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Decision Making Model Analysis Paper It is evidently assumed that corporate decisions are made according to the concept of rationality The concept of rationality is defined as seeking out the objectives of a management decision and then selecting the alternative action that will produce efficient results This approach involves optimizing the available resources and generating the optimal result This is why the rational decision-making model is often presented as the first choice of corporate decision-making According to Ryan K Lahti 1996 pg 1 we use four decision-making models in todays business world The four decision-making models are the rational political process and garbage can models Each of the four models has diverse advantages and barriers However the focal point of this paper will be on the analysis of the rational making model The rational making model is based on the current economic aspects of decision-making It also follows a scientific methodical approach to decision-making methods In chapter three in the book Management The New Competitive Landscape by Thomas S Bateman and Scott A Snell 2004 pg70-71 they explain that by following the six steps in the rational decision model it will help individuals make clear and precise decisions These are the following six steps 1 Identify and diagnose the problem 2 Generate alternative solutions 3 Evaluate alternatives 4 Make the choice 5 Implement the decision 6 Evaluate the decision Bateman TS Snell and SA 2004 This model follows a systematic method in which critical thinking decision makers use to solve problems The first step is to identify and diagnose the problem that needs to be resolved The first step is to recognize the problem exists and how it must be solved Bateman TS Snell and SA 2004 Although this may seem either insignificant or apparent quite frequently it is neither Many of us have had the experience wasting our precious time to solve a problem and then discovering that various members of the
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