Decision-Making Process Paper

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In the process of buying my first home there were many factors to decide. This was going to be a life changing experience for me and my family. Trying to decide on how much could I afford? What side of town would be best for me? How many bedrooms should I get according to my current household size as well as my future for having children? What lender should I use? There were so many critical decisions to make for one major purchase. So I had to evaluate and process the situation in order to make a concrete decision. A few of my decision making process was well in line with Bateman, T. S. (2011). Management: Leading & Collaborating in a Competitive World. Step 1 was identifying the problem. My problem was, I was paying rent when I could be receiving a tax rebate and I had no yard for my dog as well as 2 small bedrooms and one bathroom. Purchasing a house would solve this problem. The second and third steps of Management: Leading & Collaborating in a Competitive World, generating alternative solutions and evaluating alternatives did not meet my needs for this purchase. The forth step is making the choice. I decided that I needed to pursue a 4 bedroom house as a starter home with at least 2 bathrooms. This would be ample room to grow and manageable for me. I also found a property that was within 10 minutes from my job so that I could eliminate as much traffic as possible. I then, step five, implemented the decision and purchased with the lender that I found gave me an excellent interest rate. Finally after looking back and, step six, evaluating the decision. I made an excellent decision. My house served very well for my family that grew two children and welcoming for family and visitors. As I look back my only regrets is that I sold the home after living in it for six years. I made a hasty decision years later in my second home purchase and failed to go through the entire decision making process that I did with my first purchase...
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