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

Rational Decision-Making Model - Essay Example According to the research findings, rational decision creation 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 best possible result. There are various rational models available all of which have various steps 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 orderly manner starting from problem initiation through a solution. The entire process starts with a formulation of goal, identification o f criteria for decision making and then working on the alternatives for making analysis and making the finalized decision. The other area of rational decision-making model requires management to make some vital assumptions about a particular 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 allow them in making an efficient decision. However, it can be asserted that rational decision making is completely designed using scientifically collected data 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 inf ormation 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 defined clearly before taking any decision and action. Once the problem is precisely defined and particular decisions are identified using weights.