Decision Making Self-Analysis - Assignment Example

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Decision Making Self-Analysis

These two are the most basic models of decision making that inspire the whole process (Elham, 2010). The rational model involves four stages that ought to be followed when making decisions. These steps comprise of identifying the problem, developing solutions, choosing a solution and executing as well as assessing the solution. These four stages represent the whole decision making process and provide for the necessary dynamics that guarantee the effectiveness of the process. Each stage in the rational model is of immense significance to the holistic process and should therefore be approached with care in order to achieve effective results. This model has some shortcomings including the absence of sufficient information that hinders decision making and the reality that a problem could transform within a short period of time (Schoorman & Acker-Hocevar, 2010). The normative model indicates that decision making has a number of components that characterize its application. Among these features include restricted information processing, judgmental heuristics along with satisficing. Limited information processing underscores that fact that at any given time only a restricted degree of data can be used or processed for decision making. ...Show more

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Decision Making Self-Analysis Insert Name Insert Grade Course Insert Submission Date Decision-Making Models There are several decision making models, which facilitate the comprehensive task of decision-making. Basically, models play a guiding role in the vast process through setting the platform for the various phases of decision making…
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Decision Making Self-Analysis essay example
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