Essay on Decision Model of Choice

1. Identify the criteria and factors, identified in this week’s reading, that are relevant when making decisions as a manager or leader.

A- They should weight the criteria to optimize and determine the best of the best. For

Such criteria may include: profit; cost; return on investment (ROI); market share; capacity; risk; and / or, cash flow, to name a few. Qualitative criteria may include: competitive advantage; customer satisfaction; employee morale; corporate image; ease of implementation; synergy; ethics; safety; and / or goodwill, to name a few. There may be other criteria that the Learner / group have determined are essential to the decision making process. Ensure that the criteria chosen are clearly articulated and described.

9. Conduct a detailed review of the remaining vendors, this should include all the evaluation criteria developed as part of the evaluation framework in < Request for proposal>, as well as a more detailed review of the functional fit and any other factors that have come to light since.

2. Which of the six steps in the decision-making process do you think is the most important? Explain

Ghazisaeidi, Ahmadi, Sadoughi, and Safdari (2014) proposed taking into considerations the following components prior to selecting a system. Components to considers include: a thorough assessment of the organizations need, the organizations readiness for change, determining a timeframe for the implementation process, estimate of total costs, defining roles and responsibilities in the change process, researching different systems and vendors, identifying key elements that are needed in the system, and having a strategic plan and support system in place for the implementation process.

Putting the decision to work for the manager or the policymaker is step 5. Rundall states, “Actionability questions include whether

The decision making process can also be divided into seven steps, where the first step will basically involve defining the problem. These steps allow for the main issue to be identified, and therefore the manager should make sure that it has been done correctly. After the problem identification stage, we can move forward and identify the limiting factors, and in this the manager should make use of all resources available to do it the best way. Some of the resources include information, time, personnel, equipment and supplies. Using this, managers can be able to identify the factors that might hinder them from achieving their goals.

Having decided this, the next part of the process is, based on what the managers

First I broke down the criteria in this report and assigned weights. The weights determine which level of importance each criterion had. The higher weight figure was, the more important that aspect was. After the weights were determined,

The process by which decisions are made are done by using a step-by-step method. This tactic consists

Optimization Once the decision problem is fully described in a model, criteria for decision making stipulated and constraints identified, the decision-maker can select the best possible solution.

First step in decision making process is identifying the problems. As McShane and Von Glinow (2000) stated, a problem can be

Evaluate the Alternatives: This can be said to be the one of the most important stages of the decision making process. This is the stage where you have to analyze each alternative you have come up with. You have to find out the advantages and disadvantages of each option. This can be done as per the research you have done on that particular alternative. At this stage, you can also filter out the options that you think are impossible or do not serve your purpose. Rating each option with a numerical digit would also help in the filtration process. He learned from the customers feedback and observation that apart from providing new efficient flights also need to provide good comfortable leather

The decision is to select an action among a number of actions that solves a given problem, that prevents a problem from happening, or that forces to apply new ideas for development. The need for understanding decision making process is increasing because the complexity of modern organizations is increasing, and because the modern organizations' effectiveness depends on the decisions made by the managers. The question is how to select the most appropriate action to solve the problem satisfying all stakeholders.