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Decision-Making Paper - Essay Example

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It is perceived that decisions made by groups are usually better than those made by an individual. However, in some scenarios, collective decision…
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317). Decisions made by groups are usually hamstrung by the need to reach a consensus. Consensus calls for parties to a discussion to have the same comprehension of the terms under discussion. The procedure for building a consensus involves discussion, fronting a proposal, testing for the consensus in terms of no and yes, modification of the proposal in question, and determination if the consensus is achieved or blocked (Herera, Martinez and Sanchez, 2005, p. 118). There are five processes of decision making.

These processes are: acknowledgement of the existence of a situation that needs decision making, identifying and establishing alternative solutions to the problem or opportunity, evaluation on the available options or alternatives, choice of an alternative, and implementing the selected option (Amadi-Echendu, 2012, 115). The main models of making decisions are the rational model, the intuitive model, the combination model, and satisfying model. The rational decision making model is an approach to decision making in a structured and sequential form.

It incorporates a series of steps such as the identification of problem or opportunity, gathering information, analysis of the situations to develop and evaluate options, selection of an alternative, and acting on the decision chosen. It is an ideal model since it provides a discipline channel of making decision. However, this model is quit time consuming as it involves investigation of the existing problems or opportunity before the course of action is made (Amadi-Echendu, 2012, p. 117). On the other hand, the intuitive decision making model is based on an individual making a decision based on instincts or inner knowing or intuitions.

This technique is ideal in situations that require prompt/ timely decision making. The combination technique encompasses the incorporation of both the rational and intuitive approaches to making a decision. As for satisfying method, it

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