Rational Decision Making Process
The Process Rational decision making is a process that involves multiple steps from problem identification through solution and is used for making logically sound decisions. Rational decision making in general favors objective data and is a formal process of analysis being used over subjective and intuition situations. Rational decision making assumes that the person that is making the decision has full or perfect information about the various alternatives he or she may have. Rational decision making also assumes that the individuals have time, cognitive ability and all available and valuable resources that they may need while evaluating the choices again other decision that may arise. People in general make choices that may maximize their benefits and minimize the cost. This is based on a case by case decision making scenario.
The process of rational decision making is a component of logic thinking. In context the word rational does not necessarily mean sane or clear headed as in a colloquial sense. According to Ivancevich Konopaske & Matteson (2013), “Decision may be classified as programmed or nonprogammed, depending on the type of problem. Decisions are programed to the extent that they are repetitive and routine and a …show more content…
The rational decision making approach can also play a role in reducing the risk of failures due to the evaluation and selection process that are based on the exact same sane and logic information and knowledge. One major advantage of the rational decision making process is that it help the decision maker to deal with difficult problems in complex situations. The rational decision making process is a well-defined approach that defines the problem, identify the decision criteria, and list the various
The Process Rational decision making is a process that involves multiple steps from problem identification through solution and is used for making logically sound decisions. Rational decision making in general favors objective data and is a formal process of analysis being used over subjective and intuition situations. Rational decision making assumes that the person that is making the decision has full or perfect information about the various alternatives he or she may have. Rational decision making also assumes that the individuals have time, cognitive ability and all available and valuable resources that they may need while evaluating the choices again other decision that may arise. People in general make choices that may maximize their benefits and minimize the cost. This is based on a case by case decision making scenario.
The process of rational decision making is a component of logic thinking. In context the word rational does not necessarily mean sane or clear headed as in a colloquial sense. According to Ivancevich Konopaske & Matteson (2013), “Decision may be classified as programmed or nonprogammed, depending on the type of problem. Decisions are programed to the extent that they are repetitive and routine and a …show more content…
The rational decision making approach can also play a role in reducing the risk of failures due to the evaluation and selection process that are based on the exact same sane and logic information and knowledge. One major advantage of the rational decision making process is that it help the decision maker to deal with difficult problems in complex situations. The rational decision making process is a well-defined approach that defines the problem, identify the decision criteria, and list the various