Rational Vs. Non Rational Decision Making - 1366 Words

Rational vs. Non-rational Decision Making There are different approaches when talking about decision making. The first model is rational. Rational decision making is based on practical thinking, logic, and/or evidence. This type of decision making is sensible and is often part of a plan. This decision will directly affect what comes next in the sequence of events. There are four stages in this process. Stage one is actually stating the problem or opportunity. In order to make a decision, you first have to understand the issue at hand. The last part in this stage is reaching a diagnosis after â€Å"analyzing the underlying causes† (p. 215). Stage two is about making a list of possible solutions to your problem or opportunity. It’s important to think up multiple solutions in order to calculate which will be the most effective. Stage three is about looking closer at the solution you have come up with. Each solution is carefully evaluated in order to gain an und erstanding of the plan and gauge its possible effectiveness. There are three questions you have to ask during this stage: â€Å"Is it ethical?† â€Å"Is it feasible?† and â€Å"Is it ultimately effective?† (p. 215). Stage four is about action. This is when the chosen solution will be implemented and evaluated for success or failure. Because the plan is being carried out, it is important that you are confident in the chosen solution and it was carefully decided on. If the decision will not benefit all parties involved, itShow MoreRelatedThin Slicing1266 Words   |  6 Pagesquick decision or opinion.   This decision making approach is recognized as,   thin-slicing   where small sound bites or snippets of information is quickly assimilated and then based on, experience and expertise the sub consciousness or unconsciousness is lead to formulate opinions or draw conclusions.   This is contrary to the often recommended and traditional decision making a pproach which uses more of a linear process involving analyzing and conceptualizing information prior to making a decision. ThinRead MoreInternet Entrepreneurs Essay1803 Words   |  8 Pagesdid they devise strategies that resulted in the success of their firms after start up? What types of processes did they adopt to set up their strategies? Do they have any preferences for certain approaches to formulate their long term strategic decision making beyond start up? Are there any differences between these successful entrepreneurs when they develop their strategies after start up? These questions raise a major question as to how Internet entrepreneurs actually develop their post start upRead MoreTheories of Crime Causation: Trait Theory and Rational Choice Theory1377 Words   |  5 Pagesï » ¿Theories of Crime Causation: Trait Theory and Rational Choice Theory Introduction Theories of crime causation get to the fundamental characteristics of human nature. Theories of crime causation can be separated into trait theories and choice theories. Both types of theories make valid points about the causes of crime, yet they are have different implications for preventing the causes of crime. Thesis: Trait theories and choice theories both assume that humans are self-interested, but their conceptionsRead MorePro Globalist vs Anti Globalist1341 Words   |  6 PagesPro Globalist vs. Anti Globalist An Essay Globalization in a broader sense means Integration. This integration happens through the flow of resources in the form of information, ideas, technology, goods, services, capital, finance amp; people. Like everything else that flows, the flow of resources happens from high potential (country) to low potential (country). Globalization is therefore a natural phenomenon and is bound to happen unless stopped by an external force. In principle all flows areRead MoreExplain the Decision Making Process with Example of Your Own4370 Words   |  18 PagesEXPLAIN THE DECISION MAKING PROCESS WITH EXAMPLE OF YOUR OWN. Introduction:- Decision making is an integral part of the most of the top managers duties. Not even a single day passes without taking decisions particularly in modern organisations. Hence, management and decision ­ making are considered as inseparable. In fact, whatever a manager does, he can do it only by taking some decision. All matters related to planning, organization, staffing, directing andRead MoreRecruitment Selection: Myers Briggs1568 Words   |  7 PagesThe Myers-Briggs Type Indicator ® (MBTI) is a psychometric test used to measure psychological preferences in how a person makes decisions and perceives their surrounding environment. A mother-daughter pair, Katherine Briggs and Isabel Myers developed the test based on the typological theories of Carl Gustav Jung. After more than fifty-years of research and development, the MBTI has become the most widely used and respected personality tool. Eighty-nine companies out of the US Fortune 100 make useRead More Effective Leadership Style on Groupthink Essay example1394 Words   |  6 Pageslead a group (i.e., leadership style) plays a significant role in group decision-making process and decision quality. Effective leadership encourages members’ participation in decision-making process, and promotes cooperation and motivation among group members. On the other hand, ineffective leadership, which lacks impartiality, can be a great risk factor for groupthink; a phenomenon refers to poor decision process and decision quality (Chapman, 2006). Groupthink is undesirable for groups because itRead MoreMax s Bureaucratic Model With Frederick Riggs Model Essay1169 Words   |  5 PagesThis non-personal view of organizations followed a formal structure where rules, formal legitimate authority and competence were characteristics of appropriate management practices. Weber’s characteristics of the bureaucratic model are identified as, Hierarchy, Division of Labour, Consistency and Qualif ication, whereas the characteristics of Fredrick Riggs prismatic model is recognized as Heterogeneity, Formalism and Overlapping. Max Weber’s Bureaucratic model is based upon legal Rational AuthorityRead More Effect of Stress on Decision Making Essay3196 Words   |  13 PagesEffect of Stress on Decision Making Stress must be present to ensure our very being. One may wonder about the validity of this statement, but it is quite true. Stress plays a vital role in the way we make decisions (Massa et al, 2002, pg 1). â€Å"Problem solving and decision making in demanding real-world situations can be susceptible to acute stress effects which manifest in a variety of ways depending on the type of decision. The negative effects of an overload of acute stress include attentionalRead MoreThe Importance Of A Better Knowledge Base About Diversity Issues And End Of Life Decision Making1442 Words   |  6 Pagesreviewed herein have made important contributions toward the development of a better knowledge base about diversity issues and end-of-life decision making. Although the small number of studies conducted and the methodological concerns evident in the research preclude making many definitive conclusions about how different racial or ethnic groups approach end-of-life decisions, the results to dat e suggest that the end of life is a distinct context that merits special study in research on diversity and aging