Rational Decision Making Case Study:
Rational decision making is a gradual process which is based on the logical evaluation of the problem and the creation of the steps required to reach the desired goal. Rational decision making is important in every sphere of human life, because without the appropriate planning of the activity it is impossible to reach success. The process of rational decision making starts from the setting of the goals. Speaking about business, the businessman wants to improve his company effectively and creates a detailed and logical plan of the actions which should be applied in this process.
Of course, before the presentation of the final plan one should collect information and learn about the alternative ways of the improvement, so to pay attention to numerous decisions and their possible results. One should define the pluses and minuses of every alternative in order to avoid possible misunderstandings and unpredicted situations. Continue reading