Verified Document

Decision Making Mind Map Concept Decision Making Essay

Decision Making Mind Map Concept Decision Making

Decision making is a process of identifying and choosing the best option among all the available alternatives in a given situation. The purpose of making decision in a particular context is to select an option that can bring the most desirable outcomes for the decision maker or for the people or groups that have a stake in those outcomes (Hardman, 2009). A decision can be as easy as accepting or declining a simple proposal and as complex as planning a strategic investment in a business. Decision making is a cognitive process in which the decision maker has to actively respond to the external environment and evaluate all the alternative choices in order to make an effective decision (Bernstein, 2011).

There are six major concepts that are generally associated with all types of decision making phenomena or processes. These concepts are:

Preliminary Information

Available Alternatives

Decision Criteria

4. Decision Goals

5. Decision Effectiveness

6. Time Constraints

These concepts of decision making are now discussed below in detail:

1. Preliminary Information:

The first concept, which is also...

Before making a decision, an individual should have complete information on the background of the problem for which he has to find the solution or set a roadmap for future action. Excessive information is also not good for making an effective decision as it can take more time and resources to extract the relevant facts for the decision (Maldonato, 2010).
2. Available Alternatives:

Decision is made when there are more than one alternative available in a particular situation. Some alternatives are already known to the decision maker from the preliminary information while another set of alternatives is developed by him in the course of decision making. To make an effective decision, the decision maker should not solely rely on the already known alternatives; rather, he must re-think the whole situation to develop alternatives on his own. It will help him to ensure that he has not left any alternative un-judged (Bernstein, 2011).

3. Decision Criteria:

A decision maker has to analyze all the available alternatives in order to choose the best among them. The best alternative is the one which…

Sources used in this document:
References

Bernstein, D.A. (2011). Essentials of Psychology, 5th edition. Belmont, CA: Wadsworth Cengage Learning

Hardman, D. (2009). Judgment and Decision Making, 1st edition. Malden: Wiley-Blackwell

Maldonato, M. (2010). Decision Making: Towards an Evolutionary Psychology of Rationality, 1st edition. Brighton: Sussex Academic Press
Cite this Document:
Copy Bibliography Citation

Related Documents

Force Conduct a Mind Map for the
Words: 655 Length: 2 Document Type: Essay

FORCE Conduct a mind map for the concept of "Power" POWER HEGEMONY AUTHORITY PRESTIGE Force: I used this because a country that needs to take military action to protect its borders uses force, a way of showing their power to protect their homeland. The authority figures in any company have the power to make policy, change policy, to hire and fire and train people -- all of which results from their power within the company. An important part

Mind Mapping of Public Administration
Words: 3578 Length: 12 Document Type: Research Paper

Public Administration Mind Map PA concepts decision-making, communication, public relations, supervision, coordination, unity of command, authority, leadership, Theoretical Perspectives: modern theories: behavioral approach of individual and organizational goals; social-psychological theory X and Y of McGregor; comparative PA by Riggs; developmental administration by Weidner; new PA by Minnowbrook. Historical context PA as a discipline began at the end of the th century, with basis from different administrative perspectives from philosophy, economic, behavioral, political, and social of the

Map Constantly Changing Through the Children's Gate by Adam Gopnik...
Words: 2603 Length: 7 Document Type: Essay

sight, Through the Children's Gate by Adam Gopnik, seems a collection of blurred essays. As I read further the more these essays seemed to me to revolve around a certain theme. Existentialism. The fact that we are all unique, each having our own views on life, and ways of livingwe may find it hard to communicate with one another or to understand each other. We each have our own

Secrets Maps Constantly Changing Making These Maps Useless
Words: 2370 Length: 8 Document Type: Essay

Children's Gate: Of a Home in New York by Gopnik (2008) Of Maps The work of Gopnik (2008) entitled "Through the Children's Gate: Of A Home In New York" relates a story about a man that worked for the city and during his employment took a set of aerial photographs and underground schematics and "turned every block, every highway and every awning -- everyone in all five boroughs! -- into neatly

Integration of Technology in Social Classroom
Words: 7347 Length: 20 Document Type: Essay

Integrating Technology in My High School Social Studies Classroom The utilization of technology in education has gained a lot of popularity in the recent years. Great enhancements in computer software and hardware in the past decades have been noted and this has resulted to the increase of computer integration in education. The employment of computers in education unlocks a fresh area of knowledge in addition to providing a means which has

Marketing Concept and Market Segmentation
Words: 4924 Length: 18 Document Type: Term Paper

Pizza Hut, Domino's most dominant global competitor, was clearly way behind all three national pizza chains in 2005, with a very weak innovation story on new products to sell, and more re-shuffling of menu items with aggressive pricing and programs to bring in the lucrative in-store buyer. The net result from this lack of innovation was Pizza Hut losing significant market share. it's expected that Pizza Hut will be more

Sign Up for Unlimited Study Help

Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.

Get Started Now