Order from us for quality, customized work in due time of your choice.
The rational decision-making model
The rational decision-making model provides a systematic approach to making decisions using logic and cognitive functions such as creativity and imagination (Morcol, 2006). The word rational means that the process applies logic and aims to get the most feasible solution to a problem. The method can be used by individuals and organizations to ensure that discipline and consistency are vital parts of their decision-making processes.
The rational decision-making model comprises several steps that follow each other in a coherent style. For instance, the first step involves the identification of a problem that needs to be addressed, while the last step involves the enumeration of actions that need to be taken in order to implement the decision made (Morcol, 2006). The process commences with the identification of a problem or an opportunity that needs to be addressed.
This is followed by information gathering regarding the issue. In the second step, it is imperative to identify the criteria for the process and the desired outcome in order to complete the remaining steps successfully. The third step involves the analysis of the situation using the information gathered. The fourth step involves the development of possible solutions, options, or alternatives (Ahlstrom & Bruton, 2009). This is a critical step and consumes a lot of time.
The fifth step involves the evaluation of these options and their effectiveness in satisfying the specific criteria chosen form the process. The strengths and weaknesses of each solution are considered against the background of the problem or opportunity being addressed.
Finally, the best option is chosen after conducting a thorough analysis of possible solutions and their future implications (Ahlstrom & Bruton, 2009). A comparison of solutions is conducted using several methods that include the decision grid, decision matrix, and the selection matrix. This method can be used to determine the most effective way of reducing employee turnover.
Pros and cons of the rational decision-making process
The rational decision-making process has several pros. First, it provides a structured approach that is easy to use (Morcol, 2006). Therefore, anybody can use it successfully to address any issue. Second, it ensures that a full range of factors is considered, thus reducing errors that lead to poor decisions. A thorough evaluation of information and other critical factors results in good decisions (Morcol, 2006).
Third, it creates discipline and ensures that logic reigns in finding solutions to various issues (Ahlstrom & Bruton, 2009). Fourth, it can be applied in both individual and group settings. The model has cons too. It functions under the assumption that a perfect solution to any problem exists. It seeks to find the best outcome or solution (Ahlstrom & Bruton, 2009). This search for perfection is a hindrance to speedy decision-making and could affect the effectiveness of the process by causing delays.
Moreover, the model presupposes that it is possible to consider all possible solutions and accurately determine their future implications (Ahlstrom & Bruton, 2009). However, the future is unpredictable, and this model could endorse solutions that fail to solve a specific problem effectively. The model requires an evaluation of a lot of information.
Therefore, it is time-consuming and tiresome. Finally, it is limited by the cognitive capabilities of the individuals involved in the process (Morcol, 2006). For instance, decisions are based on factors such as creativity and imagination.
Evaluation of my decision making
After taking a quiz to evaluate my decision making, my total score was 56. The sub-scores were different in various areas of the process. The sub-scores were as follows: establishing a positive decision-making environment (11 out of 20), generating potential solutions (13 out of 15), evaluating alternatives (8 out of 15), deciding (9 out of 15), checking the decision (6 out of 10), and communicating an implementing (12 out of 15).
The score means that my decision-making process is satisfactory. I am knowledgeable with regard to the basics of decision making. However, I need to improve and become more practical by focusing on generating more solutions and assessing the risk associated with each alternative. There are several practical steps I can take to improve my decision making.
They include developing a habit of making decisions, learning different techniques of brainstorming and generating solutions, learning how to evaluate the risks, consequences, and feasibility of each solution, improving my creativity and imagination and developing ways of determining the rationale behind every decision made. I had low scores in certain parts of the decision-making process, namely evaluating alternatives, deciding, and checking the decision.
In order to improve my ability to evaluate alternatives, I need to gain more knowledge on how to evaluate the risk, consequences, and feasibility of a solution. This can be achieved by taking a short course on decision making. It is necessary to determine whether the solutions are pragmatic and feasible.
Before starting the decision-making process, I need to determine what the outcome is in order to improve the accuracy of the decision. This can be achieved by learning different ways of brainstorming and generating ideas. Finally, I need to learn how to check a decision to determine its effectiveness and validity. This can be accomplished by learning how to use different methods of comparing outcomes. Creativity and imagination can be improved by taking a creative writing course.
References
Ahlstrom, D., & Bruton, G. (2009). International Management: Strategy and Culture in the Emerging World. New York, NY: Cengage Learning.
Morcol, G. (2006). Handbook of Decision Making. New York, NY: CRC Press.
Order from us for quality, customized work in due time of your choice.