Rational Decision-Making Model Essay Example | Topics and Well Written Essays - 1250 words

Rational Decision-Making Model - Essay ExampleAccording to the research findings, clear-sighted close origin model is a cognitive progression which requires that each step must be followed in a logical manner and in an organized manner. The cognitive process of rational decision-making model requires thinking and evaluating the alternatives for attaining the outstrip possible result. There are various rational models available all of which have various locomote involved and the steps which are inter-related also differ in different models. Some people are of the opinion that rational decision creation is comparable to trouble solving. It is evident that some resolutions are not dilemma oriented and does require telling the common delineation of a rational representation. Rational decision making is considered a multi-step procedure which requires logical and sound decisions to be made executed in an cleanly manner starting from problem initiation through a solution. The entire process starts with a verbal expression of goal, identification of criteria for decision making and then working on the alternatives for making analysis and making the finalized decision. The new(prenominal) area of rational decision-making model requires management to make some vital assumptions about a finical decision. Hence it requires that the person should have complete and precise information available about the selected preference which has been made. Moreover, the person should have cognitive ability and time for weighing every choice available to them which will quit them in making an efficient decision. However, it can be asserted that rational decision making is all designed using scientifically collected selective information which allows making informed decision making. Once the data is carefully selected and analyzed it helps in reducing the chances of errors and misrepresentation. The assumptions and conjecture combined with subjectivity are all considered as the leading causes for poor and inequitable judgments. The biggest advantage is that information and knowledge are all based on performance which must be consistent, reliable and of high quality. It helps greatly in reducing risks and uncertainties associated with the concerned resolution. The rational decision-making model instills a proper strategy for making decisions which must be disciplined, consistent and logical in manner. As it is a step by step methodology which requires that problem must be specify clearly before taking any decision and action. Once the problem is precisely defined and particular decisions are identified using weights.