Got a tricky question? Receive an answer from students like you! Try us!

Decision Making Model - Essay Example

Only on StudentShare
College
Author : lorna39
Essay
Miscellaneous
Pages 3 (753 words)

Summary

Making decisions is common to all people. Everybody at myriad points in their lives is confronted with various decisions needed to be made. In doing so, people opt for different methods that they are comfortable with and prove to be effective for them. It should also be noted that a person may resort not only to one particular style but to different ways of making decisions ("Wikipedia", 2005)…

Extract of sample
Decision Making Model

The initial step in this model involves identifying the decision to be made since it is vital that one is fully aware and clearly comprehends the decision at hand. The second stage is knowing one's self or undergoing self-assessment. This means that a person should be familiar with his/her skills, interests, values and personal traits as these factors would have substantial effects in making the decision. (Roberts, n.d.)
The third step begins with identifying options or exploring alternatives. A person should know the choices available that are in line with the abovementioned factors. The fourth step involves gathering information or researching about what may be the potential consequences of the decisions. This step may entail interviewing other people with regard to their experiences in making the same decisions. One may also read books or surf the internet during this decision-making point. It is important to remember that the more information gathered the easier it is to make the decision. (Roberts, n.d.)
The next step entails evaluating the options by identifying the pros and cons of each alternative. ...
Download paper

Related Essays

Strategic Analysis and Decision Making
Such an ideal model of decision making also presumes that the decision maker is aware of all possible alternatives and that he or she decides subsequent to examining them all. A modern approach recognizes that decisions are made in an automatic, instinctive fashion. Specifically, image theory claims that people will take on a course of action that best fits their individual principles, current goals, and plans for the future.…
11 pages (2761 words)
Strategic Decision Making
There is no better appropriate timing and place other than this kind of TV appearance. Customers eagerly await such announcements when policy changes take place on the aftermath of old guard changing at the helm. The strategic significance of this decision lies in the fact that the new CEO has recognized the relevance and the importance of the TV as a medium of communication to target potential customers who otherwise would be clueless as to the future strategy of CH.…
10 pages (2510 words)
Decision Making Essay
The appropriate leadership style applied to a specific situation and issue may help in understanding the participative decision-making and the motivations that induce such participation. Functional participation (Yukl, 1981)2 is present; when, leader has the authority to make a decision, the decision is made without stringent time limitation, subordinates have the relevant knowledge to discuss and implement the decision, subordinates' characteristics (values, attitudes, needs) are congruent with the decision to participate, and the leader is skilled in the use of participative techniques.…
2 pages (502 words)
Models of Decision Making
Although, the offshore firm was willing to do revisions, there were issues of quality control, language barrier, distance and timing to contend with. Maybe it was partly because it was the first time we use outsourcing service, but the foray was certainly disastrous.…
2 pages (502 words)
managing Decision Making and decision support
c) The inability of Morse to handle its end-user computing is a structure problem. There company understands the problem and it is recurrent occurrence. There are solutions and potential paths the company can choose to solve the problem if they are willing to invest resources to obtain the solution to the problem.…
4 pages (1004 words)
Describe the decision making model
There are various decision making models; the pure rationality model, disjointed incrementalism model, rounded rationality model, intuitive model, recognition primed model, ultimate model and the cost/benefit analysis model. The pure rationality model is the most rational model in decision making but unrealistic as it is based on unlimited time, resources and knowledge assumption in its implementation.…
2 pages (502 words)
MANAGEMENT DECISION-MAKING business model assignment
Why? The reason behind aiming at this target market is the fact that, they are young and therefore spend much of their cash on beauty products in an attempt to look more attractive (Pavie, Xavier, Hsu, Eva, Rödle, Hanns Justus Tillman, & Tapia, Raquel Orozco, n.d.). Why? Because they spend much of their monies on beauty. Our new deodorant being in a position to stay more than a day with original strength and effect is an added advantage to this target group as this means less
2 pages (502 words)