The decision making process: Effective Management - Essay Example

Comments (1) Cite this document
Summary
I. The decision making process There are a number of decision making processes that have been cited to aid any decision maker in coming up with an alternative that one deems to work given a set of variables in a particular situation. Some analysts have categorized the decision making models into two major groups: the first group is called the rational decision making model, while the second group involves intuition, hence it is called the intuitive models (McDermott, 2006)…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER98.8% of users find it useful
The decision making process: Effective Management
Read TextPreview

Extract of sample "The decision making process: Effective Management"

Download file to see previous pages Each alternative is assessed with its advantages and disadvantages (or the pros and the cons), and these are rated and compared, taking into consideration the ones that are closely resulting to the desired results given the circumstances. Rational models are said to be time-consuming and involve a lot of information and data gathering, plus the processing time to convert the data into management information readable to decision makers. Indeed, rational models will require substantial time devoted to prepare the appropriate information needed by decision makers (McDermott, 2006). However, rational models are quite popular and the most sensible models to use. It is popular to decision makers who believe in a systematic and orderly process in doing things. Rational decision making models, while time-consuming, involve a decision process that requires “thinking”, and where “various options are rated according to potential advantages and disadvantages”. Accordingly, the one option receiving the highest score will have to be chosen as the final decision being the “optimum one” (McDermott, 2006). ...
an alternative choice, given a pattern of experience and results by that someone making a decision who has given more weight on expediency rather than the more logical result of a time-consuming, rational approach to decision making. McDermott (2006) has cited the works of Dr. Gary Klein on intuitive-based decision making model called Recognition Primed Decision Making Model. Such decision making process involves relying on feeling, or “gut feel” coming from past experiences, or a series of events or patterns happening in the past, allowing a conclusion to be formed based on these past experiences. McDermott described it further: His recognition primed decision making model describes that in any situation there are cues or hints that allow people to recognise patterns. Obviously the more experience somebody has, the more patterns they will be able to recognise. Based on the pattern, the person chooses a particular course of action. They mentally rehearse it and if they think it will work, they do it. If they don't think it will work, they choose another, and mentally rehearse that. As soon as they find one that they think will work, they do it. Again past experience and learning plays a big part here.(An overview of decision making models, 2006). In other words, the intuitive model of decision making process can be an acceptable form or process of decision making depending on the person making the judgement. Anyone armed with the knowledge based on experience can be trusted to make a decision that will produce the desired result or effect. Such expertise, should however, be cautioned with discretion, since relevant information that may be readily available may be ignored and sacrificed if one will just rely on past experience as a biblical truth to guide one’s ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“The decision making process: Effective Management Essay”, n.d.)
Retrieved from https://studentshare.org/business/1397454-effective-management-decision-making
(The Decision Making Process: Effective Management Essay)
https://studentshare.org/business/1397454-effective-management-decision-making.
“The Decision Making Process: Effective Management Essay”, n.d. https://studentshare.org/business/1397454-effective-management-decision-making.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
dn
dnicolas added comment 2 months ago
Student rated this paper as
The topic of "The decision making process: Effective Management" is quite often seen among the tasks in high school. Still, this paper opens a brand new perspective of seeing the problem. I’ll use the manner for my own text.

CHECK THESE SAMPLES OF The decision making process: Effective Management

Decision Making Process

...an appropriate model in my decision-making process. The consumer decision-making process is very essential to both the marketer and the consumer. To the marketer, it helps him or her achieve customer satisfaction levels that are required by tailoring the products to an extent of being able to elicit excitement to the customer and convince him or her to buy. While to the customers, it helps them avoid after purchase regrets due to missed values and endowments. When a consumer masters how to manage his or her purchasing process by effectively applying...
9 Pages(2250 words)Essay

Decision-Making Process Paper

...was getting paid over 20% more than the job offers available in the marketplace for similar type work. A second decision I could have made at the time was to leave work in order to start my own business. A third option could have been to find a job that paid a higher salary prior to quitting the job. An alternative solution was to communicate with the supervisor the things that made me unhappy at the workplace. Some of the things I did not like included the lack of training and development, poor use of internal recruitment, and poor communication between the managers and the employees. The six-step decision making process would have been very beneficial....
3 Pages(750 words)Essay

Effective Decision Making

...? Effective Decision Making of the of the Effective Decision Making Introduction The decision-making practice is conversant to everyone, being functional at almost all distinct and comprehensive stages in person’s professional and private life. It is generally presumed that decisions are always taken to sort out conflicts and issues. In some situations, it seems more preferable to avoid and not to act at that moment. The true identification of the situation and effective decisions collectively yield better results when dealing with unexpected consequences. Alan Mulally is a man that has turned around the automaker's finances through his effective decision making. Mulally became the CEO of Ford Motor Company in Fall 2006. He... is not an...
4 Pages(1000 words)Essay

Ethical Decision Making Process

...ethical theory, in that it fulfills the need to achieve a successful outcome; it avoids all of the rules and regulatory restrictions that may deny someone control of the situation. He seems to, also, show high signs of motivist theory, as well. The motivist ethical theory are not based on any absolute values, they believe the intention of, or the reason that motivated, the act is what is paramount. ("Ethical theoretical systems," 2011) This ethical theory, also, leads to rationalizations of those decisions, which is a trademark of the character House. “Making good ethical decisions require sensitivity to ethical issues and practiced method for exploring the ethical aspects of a...
4 Pages(1000 words)Assignment

Consumer Decision Making Process

...other products that would warrant complex buying behaviour for this consumer. Components of the decision making process The management literature suggests that a customer goes through five distinct stages before making a purchase decision. Referring to Capon and Hulbert, these five stages are recognizing problems, acquiring information, evaluating alternatives, making a choice, and post-purchase processes (p.102). The purchase decision making process starts with recognizing problems. Under this phase, the consumer identifies his problem/need or...
8 Pages(2000 words)Assignment

Group Decision Making Process

...making process is that a good process itself doesn't guarantee the good outcome, and, on the contrary, complicated decision making process doesn't always result in a bad decision. Group decision making process is much more complicated than the individual one, due to the fact that there are several people in the group whose views have to be considered when making a decision. On the contrary, the products of the group process are often more qualitative than those of the individual one, as when there are several people in...
2 Pages(500 words)Essay

Decision-Making Process Paper

...ID Lecturer Decision-Making Process Paper My decision-making process depends greatly on what I want to achieve in essence. This is the reason why my decision-making is always well thought out. The decision-making process starts with the analysis of the different perspectives which have come to my reckoning. After this has been done, I find the reasoning for it so that my decision-making does not get affected by entirely alternate evidences which might be available at one point in time in the future. I want to be 100...
2 Pages(500 words)Essay

Ethical Decision Making Process

...Ethical Decision Making Process Hypothetical Jane Jones works for ABC Corporation, a U.S. based corporation and her work involves travelling internationally. In one of the travels, Jane experiences difficulties clearing with the customs. While she has all the documents, the inefficiencies and corruption within the customs means she will wait for another couple of hours and miss a scheduled company meeting. The main problem highlighted in the hypothetical case relates to ethical dilemma and conflict of interests as they relate to decision-making. There are various courses of action that Jane could take. On one hand, she could choose to pay the customs...
2 Pages(500 words)Essay

Decision Making Process Paper

...Management Decision-Making Process Decision-making is the act that involves choosing two or more s of action. It is crucial to note that it is not all the time that a person will be in a position to make the correct decisions based on the choices available for choosing. At times, people make decisions without considering the better choice or gathering enough information (Bateman & Snell, 2007). Therefore, a person has to make sure that there is a record of important decisions to make, or identify the right...
1 Pages(250 words)Essay

Consumer Decision Making Process

...Consumer Decision Making Process Consumer Decision Making Process Introduction and Analysis The interview began with a brief introduction of the interviewer and the intention of the interview to the interviewee who bought a 400 QR worth Samsung Galaxy phone. When asked what made him buy the Android phone, he answered that Android phones were trendy and stylish. This is probably because his peers had already had Android phones by then, and when he got an opportunity to buy a phone, it was not going to be an inferior one. When asked about the number of alternatives he had considered, if any, he affirmed indeed he had considered many...
4 Pages(1000 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic The decision making process: Effective Management for FREE!

Contact Us