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Decision Making Models Essay example

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Rational Decision-Making Model

Most individuals are faced with situations that necessitate excellent decision-making abilities. Determining the suitable course of action to take when faced with a difficult dilemma can be a challenge. Due to the importance of the decision-making process, decision-making models can be used to establish a systematic means of developing effective decision making. One of the models has been called the "rational model" of decision making (Stoner & Freeman, 1989). The steps laid forth below are listed as the seven steps of the rational model.
The first step of the rational decision-making model is to define the problem, the need, or the opportunity. Although this may seem either petty or apparent, …show more content…

This can happen because the technology decision is dictated from a higher organizational level or because the new technology is perceived as the latest "thing" being used by "everyone." It is at this point in the process that technological gatekeepers become valuable. Information must be gathered from vendors and other users, at trade shows and from the trade and more academic publications. If you do not fully explore and become aware of your options, you cannot make an optimal decision.
After having clearly defined the problem, need, or opportunity and then gathering and exploring all of the relevant information and alternatives, you must then evaluate the information and the alternatives and anticipate the consequences of the various options open to you. It is very helpful at this point to establish objective criteria against which to compare the alternatives. This is also the point at which you need to establish the operational criteria against which you will measure the success or failure of the choice once implemented.
The fourth step is to select the best solution based on the evaluation and analyses conducted in step 3. Once the first three steps have been completed, this step should be relatively straight-forward. These four steps form the core of the rational decision-making method.
The last three steps are implement the chosen

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