Decision making models Essay Example | Topics and Well Written Essays - 750 words

Decision making models - Essay Example The basic theme of techniques that commonly utilized to put together decisions in our organization is: assessing quantitatively whether to track a way of achievements. You may have been intensely creative in generating solutions to a problem and rigorous in your choice of the best one on hand. However, this clarification may still not be worth implementing, as you may invest a lot of time and money in solving a problem that is not worthy of this effort (Kenneth, 1998). Let’s take an example of situation in which you have a number of first-rate (number) options or choices to decide from, and a lot of diverse issues to take into account. In such situation cost benefit analysis did not work, so we have some better technique to tackle such situation. For this we will select â€Å"Grid Analysis† technique for our problem solution (Kenneth, 2003). Grid Analysis is particularly prevailing way that makes it a preferable and great technique to utilize in approximately several significant decisions where there isnt an obvious, clear and understandable preferred choice. Being capable to utilize â€Å"Grid Analysis† shows that you would be able to acquire decisions boldly, confidently and rationally, at an occasion when other people may be under pressure to formulate a decision (Kenneth, 1998). The decision making model for which I will favor is â€Å"The Rational Model†.  It is supported by the logic of most favorable option: the option that would increase and maximize worth and value for the organization. The executive/ manager is assumed to be a point of focus (objective), exclusively educated person who would choose the mainly the best and appropriate option, maximizing whatever quantity and kind of output s/he worth. A rational business decision making model has centralized power of decision making of the organization (Kenneth, 1998). It is better in most of situations, because decision power is in hand of few people, these