PHILOSPHIES

Philosophies

Philosophies

Rational Decision Making Model

A rational conclusion making form supplies an organized and sequenced approach to conclusion making. Using such an approach can help to double-check discipline and consistency is constructed into your conclusion making process. As the phrase reasonable proposes, this approach brings logic and alignment to conclusion making. Our reasonable decision making model comprises of a series of steps, beginning with problem/opportunity identification, and finish with actions to be taken on conclusions made. We only get about 50% of our conclusions in the workplace right! Half the time they are incorrect, so there is apparently plenty of scope to advance on our decision making processes.

Based on research into over 300 decisions, made in a range of organizations, some tactics with a good track record are commonly known, but uncommonly practiced. Why? Well one reason that emerged from his research is that too often, managers make bad tactical selections because they believe that following recommended decision-making practices would take too much time and demand excessive cash outlays. Vocalize good conclusion making practices actually charges very little. Models such as our reasonable conclusion making form are essential devices to help you improve the way you make decisions.

This article is part of our series on decision making. Our first article, kinds of conclusion making summaries a range of conclusion making approaches. Rational decision making types part of what we have termed kinds of decision, categorized by process. In this category we have put two contrasting approaches that of rational decision makes and that of judgment or intuitive decision making. Rational decision making methods consist of a sequence of steps conceived to rationally evolve a yearned solution. Typically these steps involve:



Strengths and flaws of the reasonable conclusion making Model

The main strength of a reasonable conclusion making form is that it presents structure and discipline to the conclusion making process. It assists ensure we consider the full range of factors pertaining to a decision, in an ordered and comprehensive manner.

However, we should always recall that while the form indicates what desires to be done, it's often how things are finished that distinguishes effective conclusion making.

Sufficient contribution of stakeholders in the decision making process;

Sufficient time expended generating a variety of likely solutions.

Too often those who should have been engaged weren't, and answers were suggested and acted on upon too rapidly, often with catastrophic effects.

A second flaw arises if we try to use the model in isolation. This is especially significant where complex or significant conclusions are engaged. The standard assumption of the reasonable conclusion making method is that human beings make rational decisions. However, there are many components which determine our conclusions, many of which are not rational. In many situations decisions have to be made with incomplete and insufficient information. Judgment, intuition, experience and knowledge all come together when making decisions. This critical facet is further discovered in our item: Intuition and conclusion making. Regardless of any perceived flaws these forms are absolutely vital ...