Nobody downloaded yet

Decision Making Assignment - Essay Example

Comments (0) Cite this document
Name: Tutor: Course: Date: University: Decision Making Models Decision making can be termed as a process that involves selecting an alternative course of action and results to getting what you want by using knowledge or what one can learn. Decisions are of a particular matter or an issue conclusions and judgments…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97.9% of users find it useful
Decision Making Assignment
Read TextPreview

Extract of sample "Decision Making Assignment"

Download file to see previous pages Value refers to what one visualizes significance in life that is, what is right or valuable in life. Values provides priorities setting base for deciding worthwhile actions and goals and less important ones and thus gives meaning to the life’s of people. By knowing the values of a family for example, the members of the family can decide on the goals, make the required and critical decisions and subsequently take the needed action which can meet the predetermined goals. Some differences and individual conflicts have to be resolved by establishing the best way while forming a basis for the family values using the individual values. A decision maker must be acquitted on the environment on which the decisions are being made. The environment comprises of opportunities, limitations and change possibility. Where there is presence of only one course of alternative, there can be no decision to be made. One possible alternative can not constitute a decision making process. In existence of limited choice, where one has a choice of selecting to undertake an action or to decline taking action, there is involvement of decision making in such a situation. Primarily, the decisions can concern personal or individuals while others can involve the community wholly or the society at large. The other decisions may engage group members. A group of members carry easily, acceptable decisions more efficiently if involved in the process of decision making. If there is suggestion of more available alternatives and options that are not productive as identified earlier, group decisions are always better. Decisions may be reached through dominance that is, submission where the situation is dominated by one person and others consent with the decision as it is made. This is however, given the name to as win-lose situation. A win-win situation can also be adopted through what is called conversions. Additional points of facts are brainstormed, presented, and the person persuades the others members of the group. Through integration, decisions can be reached through synthesis of the developed ideas which can be agreed upon and supported by everyone. They are many types of decisions which can be differentiated by their content. These types includes social and in other terms human decisions which involves goal setting and the various priorities that determine and influence the individuals general roles and the relationships of the group individuals. Decisions involving allocation of resources and distribution of these available resources among the various set goals are economic and in other term can be called allocation decisions. Another type of a decision is technical decisions which describes what, how, who, when, and why to accomplish a specific task and also regarding the efficient allocation of resources to attain a single goal. The other type of a decision relates to social economic and technical matters. They can be called coordination and interaction decisions because they deal with family communications and also the larger community and the kind of the needed information, while making other decisions, and way of motivating people to carry out their roles. Decisions are not dependent and also interrelated among each other. This makes the decision making process to be termed as dynamic. Decisions are often affected by and affects other decisions at appoint in time. There are models used ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Decision Making Assignment Essay Example | Topics and Well Written Essays - 1500 words”, n.d.)
Retrieved from
(Decision Making Assignment Essay Example | Topics and Well Written Essays - 1500 Words)
“Decision Making Assignment Essay Example | Topics and Well Written Essays - 1500 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Decision Making Assignment

Information based decision making

...?Information Based Decision Making Table of Contents Introduction 3 Nature of data and information 4 Sources of data and information 5 Criteria for selection of data and information 5 Legal requirements relating to collection, use & storage 7 Decision making models 8 People participating in decision making process 10 Methods of presenting decisions made 11 The processes for implementing a communications method 12 Reference 13 Introduction Those days are over when almost all the decisions were taken by head of the business and all other members have to follow that. However, in the prevailing contemporary...
10 Pages(2500 words)Assignment

Financial Decision Making

... form of business includes double taxation, less control over the decision making of the firm, and the possibility of devaluation in the value of the equity based on market activity. Joint and several liabilities apply only to partnerships. The most prevalent business structure utilized on today’s economy is the corporation. 7. An S corporation is a type of corporation that elects to pass corporate income, losses, deductions, and credit through to their shareholders for federal tax purposes (Irs, 2010). 8. Double taxation refers to a situation in which the owner of a company pays tax twice. The company pays taxes on the earnings and the stockholders pay taxes once again on these earnings whey they are paid dividends. Bondholders... a...
2 Pages(500 words)Assignment

Decision Making Self-Analysis

...? Decision Making Self-Analysis Insert Insert Grade Insert Decision-Making Models There are several decisionmaking models, which facilitate the comprehensive task of decision-making. Basically, models play a guiding role in the vast process through setting the platform for the various phases of decision making. In essence, decision making is a process through which several courses are evaluated in the consideration of the best way forward. Hence, at the tail end of the process a definite course of action is selected. There are various models but for the purposes of this...
5 Pages(1250 words)Assignment

Devils Advocate

...1. You are on the team which was assigned to make the decision about whether or not to stop current production and fill the rush job order which has come in. The team is currently leaning toward stopping current production and fulfilling the custom job. Your role on the team is to be the “Devil’s Advocate.” What statement(s) would you present to the team as the Devil’s Advocate? -- I would be the Devils Advocate in the group by pointing out the following: 1. Our company would incur a loss in profit if we suddenly change production schedules due to the amount of time required in switching the equipment from large scale to mid-scale production. 2. The company is about two-thirds of the way through the...
1 Pages(250 words)Assignment

Business Decision Making departure station. Question 4: How many times a month do you make this journey by train? Comment on the descriptive statistics for the number of times a month passengers make their journeys. How accurate are these results? Descriptive Statistics Variable n Minimum Maximum Mean SE(Mean) SD times journey made each month 250 1 24 12.06 .52 8.22 The mean number of times a month passengers make their journeys is 12 times with minimum 1 travel and maximum 24 travels and the standard deviation is 8.22. Previous research indicates that the average number of times that passengers make journeys on this train service is 14 times a month. Do your results match this result? Null...
8 Pages(2000 words)Assignment

Decision making

...MGMT530 – Labadee Decision Week 5 Case Analysis Template The objectives for the assignment were to define the uncertainties using a risk profile and make the recommendation for a decision for the Labadee Case. Students will have a wide variety of responses based on the limited information provided in the case. Uncertainty 1: Will cruise passengers be interested in relaxing on a beach when hundreds of thousands are homeless and hungry just 80 miles away? Could this impact new reservations or cause people to cancel? Uncertainty 2: Because the community near the beach depends financially on the cruise line for income, would suspending the stop in Haiti make the country...
2 Pages(500 words)Assignment

Decision Making Tools

...1141264 - DECISION MAKING TOOLS Introduction Quote (year) noted that decision making is best utilized when it is viewed as a process rather than an event. What this means is that decision making must be seen as part of the daily activities that any business executive or person engages in, instead a periodic or one-off task that comes and goes and is never remembered again. In the light of this, it is always important to have a set of tools that can easily be fallen upon as decisions are made on a regular basis. Quote (year) mentioned that the advantage with working with decision making...
3 Pages(750 words)Assignment

Decision Making

...Q Ans. The 5’s model provides a framework for assigning tasks and monitoring performance with a view to optimizing the productivity of workers and ensuring achievement of organizational goals. Q. 2: Ans. The 5’s model works by drawing management’s attention towards five areas, namely clarifying roles, reinforcement, regulation, rewards, and resources. The 5’s model directs management to clarify roles to all workers so that there are no overlapping areas in terms of responsibility. It directs management to reinforce the workers so that they are able to achieve the assigned goals. No system can work without regulation, so it is understandably one of the core elements of the 5’s model. 5’s model guides the management to reward... Ans. The 5’s...
1 Pages(250 words)Assignment

Decision Making

... Decision-making Video Make the Right Choice: Three Steps to Effective Decision Making (https The narrator suggests three steps to effective decision making; which are listed below: Understanding causality- this entails problem identification, which sets the foundation for an individual as they attempt to identify the solutions by sorting through the various options ahead of them. Improving forecast- the narrator suggests the use of the “inside v. outsider view”, which allows an individual to weigh all the options, both favorable and unfavorable options. He stresses on the importance of an outside perspective, which offers a more objective outlook compared to the inside view. Sorting relevance... - the...
2 Pages(500 words)Assignment


...Decision Making Proposal Background Decision making problem can be defined as the science of identifying and choosing the alternatives based on the preference of the decision maker. The decision making problem that is encountered by Apple in introducing new products or services is, whether the consumer will prefer to purchase the particular product and whether the new product will meet the needs and requirements of the consumers. The price of various products of Apple Inc is very high; therefore it creates a problem for the concerned company in launching its new and innovative products in the market (Apple Inc, 2014). 2....
7 Pages(1750 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 Decision Making Assignment for FREE!

Contact Us