Decision-Making Models Experience
To succeed in business management one must realize if they are groomed to be in management. By being able to make clear cut decisions and incorporate their experiences with their decision thought process will ensure a winning combination in the business manager role. Let's take a closer look at decision making models and how they relate to the real world scenarios.
Decision-Making is defined by the website freedictionary.com as the cognitive process of reaching a decision; "a good executive must be good at decision making". Experience is defined by the website dictionary.com as the process or fact of personally observing, encountering, or undergoing something: business experience. By combining these two words composes the idea of decision-making experiences. In today's business market being able to excel in the workplace will require decision making models to succeed.
Decision-making models are characterized as the four step method which is the rational model which consists of:
* identifying the problem
* generating alternative solutions
* selecting a solution
* implementing and evaluating the solution
Another type of decision-making model is Simon's Normative Model which is based on premise that decision making is not rational and decision making is characterized by:
* limited information processing
* use of rules of thumb or shortcuts
* satisficing
I personally have not had any experience in my career to incorporate the decision-making process.
Example of Markov Decision Process (MDP) transitio...
Decision Making Chart
English: Flowchart of Rational Planning and Decisi...However, I am willing to learn the objectives, ideas and the process to incorporate this into a position that I desire to find. With my knowledge and understanding of the process will allow me to grow not only within the business sector but as a person in whole.
In the management sector of all business there will be a time where one is faced with the decision making process. These decisions must...