In this module, we have learned about various decision$-$making processes that you could use as a manager $($e$.$g$.$ rational, boundedly rational, intuitive$).$ Now you have the opportunity to apply what you have learned. Think about a situation from your own experience when you have had to make a big decision and then answer the following questions.

Briefly describe an important decision that you have made in the past year. What kind of a decision$-$making process did you use $($e$.$g$.$ rational, boundedly rational, intuitive$)$ and why do you think your decision fits the type of process that you chose?

Why did you use the decision$-$making process that you chose? Was it the right choice?

What benefits and$/$or challenges would you have experienced if you had chosen to use a different decision$-$making process for that particular decision?