Decision Making In An Abandoned Building

758 Words 4 Pages
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. Intuition is making a decision based off of past experiences. Most tend to make decisions using a combination of these different strategies. It is also important to note that the personality of the decision maker greatly influences which solution they choose. For example achievement oriented people want to be successful and do whatever it takes to make sure failure is not an option. On the other hand, dutiful people want to choose the option that is best for the organization even if it does not guarantee their success.

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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

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