Describe the steps involved in the rational decision-making process

What will be an ideal response?

Answer: The rational decision-making process is a series of rational steps used when making a decision. The first step is to recognize and define the decision situation. Next, the decision maker identifies alternative solutions to the defined problem. The decision maker will then evaluate alternatives. The decision maker then implements the chosen alternative. Following up and evaluating the results is the final step. If all decision situations were approached in this logical way, more decisions would prove successful. Yet decisions are often made with little consideration for logic and rationality.

Business

You might also like to view...

The proportion of merchandise exports coming from Asia increased by over 90 percent between 1980 and 2010, with China accounting for nearly two-thirds of that increase.

a. true b. false

Business

_____ were a focus of much of the early research on performance appraisal.

A) Rating formats B) Reaction criteria C) Distribution errors D) Critical incidents

Business