Decision Making
Assignment Description:
For this assignment think of an important business decision you have made in the past in which the results of your decision turned out poorly.
Your manager is concerned and wants to make sure that you learned from this mistake and the likelihood of this happening in the future is minimal. Therefore she would like you to email her a reflective analysis about that decision. Be sure to address the following in your analysis:
1. Describe the decision and its relative importance to you as the decision maker. (1 paragraph)
2. Use three different theories associated with this unit's resources and readings to illustrate your decision making process. (3 paragraphs).
3. Compare and contrast your understanding of judgment and/or decision making using these three different theoretical approaches.(3 to 4 Paragraphs)
4. What does this imply about our understanding of how to make judgments and decisions? (1 to 2 Paragraphs).
5. How will knowledge of this analysis help you to make better decisions in the future? (1-2 paragraphs)
1. Describe the decision and its relative importance to you as the decision maker.
The decision was made when I was a Production Supervisor. Quality of product was getting much attention due to many customer complaints as a result many standards were put into practice. In an effort to reduce the customer complaints, all employees were expected to follow the new standards. Even t...
Write a composition based on the novel you have studied discussing the basis for and impact of individual choices. What idea does the author develop regarding choices?
The process of making a decision previously held two paths, rational and irrational, with rational having the mind at work to think about what were the choices and irrational with no really engagement. Anything beyond that process of thought was not taken until the topic of System 1 and System 2 along with effects of “Relativity” were expressed in Thinking Fast and Slow, by Kahnemna and Predictably Irrational by Ariely, respectfully. Along with the other readings, the process of our decision making were no longer solely based on two very simplified and underdeveloped ideas, but as series of network and systems of decisions the minds functions through.
Choose one of the following topics and write a well-organized essay with evidence supporting the statements you set forth. Your response should be two pages, double spaced with a 12 font in Times New Roman:
In order to address the above components, five decision making steps have to be put in place, these are; being attentive, being intelligent, being reasonable, being responsible, and being reflective. The first step, being attentive, involves evaluating the whole situation and coming up with the data and information about the problem at hand. In so doing the following questions are viewed; what facts to bear in mind, what direction to take so as to get the expected solution, and what is the main issue to work on. In the second step, being intelligent, the information is clearly studied to determine whether the collected data is revealing the correct details concerning the problem. Determine the stakeholde...
Moore, K. (2010). The Three-Part Harmony of Adult Learning, Critical Thinking, and Decision-Making. MPAEA Journal of Adult Education, 39(1), 1-10.
"In the day to day business of organizational life, decision making is seldom the logical, rational, systematic process suggested by the management textbooks. It does not unfold in identifiable stages where a problem is defined, alternative solutions are generated, the alternatives are weighed against a known criterion, and a choice is made (1998, p. 50)."
To make critically thought out and ethically sound decisions, you should evaluate, analyze, and then implement the solution.
3. Quantitative model ? This is needed to assess the impact of every alternative of the
The following is a decision-making model that I have used to arrive at a decision.
An employee does an unsatisfactory job on an assigned project. Explain the attribution process that this person's manager will use to form judgments about this employee's job performance.
(eds.) Heuristics and biases: The psychology of intuitive judgment. Cambridge University Press.Goldstein, E. Bruce, ed. Encyclopedia of Perception. Thousand Oaks, CA: SAGE Publications, Inc. “Binding Problem,” 2010.
4. Question d: Explain the variables you should take into account when assessing page 4
From this case study the analyses are made on the following questions asked. The Questions that are asked are following:
In this picture, David Easton tried to give an understanding how the decision is made. The process start from the input which input is coming from environment, and through demands and support, the input get into the political system. In the political system, the input is preparing to