Question: 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
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?
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