Mgt/230 Week 1 Decision Making Paper

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Week 1 Decision-Making Paper Christina Bartlett MGT/230 March 24th, 2014 Matthew Jordan Decision Making Process According to Bateman and Snell (2011) people should make decisions every day, some of decisions are easy to make, whereas others are quite difficult to carry out. An appropriately combined and organized decision-making process will aid and control these issues. Bringing a positive outcome for those involved. The decision-making process may become challenging for most people because of the lack of structure and entailed risk, uncertainty, or conflict. Often challenges arise offering a structured model for making decisions can help avoid these challenges. Bateman identified six stages of the decision-making process that may be attached to any problem or decision. Stages of the Decision-Making Process: * Identifying and Diagnosing the Problem * The first stage in the decision-making process is to recognize that a problem exists and must be solved. The decision maker must dig in deeper and attempt to diagnose the situation. * Generating Alternative Solutions * The second stage of decision-making links problem diagnosis to the development of alternative courses of action aimed at solving the problem. These solutions range from ready-made to custom made. * Evaluating Alternatives * The third stage of decision-making involves determining the value or adequacy of the alternatives generated or alternative courses of action which can be implemented depending on how the future unfolds called a contingency plan * Making the Choice * The fourth stage of decision-making, once you have considered the possible consequences of your options, is making your decision. As you make your decision, important concepts include maximizing, satisficing, and optimizing. * Implementing the Decision * The fifth stage of decision-making

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