rational perspectives in decision making

Chapter 04: Rational Perspectives in Decision Making Order Decision-Making Steps Select the best alternative. Define the decision situation. Identify the alternatives. Implement the chosen alternative Evaluate the alternatives. Evaluate the results. After you reviewed the six steps with Jim, he asked for an example of how to identify alternatives as he decides on a college major. Which of the following is the correct example to give to Jim? Jim would assess each option in terms of feasibility, satisfactoriness, and consequences. Jim will want to consider how difficult it will be for him to pursue each potential major. If some majors have a lot of required desses that are known to be difficult, those majors might be less desirable than a major with a more general or easier course of study, Jim would articulate the specific issue to be decided: choosing a major so that his course schedule will include the necessary upper division dasses O Jim would decide to get advice from upper division students about the classes required for certain majors; this includes asing how difficult the dasses are and whether appears he would likely enjoy the classes im would make a list of majors be might want to study Chapter 04: Rational Perspectives in Decision Making Although Jim likes the structure provided by the rational decision-making process, you caution him that it has some shortcomings. Given the assumptions of the rational decision-making model, why is this process difficult to apply completely in many situations? Check all that apply. Managers cannot always assess all relevant information before making a decision. Managers always approach decision making logically. Managers may tack time to consider new and previously untested alternatives, Managers do not always make decisions based on the company's best interest You recently attended a retreat in which you learned about evidence based management (EBM), and you think this approach might be helpful to your organization. Your manager asks you to share your thoughts at the next staff meeting. What do you tell your colleagues about this concept? Check all that apply BM is a contemporary formulation of rational decision making EDM is a highly intuitive approach that is useful when managers need to make decisions quickly To use EBM, an organization needs to develop a culture of truth telling, in which people face unpleasant facts head on. Using EBM, managers base decisions on data, even if the information challenges long-held bellets