Wednesday, April 3, 2013

Decision Making Model Analysis

Decision make is the cognitive process leading to the choice of a course of action at law among alternatives. Every decision-making process produces a final choice called a decision. It can be an action or an opinion. It begins when we need to do something but we do non know what. Therefore, decision-making is a reasoning process which can be rational or irrational, and can be based on explicit assumptions or tacit assumptions. (Wikipedia pg 1). The previous few sentences cede the definition of decision making according to the Wikepedia website. In making decisions, most people use models whether they realize it or not. The solve of this paper is to analyze the rational decision-making model and give an pattern of how this model can be used.

According to Ryan K. Lahti, we use quadruple fundamental decision-making models in todays business world (1996 pg 1). These four models argon the rational, political, process, and refuse can models. As can be expected, each of the four models has quite diverse advantages as well as disadvantages. though each model can be used in a variety of situations, they do each apply more(prenominal) accurately and easily in certain given situations. I have chosen to analyze one of the most democratic models in this paper, the decision-making model.

The rational decision-making model is based on the flowing economical aspects of decision making.

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It is also based on a scientific, methodical approach to decision making. Thomas S. Bateman and Scott A. Snell, in caution: The New Competitive Landscape, explain that by following the six-spot given steps in the rational decision-making model individuals are more easily able to make clear and meticulous decisions (2004 pg 70-71). The six steps that they spoke of are as follows.

1. detect and diagnose the problem.

2. Generate alternative solutions.

3. Evaluate...

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