Week 1 Individual

Topics: Decision making, Decision making software, Decision theory Pages: 2 (570 words) Published: June 24, 2013
Decision-Making Process Paper

Monica Ceballos

MGT/230

May 30, 2013
Constance R. Trout
Decision-Making Process Paper
Decision-making is a part of everyday life. One must decide on a daily basis; which route to take to work, which has less traffic, coffee or breakfast, or if the morning routine is altered by unexpected situations, which way to continue with the day ahead? According to Bateman and Snell (2011), the ideal decision-making process includes six stages; (1) identify and diagnose the problem, (2) generate alternative solutions, (3) evaluate alternatives, (4) make the choice, (5) implement the decision, and (6) evaluate the decision (p. 89).The process does not have to be thoroughly explained to realize many of the decisions one takes goes through these stages or some of them.

One of the types of decisions one must carefully think and analyze before irrationally taking the plunge would have to be the purchase of one’s home. This type of decision is a very long-term commitment and a bit expensive. However, if properly acquire the decision; it is very worth-while. Buying a house or home starts at stage 1; one starts with identifying the problem or in this case the “wanting” to buy something to call home. It then follows to stage 2: generating alternative decisions. Stage 2 one is able to question if the house is really necessary. There are many suitable apartments and housing options as well. In this stage one also gets to question and calculate if it is within budget or if not, what one will have to do to be able to purchase the house. Once the financial side of the situation is evaluated and one still would like to continue it rolls into stage 3. Stage 3 consists of evaluating alternatives. In this stage one can go through the process of seeking locations, areas and house plans to choose what best fits with the ideal perfect home. This stage also allows to pick and choose what is best suitable for your home and knowing if there will be...

References: Retrieved on May 29, 2013:
Bateman, T. S., & Snell, S. A. (2011). Management Leading & Collaboratinf in a Competitive World (9th ed.). Retrieved from https://ecampus.phoenix.edu/content/eBookLibrary2/content/DownloadList.aspx?assetMetaId=2257ca5d-42fc-41ca-b603-e564f142a629&assetDataId=72e3ac3b-5ac0-478b-94b7-0176cac65ff0.
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