Critical thinking (2 parts)

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Critical thinking (2 parts)

Category: Critical Thinking

Subcategory: Management

Level: College

Pages: 1

Words: 550

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Critical Thinking Paper
Part 1Q1. Rational Decision Making
Rational decision making involves the use of analysis, facts, and following of guidelines to make a decision. Rational decision making is a precise approach to decision making that is used by organizations to make decisions that are based on facts (Noorani 15). The steps followed in rational decision making are as follows:
Define the problem- The decision maker needs to define what the problem that requires decision making is. Identifying the problem in will help determine what criteria or approach will be used to solve the problem.
Identify the decision criteria-This step involves identifying the decision criteria. It involves selecting the factors that will determine the result of the decision.
Allocating weights to the selected criteria-This step involves ranking the most significant criteria for the process of decision making. The biggest weight is given to the most significant impact the decision.
Developing alternatives- This step includes coming up with alternatives that have the potential to solve the problem. The alternatives are not evaluated at this step but just listed.
Evaluate the alternatives- Here the listed alternatives identified in the previous step are evaluated to determine how they can solve the problem and the costs involved in each alternative.
Select the best alternative-After evaluating the alternatives, the alternative that be…

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