StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Decision-Making Paper - Essay Example

Cite this document
Summary
It is perceived that decisions made by groups are usually better than those made by an individual. However, in some scenarios, collective decision…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER98.2% of users find it useful
Decision-Making Paper
Read Text Preview

Extract of sample "Decision-Making Paper"

Download file to see previous pages

317). Decisions made by groups are usually hamstrung by the need to reach a consensus. Consensus calls for parties to a discussion to have the same comprehension of the terms under discussion. The procedure for building a consensus involves discussion, fronting a proposal, testing for the consensus in terms of no and yes, modification of the proposal in question, and determination if the consensus is achieved or blocked (Herera, Martinez and Sanchez, 2005, p. 118). There are five processes of decision making.

These processes are: acknowledgement of the existence of a situation that needs decision making, identifying and establishing alternative solutions to the problem or opportunity, evaluation on the available options or alternatives, choice of an alternative, and implementing the selected option (Amadi-Echendu, 2012, 115). The main models of making decisions are the rational model, the intuitive model, the combination model, and satisfying model. The rational decision making model is an approach to decision making in a structured and sequential form.

It incorporates a series of steps such as the identification of problem or opportunity, gathering information, analysis of the situations to develop and evaluate options, selection of an alternative, and acting on the decision chosen. It is an ideal model since it provides a discipline channel of making decision. However, this model is quit time consuming as it involves investigation of the existing problems or opportunity before the course of action is made (Amadi-Echendu, 2012, p. 117). On the other hand, the intuitive decision making model is based on an individual making a decision based on instincts or inner knowing or intuitions.

This technique is ideal in situations that require prompt/ timely decision making. The combination technique encompasses the incorporation of both the rational and intuitive approaches to making a decision. As for satisfying method, it

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Decision-Making Paper Essay Example | Topics and Well Written Essays - 1250 words”, n.d.)
Decision-Making Paper Essay Example | Topics and Well Written Essays - 1250 words. Retrieved from https://studentshare.org/miscellaneous/1683488-decision-making-paper
(Decision-Making Paper Essay Example | Topics and Well Written Essays - 1250 Words)
Decision-Making Paper Essay Example | Topics and Well Written Essays - 1250 Words. https://studentshare.org/miscellaneous/1683488-decision-making-paper.
“Decision-Making Paper Essay Example | Topics and Well Written Essays - 1250 Words”, n.d. https://studentshare.org/miscellaneous/1683488-decision-making-paper.
  • Cited: 0 times

CHECK THESE SAMPLES OF Decision-Making Paper

Quality Tools in Decision Making

As a group, they can the generate ideas and opinions and record them maybe on a wall, larger sheet of paper, haphazardly.... This process enables people to arrange such plentiful information from various sources, to assist them in their decision-making.... QUALITY TOOLS IN DECISION MAKING Name: Institution Introduction Numerous quality tools are influential concerning how people make decisions in their lives, concerning their corporations and businesses, and even in their personal lives....
3 Pages (750 words) Research Paper

Decision Making

hellip; This paper will discuss the process of decision making citing relevant examples, in addition, it will discuss how the decisions made can directly affect legal and regulatory issues, cultural perceptions and financial resources.... Name: Institution: Course: Instructor: Date: Introduction decision-making is the cognitive process where an individual is presented with a dilemma, which requires him to select one alternative among the available options and implement it....
3 Pages (750 words) Research Paper

Decision making in Drugs

This paper all examine the biological and psychological factors that drug use plays in an individuals ability to make rational decision, in addition to examining the bad decision making skills represented in the lives of many drug addicts.... While the reasons are certainly varied, the reality is that drugs and addictions affect our decision-making ability....
8 Pages (2000 words) Research Paper

Decision Making Research Paper

Decision making involves analyzing various criteria based on which any decision corresponding to the problem can be taken.... (Bazerman 2009).... A company has bought a machine from Big Machines Inc last year.... This production equipment has been beneficial and it has been in use.... hellip; A sales person from that company came out with some new services available for that machine....
3 Pages (750 words) Research Paper

Business Decision Making

In decision-making, satisficing explains the tendency to select the first option that meets a given need or select the option that seems to address most needs rather than the "optimal" solution.... -- Psychologist Barry Schwartz describes decision makers of main two types Maximizers and Satisficers....
4 Pages (1000 words) Research Paper

Thinking and decision making paper

higher abstraction, lower abstraction and everyday thinking (Clouser cited in Basden, 2001).... Higher abstraction is a type of thinking in which an individual separates one aspect from various others and totally focuses upon that… Higher abstraction leads to obsession.... The individual tends to forget the context and places complete emphasis upon the task at hand....
2 Pages (500 words) Research Paper

Accounting in a Nutshell

On this regard, this paper focuses on the choice and implementation of an appropriate decision making model via an account of the company, BSE The paper "The Sunk Cost, Status Quo and Frame Traps" is a great example of a term paper on business.... On this regard, this paper focuses on the choice and implementation of an appropriate decision-making model via an account of the company, BSE Veterinary Services (Walker, 2009).... In the current constantly advancing business world, adoption of the best decision-making platform has always been a very crucial subject of concern....
3 Pages (750 words) Term Paper

Impact of Studies and Researches in Supporting Decision Making in Police Field

This paper has evaluated the historical background of decision making, theories of decision making, and the importance of effective decision making in the police field.... hellip; The author of the paper will begin with the statement that although most policing activities take place in private, away from the public's view and knowledge, they make special demands on police decision making in a manner that sets the context for broader relationships between the police and the public....
6 Pages (1500 words) Term Paper
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.
Contact Us