Rational Decision Making Model Essay - 550 Words

Rational Decision Making Model (Essay Sample) Content: NameProfessorCourseDatePart 1:Rational Decision Making ModelThe Rational Decision Making model encompasses a multi-step process in making decisions. One has to identify the problem, gather the necessary information and come up with a clear criterion on how the decision concerning this problem is going to be made  ADDIN EN.CITE Boundless201423(Boundless)232344BoundlessRational Decision Making: Boundless Management2014Boundless/management/textbooks/boundless-management-textbook/decision-making-10/rational-and-nonrational-decision-making-76/rational-decision-making-369-8376/201517 March( HYPERLINK \l "_ENREF_1" \o "Boundless, 2014 #23"
Boundless). The most important part is that, the decision maker must come up with a number possible solutions to the issue at hand  ADDIN EN.CITE Shapira200222(Shapira)22226Shapira, Z.Organizational Decision Making2002Cambridge University Press9780521890502https://books.google.co.ke/books?id=C7KbGmTg3qUC( HYPERLINK \l "_ENREF_3" \o "Shapira, 2002 #22"
Shapira). Then the best alternative by carefully select and analyzed. Once a decision is arrived upon, it is implemented and later evaluated to check if there were any errors in thinking and the resulting consequences. The steps involved in this model can be simply listed as follows:Identifying the problem at hand.Gathering relevant information with regard to the problem.Establishing a decision criteria.Weighing the decision criteria.Sourcing for an alternative solutions to the issue.Carefully evaluating the alternatives.Choosing the best alternative to be followed.Implementing the decision.Evaluating the decision.For an optimal model, the decision maker must ensure that all the steps are observed and repeated every time he/she has to make a decision.Pros of the Rational Decision Making ProcessThis method is well structured and therefore instills discipline in the decision making process. It is very strict on the steps to be followed.This method is objecti ve rather than subjective. This is because the decision maker uses facts in coming up with solutions to a problem.The method helps in coming up with a variety of solutions to a complex problem and only the best alternative is implemented.The method increases consistency in logical decision making and reduces errors caused by guesswork and subjectivity.Cons of the rational decision making processThe process requires a lot of time and is unsuitable for quick decision making. It is mostly used for long-term decision making rather than short term decision making.This process is very conservative and does not give much room for making risky decisions which at times bring big positive changes to an organization  ADDIN EN.CITE Shapira200222(Shapira)22226Shapira, Z.Organizational Decision Making2002Cambridge University Press9780521890502https://books.google.co.ke/books?id=C7KbGmTg3qUC( HYPERLINK \l "_ENREF_3" \o "Shapira, 2002 #22"
Shapira).This process hinders innovativeness since i t relies only on available data for making decisions.This process relies on cold facts thereby ignoring sensitive human feelings concerning a decision. This may work negatively on human relations within an organization.Decision making scenario that might benefit from this modelSelecting the best site to put up a manufacturing plantPart 2:Total score: 63Creating a positive decision-making environment- Score 13/20 ADDIN EN.CITE Mind Tools21(Mind Tools)212112Mind Tools,How Good is Your Decision-Making?201518th March,/pages/article/newTED_79.htm( HYPERLINK \l "_ENREF_2" \o "Mind Tools, #21"
Mind Tools).Generati...