Decision-Making Model Analysis Paper
Decision-Making Model Analysis Paper
Hal E. Bat
University Of Phoenix
Critical Thinking: Strategies in Decision-Making
MGT350
Daryl Korinek
Jan 06, 2006
Decision-Making Model Analysis Paper
Introduction
In order to master critical thinking, the ability to question information and solve problems must be present. The crucial steps that lead to successful decision-making is not based solely on our skills and abilities, but on the strategies that help us get there. All these steps combined allow us to make solid and intelligent decisions. Research on understanding how the mind works is a continuing project at best, but the progress we have made is substantial in the areas of understanding problem-solving and decision-making. This paper will discuss the method(s) used, where they are applied, what role critical thinking plays, and the impact these decisions make. Decision-Making Models
Through research, methods have developed that not only show people how to make decisions, but advice that will help to improve the skills already in place. We call these methods models. There are models designed with specific industries or individuals in mind. For instance, models based through observation or experiments (empirical research)(Simon, 1986, para6) allow such tasks as interpreting oil-well drilling logs. Using a model that centers on financial gains would not be as beneficial to the field engineer who must make a decision to continue drilling or to relocate his drilling equipment to another location, as a financial-based method would be to a CEO.
Research has shown that different models are developed and made with specific groups, areas, or individuals in mind. Where decision-making is crucial, choosing the most efficient model will prove to be the first important step. I work in an industry where making poor decisions can affect many avenues of daily life, from the quality of the air we breathe to the purity of the water we drink. Riordan is a
Hal E. Bat
University Of Phoenix
Critical Thinking: Strategies in Decision-Making
MGT350
Daryl Korinek
Jan 06, 2006
Decision-Making Model Analysis Paper
Introduction
In order to master critical thinking, the ability to question information and solve problems must be present. The crucial steps that lead to successful decision-making is not based solely on our skills and abilities, but on the strategies that help us get there. All these steps combined allow us to make solid and intelligent decisions. Research on understanding how the mind works is a continuing project at best, but the progress we have made is substantial in the areas of understanding problem-solving and decision-making. This paper will discuss the method(s) used, where they are applied, what role critical thinking plays, and the impact these decisions make. Decision-Making Models
Through research, methods have developed that not only show people how to make decisions, but advice that will help to improve the skills already in place. We call these methods models. There are models designed with specific industries or individuals in mind. For instance, models based through observation or experiments (empirical research)(Simon, 1986, para6) allow such tasks as interpreting oil-well drilling logs. Using a model that centers on financial gains would not be as beneficial to the field engineer who must make a decision to continue drilling or to relocate his drilling equipment to another location, as a financial-based method would be to a CEO.
Research has shown that different models are developed and made with specific groups, areas, or individuals in mind. Where decision-making is crucial, choosing the most efficient model will prove to be the first important step. I work in an industry where making poor decisions can affect many avenues of daily life, from the quality of the air we breathe to the purity of the water we drink. Riordan is a
References: EPA/NSF (n.d.). Decision-making and Valuation for Environmental Policy. Retrieved January 5, 2006, from http://www.gdrc.org/decision/valuation-policy.html Maxwell, J. C. (2003). Thinking for a Change. Excerpts, , . Retrieved January 6, 2006, from http://www.twbookmark.com/books/96/0446529575/chapter_excerpt16543.html Simon, H. A. (1986). Decision Making and Problem Solving. Retrieved January 5, 2006, from http://dieoff.com/page163.htm WECD (1987). RLEC > Sustainability > Sustainability Explained . Retrieved January 6, 2006, from http://www.rlec.org/sustainability_explain.htm