rational decision-making model.
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August 26, 2012
No of pages / words:
3 / 609
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In resume this is a way of systematic approach to solve problems in way to avoid guesses or mere opinions about problems.
The rational decision making relies on following logic as defined by Simm(2002, p.191):
1) Problem description
Formulation correctly the problem, otherwise all the decision making won’t fit on the problem, therefore a detailed problem statement
2) Analyze the problem
At this point starts the decision making, consolidating the available information correlating that with the problem description, thereafter the possible solutions must be identified...
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The evaluation must take in care all the pros and cons for each alternative.
6) Implementation and follow up the selected alternative
More than just implementation of the selected alternative, a follow up approach must be take in place to assure the desired expectation.
On the follow up phase, the decision is close in case of successful, otherwise the process must re-initialize
Regarding my experience under competitive environments, usually running out of time and with limited resources, I recognize several difficulties to practicing in full this rational decision-making model...
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