Describe the steps in rational decision making

Describe the steps in rational decision making

However, one and all decisions, not every person goes about the process similarly. In this circumstance, not everybody even uses a “process” to decide. There are several decision-making ways, and we will focus on the rational decision-making model.

Decision-Making Process

We will also develop familiarity with a common procedure that various groups and individuals follow when deciding.

However, almost everybody will come to an agreement that decision-making should be rational, there are also some important contrasting ideas that frequently balance out the “rational” aspects of the process.

The Rational Decision-Making Process

The rational decision-making procedure involves careful, methodical steps. The extra carefully and strictly followed these steps after that, the more rational decision-making process will be done.

So, let look at each step in detail.

Steps Rational Decision-Making Process

Step 1: Identify the Problem

However, this starting point might look rather noticeable. A failure to recognize the problem clearly can ruin the entire process. It can from time to time need thoughtful belief to find the essential issue that must be addressed. 

For example, you got a new job and you may initially decide you want to find a new car for shuttling back and forth from work. But the essential problem is that you want a reliable way to travel to and from work.

Step 2: Establish Decision Criteria

In this stage, the decision-maker desires to regulate what is relevant in deciding. This step will bring the decision-makers, and any other stakeholder’s, interests, values, and preferences into the process.

Step 3: Weigh Decision Criteria

As the criteria recognized will rarely be equally important, you will need to weigh the criteria to create accurate importance in the decision.

Step 4: Generate Alternatives

When you have recognized the issue and collected the relevant information, now it is time to list viable options for how to choose what to do. Some of those alternatives will be common and honestly obvious options, but it is often helpful to be creative and name rare solutions as well.

Step 5: Evaluate Alternatives

Next, by making a somewhat full list of likely alternatives, we can evaluate each alternative. Which choice is most necessary, and why? Are all the options similarly possible, or are some unrealistic? Now is the time to identify both the qualities and the challenges involved in each of the likely solutions.

Step 6: Select the Best Alternative

Next a careful assessment of alternatives, you must select a solution. You should clearly state your decision to avoid confusion or doubt. 

The solution might be one of the specific possibilities that were primarily listed, an adaptation of one of those options, or a combination of changing aspects from several recommendations. It is also possible that a completely alternative solution will rise during the evaluation procedure.

That is all from my side, If you like this post please share with your friends on Whatsapp, Telegram, Facebook, Twitter or forward it as it is. 

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Happy Reading! Keep Learning!

Nadeem Khan
M. Com, MBA
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