Free Essays on Decision Making Model

Making decisions is a major portion of the manager's responsibilities. It is not an aspect that cannot be taken lightly nor can it be done in a hasty manner. Hasty, careless decisions can have devastating results on the manager's department or even for the entire company. Decisions that are made with deliberation using different kinds of processes, however, can lead the department or company to better and/or more profitable operations. When decisions are indeed made in this manner, the manager should feel confident that he or she has made an appropriate decision and is the best option given the information available at the time. This does not mean to say that the manager will always make the correct decision; lack of information or situational changes can lead to faulty analysis. However, if the manager uses critical thinking and proven successful decision-making strategies, he or she can and should be confident in whatever action they have decided is appropriate. Their own confidence level will, in fact, affect the outcome of their action. To make an effective and ethical decision, a manager could utilize a decision making model that consists of several, relatively simple steps. The first step in this model would be to gather all of the pertinent facts. By doing this, a manager will ensure that he or she has all of their bases covered. Secondly, a manager will need to create a list of all the stakeholders involved. They would need to ask these simple questions: Who is involved? How will it affect them? What could happen if chose an alternative? Then, utilizing the last question asked, imagine the alternatives that could be taken and then discard those that are clearly wrong. Through this technique, a manager will be able to, figuratively speaking, â€Å"weed† out the wrong from the right decisions. Lastly, picture each remaining alternative in terms of some relevant questions and then choose correctly. These questions includ... Free Essays on Decision Making Model Free Essays on Decision Making Model Making decisions is a major portion of the manager's responsibilities. It is not an aspect that cannot be taken lightly nor can it be done in a hasty manner. Hasty, careless decisions can have devastating results on the manager's department or even for the entire company. Decisions that are made with deliberation using different kinds of processes, however, can lead the department or company to better and/or more profitable operations. When decisions are indeed made in this manner, the manager should feel confident that he or she has made an appropriate decision and is the best option given the information available at the time. This does not mean to say that the manager will always make the correct decision; lack of information or situational changes can lead to faulty analysis. However, if the manager uses critical thinking and proven successful decision-making strategies, he or she can and should be confident in whatever action they have decided is appropriate. Their own confidence level will, in fact, affect the outcome of their action. To make an effective and ethical decision, a manager could utilize a decision making model that consists of several, relatively simple steps. The first step in this model would be to gather all of the pertinent facts. By doing this, a manager will ensure that he or she has all of their bases covered. Secondly, a manager will need to create a list of all the stakeholders involved. They would need to ask these simple questions: Who is involved? How will it affect them? What could happen if chose an alternative? Then, utilizing the last question asked, imagine the alternatives that could be taken and then discard those that are clearly wrong. Through this technique, a manager will be able to, figuratively speaking, â€Å"weed† out the wrong from the right decisions. Lastly, picture each remaining alternative in terms of some relevant questions and then choose correctly. These questions includ... Free Essays on Decision Making Model Decision Making Model Making a good decision requires time and effort. Everyone makes decisions everyday. Most of these decisions are made without a lot of time and effort. When confronted with ‘big’ or ‘important’ decisions most of us struggle with how to make the best decision. If we try to make decisions using logic, careful analysis and perform a thorough information search we should feel confident that we are going to make a good decision. When applying rationality to decision making we are forced to confront and clarify our priorities and values. Imagine someone walking into a neighborhood drugstore to purchase a bottle of Scope mouthwash. What made him/her purchase Scope rather than the Listerine that he or she has been using since the tender age of ten years old? The answer may lie in critical thinking. What is critical thinking? According to Bassham et al, â€Å"critical thinking is the general term given to a wide range of cognitive skills and intellectual dispositions needed to effectively identify, analyze, and evaluate arguments and truth claims, to discover and overcome personal prejudices and biases, to formulate and present convincing reasons in support of conclusions, and to make reasonable, intelligent decisions about what to believe and what to do† (Bassham et al, 2002). Does a person always use critical thinking? Not always, because we are so used to being in a decision routine. But we all may have used critical thinking at one time or another. Rational Decision Model What is a rational decision? â€Å"A rational decision is one which best achieves the multitude of objectives of the decision maker(s).† (Ernest H. Horman & Mary Ann Selly, 2001). When we want to make the ‘best’ decision we need to take our time, look at our options and really try to figure out what we want to accomplish. We have to think about the various scenarios that may result because of the decision we make. One model that...