Decision Making

Topics: Decision making, Decision theory, Need Pages: 2 (787 words) Published: July 24, 2005
There is always a point in time where everyone has to a make an important decision in there life. Whether it's buying a home, taking your company in a new direction, or choosing a college, making an important decision can be very difficult. When it comes to making these important decisions, in order to come up with the best or most logical decision one must follow a decision making model in some way. Not everyone thinks the same, so therefore there is no such think as just one universal decision making model. Everyone has there own views and follows a different guideline when it comes to making a decision.

According to the University of Waterloo's philosophy department, a decision making model consists of 6 steps: Define the problem, define the criteria, weigh the criteria, generate alternatives, rate each alternative on each criterion, and compute the optimal decision. When faced with a decision you must define problem that is forcing you to make or is causing you to make the decision as in step one. In step two you must define the criteria, for example what goals or objectives to you want to accomplish in your process of making your decision. If you're making a decision about going to college what goals and accomplishment to you want to achieve while you're in college. In step three, you must identify what criteria are going to affect your goals, for example: the location of the college you chose is it far or is it close. In step four generate alternatives, for example compile a list of schools to choose from. Step five; rate each alternative, for example if your going to college, which one of the college that you chose will give you thee best education in the field that you want to get involved in. and in the final step, step six make your decision, if you want a school that is not to far from home, and it give you the best of what your looking for, then choose that school.

No one can say that they have not use a decision making model,...

Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Essay about The Decision Making Process
  • Market & Decision Making Process for Home Power Station
  • Decision Making.pdf Essay
  • Decision Making Essay
  • Essay about Decision Making
  • Decision Making Model Research Paper
  • Democratic Decision Making Essay
  • Decision Making in Health Care Essay

Become a StudyMode Member

Sign Up - It's Free
Orphan Black (22) | 1x02 Bermuda Triangle Colorful Pastrale | Watch now