Essay on Decision Making. Words13 Pages. Decision making can be described as a process of making a decision or decisions, based on choices made amongst two or more competing course of actions. The ‘Decision making’ also requires making a define choice between two or more alternatives course of actions that are available May 07, · Decisions making is necessary to solve the predicaments resulting from such conflicts. Furthermore, power denotes leadership, which requires excellent qualities including superior decision-making ability. Managers must be able to identify threats and solutions to problems when options, facts, and goals are unclear Jul 31, · Decision making is the process of choosing what to do by considering the possible consequences of different choices (Brockman & Russell, ; Walker, a). Order custom essay Reflection Essay on Decision Making with
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In management, it is very critical to make rational decisions that help to minimize challenges associated with investments. Human judgment is an important aspect in the decision making process because it helps to determine the relevance of the decision made, as well to interpret the findings. However, human judgment leads to misdirected strategic planning in cases where it is faulty. Therefore, to avoid faulty human judgment in the decision-making process, it is imperative for a firm to reflect on adopting a viable decision making model that would facilitate an increase in their sales volume.
This paper will focus on a discussion of rational decision-making model, and then delve into its application in the advertisement area of the hotel industry. Rational decisional making model takes an approach of highlighting the best decision among a number of alternatives. A case in point for this model is the six-step decision-making process, which involves following six steps before coming up a viable decision. The first step involves defining what the decision maker wants to achieve Williams This necessitates recognising the need for change or decision-making.
In this respect, the decision makers should endeavor to answer the following questions: what do we want to accomplish with the decision that we are about to make? Will this decision directly affect the workers or the clients? Essay on decision making will the workers or clients react to this decision? What will be the pros and cons of making this decision? Will this decision lead us a step essay on decision making to achieving our dreams? How will we know that the decision made is successful? After all these questions are addressed, the decision makers can use their personal preferences, values, and interests to determine what is relevant.
A decision criterion that would facilitate achievement of goals should be identified shortly after the decision makers define the problem Eisenführ et al, essay on decision making. This entails carrying out a research using various alternatives in a bid to analyse how to achieve the proposed decision. The decision makers have a role of reviewing and weighing the previously identified alternatives in order to award them with the correct priority. This is normally followed by developing a number of viable alternatives for problem solving strategies. However, the alternatives are only listed, but not appraised.
The next stage involves rating the alternatives against the criterion. The already set criterion facilitates a thorough evaluation of the strengths as well as the weaknesses of every selected alternative. Finally, the decision-makers compute the optimal decision based on its strengths and weaknesses. The strengths of this model stems from the following factors:. As such, the model ensures maximum discipline and participation from both the internal and external shareholders. On the other hand, the weaknesses of this model stems from the following factors:.
The fact that there are many individuals required to contribute to the proper working of this model makes it vulnerable to any individual biases. Hotels use advertisements as a marketing tool to draw potential customers to their products and services. While defining the desired goal of the hotel, decision makers can use the rational decision model to come up with a decision of increasing returns on investment, essay on decision making. This involves persuading guests to buy more goods and services. However, one problem comes into play while defining the desired outcome: how can the hotel persuade its guests to buy more goods and services?
Using the rational decision-making, the essay on decision making strategy entails essay on decision making out a research using various alternatives in a bid to analyse diverse ways of creating attention to potential clients. It is imperative to note that advertisers cannot persuade clients to buy goods and services if they do not understand their selling points. This is imperative since it helps the decision makers to rely on empirical evidence of environmental factors affecting the buying trend of goods and services in the hospitality industry instead of relying on their emotions Daft For this reason, the hotel should note that guests behave in an irrational manner when it comes to buying goods and services in the hotel industry.
In the scenario, the decision making process portrays that the decision makers have researched from empirical evidence in a number of research tools in order to supply alternatives on how to market the goods and services in the hotel setting. These include the local and weekly newspaper, local Sunday magazine and newspaper, the age magazine, trade press, local radio, delicious magazine, SA life magazine, the age magazine, Robb report, Simon Thomson review, local visitors guide, PR agency, billboards, and direct mails, among others. The advertisement scenario portrays that the decision makers are able to come up with a number of options from which they can use to make a comparison essay on decision making a bid to identify the most favorable option that would facilitate choosing the most appropriate alternative.
Thus, for each product category, the scenario portrays at least two types of products. Essay on decision making is confirmed by the fact that there are two alcoholic drinks. There are also two types of non-alcoholic drinks, which include coffee and Coca-Cola. There are options for recreation facilities and two types of tobacco: one from America and the other one from United Kingdom. The scenario provides us with a decision making process that seeks to inform the clients on the unique products in the essay on decision making. A chair with three stands is a case in point. Advertising using unique products helps the guests to recognise that the hotel provides products with better options.
Additionally, this scenario helps us to essay on decision making the pros and cons of rational decision-making model. This is confirmed by the fact that the decision makers have used the mailbox to call the attention of potential clients, essay on decision making have thus received a number of letters suggesting various action plans. The disadvantage of this strategy is that there is an information overload emanating from the mail, and this proves to be impractical in the decision making process, as confirmed by the mail latrine. The evaluation of the decision made is based on the mission and the vision of the hotel.
It is evident that the hotel has intensified on a mission of paying close attention to behavior that is most likely to generate increased revenue, and at the same time, making sure that it provides the guests with a tremendous restaurant essay on decision making. The vision, on the other hand, essay on decision making, is ascertained by the fact that the firm endeavors to achieve its long-term benefits through a good decision-making process that aims at selling innovative services and products, which enhance brand awareness and loyalty. But all these are based on reflecting on who and what they are, as well as realising the selling points of goods and services offered by the hotel, essay on decision making.
From the analysis presented in this paper, it is clear that the rational decision making model enhances selection of the best decision amongst the alternatives. Therefore, essay on decision making, proper understanding of this model is essential in ensuring that the decision makers reap benefits from it. This involves essay on decision making how to identify a problem or to establish a need for change, setting the accurate vision, establishing the authenticity of alternatives, selecting the most suitable alternative, and, finally, executing an accomplishment plan. More so, this paper demonstrates the ability to use the rational decision making model in advertising. And even though the rational decision-making model is faced with a number of challenges such as information overload and time constraints, its implementation can prove to be of paramount importance in a number of companies.
Daft, R. Organization theory and design. Cincinnati, Ohio,South-Western College. Eisenführ, F. Rational decision making. Berlin, Springer. Falkowski, A. Emotional network in control of cognitive processes in advertisement. Advances in Consumer Research, 36, Kusluvan, essay on decision making, S. Managing employee attitudes and behaviors in the tourism and hospitality industry. New York, Nova Science Publishers. Phillips, J. Organizational behavior: Tools for success. Mason, Ohio, essay on decision making, South-Western Cengage Learning, essay on decision making. Shavitt, S. Consumer Behavior. Blackwell Handbook of Social Psychology Need a custom Essay sample written from scratch by professional specifically for you?
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Essay on Decision Making
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Discuss the role of emotional intelligence in decision making. Emotional Intelligence or in other words Intelligence with emotions have a deeper meaning than only being words. Emotion states the internal feeling for someone while intelligence states the ability to solve the problems. Here in this essay the role of emotional intelligence in decision taking is being discussed to know the Decision making and problem solving are ongoing processes of evaluating situations or problems, considering alternatives, making choices, and following them up with the necessary actions. Sometimes the decision-making process is extremely short, and mental reflection is essentially instantaneous Essay on Decision Making. Words13 Pages. Decision making can be described as a process of making a decision or decisions, based on choices made amongst two or more competing course of actions. The ‘Decision making’ also requires making a define choice between two or more alternatives course of actions that are available
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