Decision Making: a) Describe the rational decision making model. b) Describe the

Question

Decision Making:

a) Describe the rational decision making model. b) Describe the difference between programmed and non-programmed decisions by explaining what they are, who typically makes the decision, and the implications for decision makers for these two types of decisions. c) Describe one type of non-programmed decision you have been involved with. This can be work related or personal. What do you believe was the most difficult aspect of the decision? Identify a behavioral aspect of making this decision.

Explanation / Answer

a) Rational decision making: It is the process in which decision amongst alternatives is made by following logical steps and flow in order to derive at the best decision. It thus ensures objectivity, logic and analysis in decision making. The usual flow followed is:

The advantages are:

The disadvantages are:

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