Preview

The Process Of A Shared Decision-Making

Satisfactory Essays
Open Document
Open Document
398 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
The Process Of A Shared Decision-Making
A Shared decision-making process involves having two or more people negotiate or compromise to make a financial decision. Have you ever been involved in a share decision-making process with your family? If so, explain the situation and what input you gave to the decision.
I have been involved in a share decision-making process with my mom. We had to decide if my mom should use the $2,000 she saved to buy a new car or pay the past due amount on our old car a Mutang. The Mustang cost $425 a month and had 3 years left on the loan, we couldn't afford it. So, we went out one day looking for a car and found a nice one, a convertible. The car place, wanted $2,000 down and payments of $275 a month for 1 year. Me and my mom talked about the pro's and
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Good Essays

    Decision Making
    • 496 Words
    • 2 Pages

    Decision Making

    Capital Intensive: A business process or an industry that requires large amounts of money and other financial resources to produce a good or service. A business is considered capital intensive based on the ratio of the capital required to the amount of labor that is required. (investopedia)…

    • 496 Words
    • 2 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    Coming To Consensus In Group Decision Making
    • 55 Words
    • 1 Page

    Coming To Consensus In Group Decision Making

    Coming to consensus when making a group decision is the best plan. For example, by coming to consensus everyone gets to put in their own ideas and because of this everyone agrees on one idea. Another example is it builds trust throughout the group.When working in large groups, always consider using consensus to make decisions.…

    • 55 Words
    • 1 Page
    Satisfactory Essays
    Read More
  • Satisfactory Essays

    Decision Making
    • 477 Words
    • 2 Pages

    Decision Making

    With freedom comes responsibility. When we first began sending messages through cyberspace, few anticipated that the digital footprint we were creating would follow us for a lifetime. Posts on Facebook that people make in junior high and high school impact hiringdecisions when they are 30.…

    • 477 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Better Essays

    Decision-making in a business scenario
    • 1323 Words
    • 5 Pages

    Decision-making in a business scenario

    Due to one American sporting apparel enterprise, which is assumed to be called the Wave Company, has entered its bottleneck of reaching the limits of growth, this report focus on that, as one CEO, how I will decide on the markets to expand to and ensure the success of this new business. Firstly, it provides an overview of situations this company faces and some detail information. Secondly, it uses one critical thinking tool, one decision making tool and one business framework to evaluate the internal and external factors of the Wave Company. Thirdly, it indicates two possible decision-making traps which may occur in decision-making process. Finally, it draws a conclusion about this case study.…

    • 1323 Words
    • 5 Pages
    Better Essays
    Read More
  • Satisfactory Essays

    Decision-Making Process
    • 471 Words
    • 2 Pages

    Decision-Making Process

    A time in my life in which I had to make a personal decision was when I purchased my first home. It was a hard decision to make because I was single with four children and only one income. I have worked at my job for a year and a half and have recently gotten a raise. I was getting tired of renting and wanted a place of my own for my children.…

    • 471 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Best Essays

    Shared Decision Making
    • 2102 Words
    • 9 Pages

    Shared Decision Making

    Leech, D. & Fulton, C. (2008). Faculty perceptions of shared decision making and the principals…

    • 2102 Words
    • 9 Pages
    Best Essays
    Read More
  • Powerful Essays

    Group Polarisation
    • 1803 Words
    • 8 Pages

    Group Polarisation

    This experiment is a replication of Wallach, Kogan and Bem (1962) study on Group influence on individual risk taking. The aim for this experiment is to investigate the effects of shift in risk across the pre-discussion, group-discussion and post-discussion assessment on individual decisions and group consensus. There were 154 (both sexes) undergraduates students from the University of Sheffield used in this study. The results were based on their opinions on the pre, group and post-discussion assessment and data were collected to examine whether individuals risk more as a result of group-discussion than when they were alone. Findings suggested that group-discussion does made an influence on decision-making on individual’s initial decision.…

    • 1803 Words
    • 8 Pages
    Powerful Essays
    Read More
  • Good Essays

    Decision Making Process
    • 1111 Words
    • 5 Pages

    Decision Making Process

    The first area of decision making is being able to establish when and why a decision needs to be made. In this situation our team member would most likely evaluate what he was dealing with before making a decision on reporting the senior executive’s actions. In the scenario Chalace Lowry made a hasty decision with the little bit of information she was presented. Judging by the results of the team member’s Inventory the selected team member most likely would have taken some time to asses the situation. Lowry admits in the article that she didn’t know if senior executive…

    • 1111 Words
    • 5 Pages
    Good Essays
    Read More
  • Better Essays

    Decision Making
    • 1432 Words
    • 6 Pages

    Decision Making

    Group decision making occurs when a specific group of people make a choice regarding a process or procedure in the work place. Group decision making can also include a group of friends getting together and making a decision where to go for the evening. Decision making can be easy, hard or somewhere in the middle; many times how hard the process is depends on the team or group of people that have to make the decision. The type of decision and the number of people the decision will affect is another aspect of decision making that can determine how hard it is to come up with a decision.…

    • 1432 Words
    • 6 Pages
    Better Essays
    Read More
  • Satisfactory Essays

    Decision Making
    • 431 Words
    • 2 Pages

    Decision Making

    I believe that one of the biggest decisions that my wife and I had to make was deciding to…

    • 431 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Good Essays

    Decision Making Style
    • 760 Words
    • 4 Pages

    Decision Making Style

    A person has this style if they have a low tolerance for ambiguity and are efficient, rational, and logical in their way of thinking. They focus on the short term and are quick to make decisions, usually resulting in a decision that has been made with minimal information and not carefully analyzing other alternatives. Example: When a manager spots the dirt on the window, and orders the cleaner to clean the window now, that is a directive style decision-making. The cleaner has to follow the instruction, and does not need to ask for clarification.…

    • 760 Words
    • 4 Pages
    Good Essays
    Read More
  • Good Essays

    Group Decision Making
    • 604 Words
    • 3 Pages

    Group Decision Making

    Group decision making could be analysed as a very complex process whereby individual contributions play a big role in it. Wood et al. (2010) explained that group decision effectiveness equates to individual contributions add group process gains and deduct group process loss. We felt that the decisions made in groups contributed to a major part to mould the behaviour of individuals in future group activities. Hence, it is crucial to focus and analyse on the key factors that created effective group decision making versus factors that factors that threatened effectiveness.…

    • 604 Words
    • 3 Pages
    Good Essays
    Read More
  • Powerful Essays

    Communication and Decision making
    • 2495 Words
    • 10 Pages

    Communication and Decision making

    While decision making may require good leadership skills not good communication skills, communication in an organization is very important it affects how decisions are made and the quality of those decisions at every level of the organization. Decisions are based on information and information is gathered by management through all types of communication. Without effective communication how will the organizations vision be translated to the employees? And for the organization to be successful, management and leadership must communicate effectively to their employees and teams.…

    • 2495 Words
    • 10 Pages
    Powerful Essays
    Read More
  • Satisfactory Essays

    “IF TWO HEADS ARE BETTER THAN ONE, ARE FOUR EVEN BETTER?”
    • 252 Words
    • 2 Pages

    “IF TWO HEADS ARE BETTER THAN ONE, ARE FOUR EVEN BETTER?”

    When people are in groups, they make decision about risk differently from when they are alone. In the group, they are likely to make riskier decisions, as the shared risk makes the individual risk less. Maggie’s family would have chosen the second option which involves moderate risk. As also mentioned in the case that Maggie’s current salary is adequate to meet her current living expenses, therefore, she can bear the moderate risk factor by enjoying the profit.…

    • 252 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Better Essays

    A Method of Group Decision Making
    • 1303 Words
    • 6 Pages

    A Method of Group Decision Making

    Jesuits would agree with former Speaker of the House Sam Rayburn’s famous remark: “When two people always agree about everything, it just goes to show that one of them is doing all the thinking!” We respect that. We also know that if union is to be achieved, it can only come out of difference. The point of the process I am outlining here is to provide a method for moving from difference to consensus amicably and prayerfully.…

    • 1303 Words
    • 6 Pages
    Better Essays
    Read More

Related Topics