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By – Sanjeet Yadav Rationality And Creativity In Decision Making

Rationality and creativity in decision making

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Page 1: Rationality and creativity in decision making

By – Sanjeet Yadav

Rationality And Creativity In Decision Making

Page 2: Rationality and creativity in decision making

What is Decision Making ..?

Decision is a thought process of selecting a logical choice from the available options . For a good decision, a person must weight the positives and negatives of each option, and consider all the alternatives.

Page 3: Rationality and creativity in decision making

Rational decision making is a multi-step process for making choices between alternatives. The process of rational decision making favors logic, objectivity, and analysis over subjectivity and insight .

In a rational decision making process, a business manager will often employ a series of analytical steps to review relevant facts, observations and possible outcomes before choosing a particular course of action ".

What Is Rational Decision Making....?

Page 4: Rationality and creativity in decision making

1.Identify Problem2.Choose The best Decision Style3.Develop Alternative Solutions

4.Choose the Best Solution

6.Evalute decision Outcomes5.Implement the selected alternative

Steps of Rational decision

Page 5: Rationality and creativity in decision making

1. Identification Of The Problem – This Step is comparatively easier than the other steps , as the Upper Management already Mentioned the Problem which have to be Solved .

2. Selection of best decision Style - The next step in the rational decision-making process is to identify the decision criteria. This step deals with choosing variables that will determine the decision outcome

3. Develop Alternative solution - The next step is to develop alternatives, which is where the potential solutions need to be considered. There will not be any consideration in this step, just a generated list of alternatives.

Page 6: Rationality and creativity in decision making

4. Choosing the best solutions – This step includes choosing of best alternative from the available

5. Implementation of the Selected Alternative – The alternative ( Option ) which has been selected earlier has to be implemented . So , all the planning , Mapping regarding the alternative is done in this step .

6. Evaluating the Decision Outcome - It seems to be the most important part of whole Rational Modal . By evaluating the results , the managers can understand whether their decision was right or how much the benefit or Profit they gain by implementing the respective decision .

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Advantages And Limitations of Rational Decision Making....

Advantages.... - Addressing complex decisions by breaking them down - Characterizing decision problems and goals to ensure

addressing all needs and desires - A growing capability to analyze and access the

information that can improve guidance based on the facts

Limitations….- The whole Rational decision making modal is time

consuming and cannot be taken without knowing all the facts and information's .

Page 8: Rationality and creativity in decision making

Creativity is a human faculty which helps individuals and groups to take sound decisions on various problems , It is a vital ingredient in successful decision Making .

Creativity is generally defined as an ability to think originality and bring out something new . It is not necessarily a super human ability . It is a genuine human thinking process by which certain individuals conceive ideas which do not strike others .However , Creativity by itself is not enough in decision making .

What is Creative Decision Making...?

Page 9: Rationality and creativity in decision making

In Rational decision making individuals are analytic , fact and a step by step process to come to a decision . Whereas , creativity is an ability to bring out something new or novel .

For the best of the results and decisions , the managers or individuals must use both the Decision making modal ( i.e. Rational modal and Creative Modal ) according to the Situations and Circumstances .

Difference Between Rationality and creativity .....