Decision-making is a daily occurrence and especially important in the business world. To be an effective decision maker, you must take into account the end-goals, available information, and options in making a decision. The town of Surette is facing a difficult decision as to what they should do with an abandoned building.
When making a decision there are generally three different models to base decision off of. Rational decision-making is a model that suggests choosing the option with that maximizes the preferred outcome. Boundary decision-making is a model where the complex situation is simplified and when looking at different options, the first acceptable solution is chosen. Then there is intuition, which can also be compared to judgment. …show more content…
Option one is turning the abandoned building into a private office space. These offices can be sold or rented and would guarantee a significant amount of revenue for the town. A part of the building could be reserved for organization that can provide social services for the town. Option two is turning the abandoned building into an office space. Corporate sponsors would fund this option. The community center would provide more events and services for the town making the people who live there happy and creating a higher quality of living. The community center could also host events that generate revenue for the …show more content…
If the people in the town do not take advantage of the services held at the center then their quality of life is not changing. Another risk is that if the people in the community do not participate in the fundraisers and events held to create revenue for the town, there will be no profits raised and it is possible that quality of living could even decrease.
By turning the building into private offices, organizations and businesses will buy and rent the space providing constant income for the town at much less of a risk. It also takes into account the town’s goal of creating a higher quality of life by reserving a section of the building that provides town services. This option has the best of both worlds in terms of community services and profit opportunities.
I made this decision based off of the information that was available to me. If I wanted to take the decision making process even further I could do more research into the needs and wants of the people who live in the town. The option I chose is efficient, productive, and creates high profits. I believe this decision was made mindfully without bias and will be
When making a decision there are generally three different models to base decision off of. Rational decision-making is a model that suggests choosing the option with that maximizes the preferred outcome. Boundary decision-making is a model where the complex situation is simplified and when looking at different options, the first acceptable solution is chosen. Then there is intuition, which can also be compared to judgment. …show more content…
Option one is turning the abandoned building into a private office space. These offices can be sold or rented and would guarantee a significant amount of revenue for the town. A part of the building could be reserved for organization that can provide social services for the town. Option two is turning the abandoned building into an office space. Corporate sponsors would fund this option. The community center would provide more events and services for the town making the people who live there happy and creating a higher quality of living. The community center could also host events that generate revenue for the …show more content…
If the people in the town do not take advantage of the services held at the center then their quality of life is not changing. Another risk is that if the people in the community do not participate in the fundraisers and events held to create revenue for the town, there will be no profits raised and it is possible that quality of living could even decrease.
By turning the building into private offices, organizations and businesses will buy and rent the space providing constant income for the town at much less of a risk. It also takes into account the town’s goal of creating a higher quality of life by reserving a section of the building that provides town services. This option has the best of both worlds in terms of community services and profit opportunities.
I made this decision based off of the information that was available to me. If I wanted to take the decision making process even further I could do more research into the needs and wants of the people who live in the town. The option I chose is efficient, productive, and creates high profits. I believe this decision was made mindfully without bias and will be