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Resource: Ch. 3 of Management: Leading & Collaborating in a Competitive World Identify a time in your life when you had to make a personal or professional decision such as buying a home, changing jobs, enrolling in school, or relocating to another state or region. Write a 350- to 700-word paper in which you discuss your decision-making process. Support your ideas with academic research. Include the following in your paper: · Describe each step of your process. · How similar was your decision-making process to the one described in the text?· How might your decision be different if you had used the same steps included in the text? Format your paper consistent with APA guidelines.
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Running head: DECISION-MAKING PROCESS PAPER 1
Decision-Making Process Paper
Justin Randall
MGT230
Thursday, December 20th, 2012
Lorrie Madden
DECISION-MAKING PROCESS PAPER 2
Decision-Making Process Paper According to Bateman and Snell (2011) people should make decisions every day, some
of those decisions are easy to make, whereas others are quite difficult to implement. An
appropriately combined and organized decision-making process will help to control this issue
and bring a positive outcome for those involved. The decision-making process may become
challenging for people because of the lack of structure and entailed risk, uncertainty, and
conflict. That is why people trying to make important personal or professional decisions should
have an appropriate model to follow avoiding these challenges. Bateman identified six stages of
the decision-making process that may be attached to any problem or decision.
Stages of the Decision-Making Process
Identifying and Diagnosing the Problem
o The first stage in the decision-making process is to recognize that a problem
exists and must be solved. The decision maker must dig in deeper and attempt to
diagnose the situation.
Generating Alternative Solutions
o The second stage of decision-making links problem diagnosis to the development
of alternative courses of action aimed at solving the problem. These solutions
range from ready-made to custom made.
Evaluating Alternatives
o The third stage of decision-making involves determining the value or adequacy of
the alternatives generated or alternative courses of action which can be
implemented depending on how the future unfolds called a contingency plan.
DECISION-MAKING PROCESS PAPER 3
Making the Choice
o The fourth stage of decision-making, once you have considered the possible
consequences of your options, is making your decision. As you make your
decision, important concepts include maximizing, satisficing, and optimizing.
Implementing the Decision
o The fifth stage of decision-making involves following through with your decision.
Adequate planning requires several steps:
1. Determine how things will look when the decision is fully operational.
2. Chronologically order, perhaps with a flow diagram, the steps necessary to
achieve a fully operational decision.
3. List the resources and activities required to implement each step.
4. Estimate the time needed for each step.
5. Assign responsibility for each step to specific individuals.
o Decision makers should presume that things will not go smoothly during
implementation. It is very useful to take a little extra time to identify potential
problems and identify potential opportunities associated with implementation.
Then you can take actions to prevent problems and also be ready to seize on
unexpected opportunities. The following questions are useful:
1. What problems could this action cause?
2. What can we do to prevent the problems?
3. What unintended benefits or opportunities could arise?
4. How can we make sure they happen?
5. How can we be ready to act when the opportunities come?
DECISION-MAKING PROCESS PAPER 4
Evaluating the Decision
o The final stage in the decision-making process is evaluating the decision. It
involves collecting information on how well the decision is working. Always
remember to be appropriately vigilant in making the decision. Vigilance occurs
when the decision makers carefully and conscientiously execute all six stages of
decision making, including making provisions for implementation and evaluation
(Bateman & Snell, 2011, p. 90-95).
My Personal Decision-Making Process
The problem at hand was the necessity to rent an own apartment. In 2010 I was living
with my parents. The house was also shared with my sister and her children, and it was too small
for all six of us to share. I had realized after a short time this living situation was not going to
work out and that I should start looking for a place of my own. Because I did not own any
furniture finding an apartment that was fully furnished was a necessity.
Generating and evaluating alternative solutions (steps two and three in the decision
making process) was not an option as I knew exactly what I would have to do if I were to obtain
the right place to live. The only alternative solution in this situation would have been to rent a
large two-bedroom apartment fully furnished so I would have a spare room for guests and I
would not have to purchase furniture.
Step four in the decision making process is, making the choice. I searched around for
cheap fully furnished apartments and had finally found one in Fayetteville. This leads me to step
five involving me implementing my plan to fill out necessary paperwork to rent the apartment
and get all of my utilities turned on. After one month in my new apartment, I proceeded with the
DECISION-MAKING PROCESS PAPER 5
final step by balancing my checking account to plan for the monthly bills. I created a monthly
spreadsheet and considered taking on a roommate to help with some of the utility bills.
If I had taken the time to go through all the decision-making steps properly I would have
done things a little differently. I would have taken the time to consider all my solutions and
weigh every option. I would have considered possibly taking a roommate who has furniture to
help with the cost and find a cheaper unfurnished apartment. The next time I decide to move I
plan to go through each step of the decision-making process carefully and weigh all my options
before making any quick decisions.
DECISION-MAKING PROCESS PAPER 6
References
Bateman, T. S., & Snell, S. A. (2011). Management : leading & collaborating in a competitive
world (9th ed.). Retrieved from The University of Phoenix eBook Collection database.