Mgt/230

Topics: Decision making, Education Pages: 2 (572 words) Published: July 22, 2013
Decision Making Process
Brandon Butler
Stewart Binder
11/15/12
MGT 230

Introduction
There are times in a person’s life when he has to make certain decision. Some decisions are quite crucial and change the path of life others are of minor significance. We can use the managerial decision making process in our daily life to make a good decision. There was a time in my life when I had to choose between keeping a job in which I was making a good living or continuing my studies. The job was really good with a good opportunity for growth. However getting higher education was also important for me. The decision was quite hard since the job I was doing conflicted with my class timings and I had to either leave the job or discontinue my education. Decision Making Process

First I will describe what decision making process I employed in order to come out of that situation then we will analyze how similar my decision making process was to a managerial decision making process. 1. Analyzed the situations

The first step in my decision making process was that I analyzed the current situation I was in and looked at pros and cons of continuing my job or studies. I looked at all the possible perspectives of doing the job at the stake of my education. 2. Identified possible solutions

Then I looked for any other possible solution instead of simply leaving job or studies . However there was no third option since the timings of my job conflicted with my class timings and none of them could be changed. Therefore I was left with only two options: a. Leave the job and continue studies

b. Discontinue studies and keep the job
3. Determined their possible outcome
I determined the possible outcome of each decision I intended to make. In the first decision leaving the job would mean letting go of possible career growth prospects and a good earning however getting a good degree would open up more opportunities in the future. Secondly discontinuing the...

References: The Decision‐Making Process. (2012). CliffNotes.com. Retrieved from, http://www.cliffsnotes.com/study_guide/topicArticleId-8944,articleId-8863.htm
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