-7).
This book is important to business students because it shows that even the most seasoned executive runs into unexpected challenges and can find themselves in uncharted territory. Jim Barton’s experiences and lessons can be lessons for anyone. Any employee, whether they are support staff or a top executive, should always maintain an open mind and be ready to learn from a situation or the people around them at any time.
One of the hardest problems that I faced as a manager was the decrease in sales. In the previous years the sales were much higher. In order to identify the problem, I decided to gather all the information I needed such as financial statements, merchandise, and marketing strategies. After my research I was able to identify the problem, which was the lack of the employee’s’ product knowledge. As a result of stage one, I generated alternative solutions such as hiring new staff or training the current employees, which is considered stage 2 of Rational Decision Making. In stage 3, I evaluated both solutions and decided it was more ethical to train the current staff. Finally, the solution was implemented and the employees were trained. In time, the sales increased and the solution showed effectiveness.
Use the Six-Step Decision Making Model to describe the planning for purchasing a new school outfit for an elementary girl in Grade 5 (Age 10) that you are responsible for (parent or guardian).
Decision-making is a cognitive process that results choosing one of the alternative options. When we think logically, we exclude emotions and use only rational method of selecting the best choice that achieves the best possible outcome and consequences. In our daily life, we take many decisions and many changes over it. So, the question is; what factors influence the decision making process? According to the article, frontal cortex is the part of the brain that responsible for decision making, the researchers assume that human reasoning and decision making depends on many levels of cognitive operations which depends on many support processes as emotions, attention and working memory. The reasoning process is also depends on the knowledge about the situation and options for actions.
Leadership constantly presents challenges to the leader’s abilities. Changes occur in the organization environment, disrupting the equilibrium. The approach a leader uses to handle and manage challenges effectively, greatly determine the success of the organization (Hall and Hord, 2006). In the modern-day organizations, challenges come in the form of people and obstacles that prevent the organization from reaching its goals. Moreover, there are a lot of complexity and unpredictability. New set of skills is required for the organization to stay competitive and achieve the set goals. Hence, the life of a modern-day leader is more demanding than ever (Kouzes and Posner, 2006).
Challenges are inevitable when one is a leader and in many instances, great leaders are identified based on how best they handle difficulties. When an organization is facing a challenge, all the employees as well as the customers turn to the leader for direction and at this point a wrong decision may create a negative impression of the leader. While handling a difficult task, it is important that the leader considers tips like; facing the reality that every person is expecting him/her to a potential direction which leads to success, stepping up and making greatest sacrifices for the sake of lifting the organization up again and finally involve relevant personnel towards developing the best solution as well strategies to implement them.
Managing a business can be very stressful especially being that most times one would be making decisions that could lift or drive their business straight into the ground. (Arensmeyer 3) One of the most important th...
Decision making refers to the process of finding and selecting options according to the priorities and values of the person making the decision. Since there are many choices involved, it is important to identify as many options as possible so as to pick the option that best fits a company’s target, goals, values and vision. Due to the integral role of decision making in company growth and financial progress, many firms such as Amazon.com and EBay are pumping in huge investments in business intelligence systems, which are made up of certain technological tools and technological applications that are created for the purpose of facilitating improved decision making process in business. In this paper, I take a critical look at Decision Support Systems and how they affect organizational Decision making.
Top-Knock, like any other organisation, must undergo change at some point or the other during the life-span of the organisation. To Top-Knock, these changes are crucial. The organisation is going to experience a rapid amount of new clientele. This will require them to grow as a business. This growth will enable them to cater for the influx of people that will soon want to be in contact with the organisation. This assignment will discuss organisational development and change and will also explain how Top-Knock Enterprises can implement these changes and develop their organisation.
Rational decision making is one of the most common problem solving methods and can be used to solve almost all problems. Rational decision making and problem solving processes can be explained in a logical manner. Effective leaders use rational decision making processes to identify the problem, think up solutions, evaluate alternatives along with select a solution, implement and evaluate the final solution. In rational decision making leaders analyze the problem to achieve the most efficient choice through different possible alternatives from different scenarios before making a selection.
Consumer Decision Process From buying a hamburger to buying a house people use a process in order to make a decision on what to buy. (book cite) describes this as the consumer decision process (pg.175). Utilizing a consumer decision process model, marketers are able to better understand how consumers are purchasing products and services. The five step consumer decision process model includes need recognition, information search, alternative evaluation, purchase, and post purchase.