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Decision Making Model Analysis

1079 words - 4 pages

"Decision making is the cognitive process leading to the selection of a course of action among alternatives. Every decision-making process produces a final choice called a decision. It can be an action or an opinion. It begins when we need to do something but we do not know what. Therefore, decision-making is a reasoning process which can be rational or irrational, and can be based on explicit assumptions or tacit assumptions." (Wikipedia pg 1). The previous few sentences give the definition of decision making according to the Wikepedia website. In making decisions, most people use models whether they realize it or not. The purpose of this paper is to analyze the rational decision-making model and give an example of how this model can be used.According to Ryan K. Lahti, we use four basic decision-making models in today's business world (1996 pg 1). These four models are the rational, political, process, and garbage can models. As can be expected, each of the four models has quite diverse advantages as well as disadvantages. Though each model can be used in a variety of situations, they do each apply more accurately and easily in certain given situations. I have chosen to analyze one of the most popular models in this paper, the decision-making model.The rational decision-making model is based on the current economical aspects of decision making. It is also based on a scientific, methodical approach to decision making. Thomas S. Bateman and Scott A. Snell, in Management: The New Competitive Landscape, explain that by following the six given steps in the rational decision-making model individuals are more easily able to make clear and precise decisions (2004 pg 70-71). The six steps that they spoke of are as follows.1. Identify and diagnose the problem.2. Generate alternative solutions.3. Evaluate alternatives.4. Make the choice.5. Implement the decision.6. Evaluate the decision.We will now begin to analyze this decision-making models step for step and show its use within an organization.The first step in the rational decision-making model is to identify and diagnose the problem. In doing this, a person or a group of people is basically trying to understand exactly what type of problem they may have. They are also looking at the most obvious way in which to resolve the problem. The second step is to generate alternative solutions to the problem. In doing this, a person is trying to come up with a set of alternative solutions aside from the original solution that was derived. Step three calls for an evaluation of the alternative solutions. In this step a person will examine all of the alternative solutions to see which solution best fits the situation. In step four a decision is made. The person or group will decide which of the compiled solutions explains the best course of action for the problem. In step five, the decision is implemented. This is when the decided course of action is put into effect to try and resolve the given problem. Finally,...

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