Decision Making Models Rational – Consider all information – Objective assessment Bounded...
-
Upload
scott-chase -
Category
Documents
-
view
215 -
download
0
Transcript of Decision Making Models Rational – Consider all information – Objective assessment Bounded...
![Page 1: Decision Making Models Rational – Consider all information – Objective assessment Bounded rationality model – Inadequate information – Limited search,](https://reader036.fdocuments.net/reader036/viewer/2022081908/56649dbf5503460f94ab3638/html5/thumbnails/1.jpg)
Decision Making ModelsDecision Making Models
Rational– Consider all information– Objective assessment
Bounded rationality model– Inadequate information– Limited search, satisficing
Political– Pursue self-interests
![Page 2: Decision Making Models Rational – Consider all information – Objective assessment Bounded rationality model – Inadequate information – Limited search,](https://reader036.fdocuments.net/reader036/viewer/2022081908/56649dbf5503460f94ab3638/html5/thumbnails/2.jpg)
Steps in the Decision-Making Steps in the Decision-Making Process: The Classical ViewProcess: The Classical ViewOpportunity or Problem Situation
Opportunity or Problem Recognition
Opportunity or Problem Definition
Generate Alternatives
Gather Information
Evaluate, then Select One Alternative
Implement Selected Alternative
Evaluate Effectiveness
![Page 3: Decision Making Models Rational – Consider all information – Objective assessment Bounded rationality model – Inadequate information – Limited search,](https://reader036.fdocuments.net/reader036/viewer/2022081908/56649dbf5503460f94ab3638/html5/thumbnails/3.jpg)
Steps in the Decision-Making Steps in the Decision-Making Process: The Administrative ViewProcess: The Administrative View
Opportunity or Problem Situation
Opportunity or Problem Recognition
Criteria for Satisficing Alternative
Evaluate Alternatives as Available
Select First Acceptable Alternative
Implement Selected Alternative
Evaluate Effectiveness
![Page 4: Decision Making Models Rational – Consider all information – Objective assessment Bounded rationality model – Inadequate information – Limited search,](https://reader036.fdocuments.net/reader036/viewer/2022081908/56649dbf5503460f94ab3638/html5/thumbnails/4.jpg)
Copyright © 2000 by Harcourt, Inc. All rights reserved.
Obstacles to Effective Obstacles to Effective Decision-MakingDecision-Making
Four most common obstacles:– Judgmental biases– Escalation of commitment– Groupthink– Willingness of groups to take risks
![Page 5: Decision Making Models Rational – Consider all information – Objective assessment Bounded rationality model – Inadequate information – Limited search,](https://reader036.fdocuments.net/reader036/viewer/2022081908/56649dbf5503460f94ab3638/html5/thumbnails/5.jpg)